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Court Throws Out Huge Fraud Penalty Against Trump
Financial Express Chandigarh
|August 22, 2025
A New York appeals court on Thursday threw out President Donald Trump's massive civil fraud penalty while upholding a judge's finding that he exaggerated his wealth for decades.
The ruling spares Trump from a potential half-billion-dollar fine but bans him and his two eldest sons from serving in corporate leadership for a few years.
The decision came seven months after the Republican returned to the White House. A panel of five judges in New York's mid-level Appellate Division said the verdict, which stood to cost Trump more than $515 million and rock his real estate empire, was "excessive."
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