Trump wins big! New York Appellate Court cancels a $515 million fine against the U.S. President!
The New York Appellate Court overturned a state court ruling that required the U.S. President to pay a $515 million fine for asset valuation fraud in the Trump Organization case.
In 2024, the state court ruled that Trump lost a civil lawsuit and was found guilty of fraud in valuing assets of the Trump Organization, thus requiring him to pay approximately $454 million, and considering interest, the fine amount has exceeded $515 million so far.
The appellate court ruled that this fine was excessive in this case and violated the Eighth Amendment of the U.S. Constitution, which prohibits excessive fines and cruel and unusual punishments.
After the state court's judgment, Trump emphasized that the case had political motives and requested the court to cancel the judgment after winning the presidential election in November 2024, and then appealed to the New York Appellate Court.
Original: www.toutiao.com/article/1841101520163840/
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