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In that case, the court found Trump liable for fraud, ordering him to pay a staggering $464 million plus interest. The verdict was positioned as a colossal penalty designed to account for alleged deceptive practices. Trump, however, maintained his innocence, framing the case as a politically motivated witch hunt.
The Court's Reversal: A Major Win for Trump
As of Thursday, the legal landscape shifted dramatically. A New York appeals court delivered a split decision, ultimately overturning the monetary penalty. Three out of five judges agreed that the penalty did not correspond to the nature or extent of the alleged misconduct. They argued that the harm caused was not "cataclysmic" and did not warrant such an enormous fine.