Reference News Network, August 27 report - According to the Associated Press, on August 26, US President Trump filed an appeal with the New York State Court of Appeals, seeking to overturn other penalties against him, including a long-term ban prohibiting him and his two sons from holding leadership positions in companies.

The Trump legal team has submitted an appeal to the New York State Appellate Division, requesting the reversal of the remaining judgment effects of the lawsuit brought by the New York State Attorney General Letitia James. The lawsuit accused Trump of overstating his net worth in financial documents submitted to banks and insurance companies.

The report said that last week, a five-judge panel of the New York State Intermediate Appellate Court overturned the fine against Trump. Democrat Letitia James stated that after the appellate court deemed the fine "excessive," she plans to ask the New York State Court of Appeals to reinstate the fine against the Republican president.

After the appellate court overturned his fine, Trump claimed a "complete victory," but the judges upheld other penalties and narrowly supported a lower court ruling that found Trump's overstatement of assets in financial statements constituted fraud.

The current appeal by Trump targets non-monetary penalties. These penalties impose strict restrictions on the operations of the Trump Organization, specifically:

—— A ban on Trump's sons Eric Trump and Donald Trump Jr. from serving as directors or executives of any company in New York for two years, effectively stripping them of their authority to manage the daily operations of the Trump Organization.

—— A prohibition on Trump from holding leadership positions in any company in New York for three years.

—— A ban on Trump and his affiliated companies from obtaining loans from New York state-registered banks for three years.

—— Requiring the Trump Organization to be under the supervision of an independent monitor for at least three years, and ordering it to hire an independent compliance officer.

These penalty measures have been stayed during the appeal process. Appellate court judges said that Trump can apply for a court order to extend the stay of execution during subsequent appeals. (Translated by Wu Mei)

Original: https://www.toutiao.com/article/7543203106713010730/

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