New York Attorney General Letitia James holds a press conference following a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York State for three years, in the Manhattan borough of New York City, U.S., February 16, 2024.
David Dee Delgado | Reuters
Engoron ruled that Trump and other defendants overstated the purported value of real estate assets owned by the Trump Organization to inflate Trump’s net worth. In turn, those bogus valuations helped Trump’s company get better terms on loans and other financial benefits, the judge ruled.
Engoron cited those findings in imposing the massive fine on Trump and other defendants.
The notice of appeal filed on Thursday is brief and does not detail the arguments for why James believes the decision should be overturned. Those arguments will be laid out in future filings.
A spokeswoman for James had no comment on the filing.
CNBC has requested comment from Trump’s attorneys.
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