WLT previously reported that NYC Judge Arthur Engoron ordered President Trump to pay a whopping $354 million dollars for allegedly defrauding investors by over-valuing his real estate investments.
Not long after the ruling, Trump took to social media to announce he would be appealing the decision.
BREAKING: Donald Trump says he will be appealing after being fined $354.9m in a civil fraud trial in New York.
The former US President says he has "built the perfect company"
Full story: https://t.co/0ZxKrOdzbh
📺 Sky 501 pic.twitter.com/8AjMXUK0aa
— Sky News (@SkyNews) February 16, 2024
We have already won, and will continue the fight on appeal!
The full statements he made are posted on Truth Social:
This Election Interference and tyrannical Abuse of Power by a Crooked Judge and Crooked Attorney General cannot be tolerated. My case was already won in the Appellate Division, and more than 80% of the frivolous claims were wiped out. Yet, as I suspected, and in order to hurt me and the Republican Party politically, Crooked and Corrupt Judge Arthur Engoron ignored his loss at the Appellate Division, and came up with an outrageous $355 Million Dollar fine against me. Using a statute that has never been applied like this before, the Corrupt Judge conspired with the Crooked Attorney General, Letitia James, and punished a liquid and beautiful Corporate Empire that started in New York, and has been successful all around the world…..
Page 2: There were no victims, and not one person testified there was any fraud. The actual witnesses established my Net Worth exceeded that reported in my Financial Statements as those Statements never included my most valuable Asset – the TRUMP Brand. The Highly Respected Expert Witness said my Financial Statements were among the best he has ever seen. I paid over $300 Million Dollars in taxes to New York City and State, and they want me gone. They are Crazed Lunatics who are destroying everything in their way. It all starts with Biden’s attacks on his Political Opponent!
Page 3: The actual bankers who were involved in the loan transactions testified I was a highly sought-after “whale” of a client with “one of the strongest personal balance sheets” they had ever seen, and I was overqualified for the loans. Those banks earned more than $100 Million Dollars in profits doing business with me and my companies. But to justify his crazed attack on me and my family, this biased, Trump Hating Judge, ignored all this, and even said Michael Cohen told the truth, although Cohen admitted to lying hundreds of times, and lied right in front of the Judge during the trial. This shocking and corrupt Interference in the Free Markets for political gain places every New York business transaction at risk. We must make sure Corrupt Politicians and Judges cannot continue to abuse the power of their office, and violate the public trust. We have already won, and will continue the fight on appeal!
Supporters have been encouraged by Trump’s desire to continue the fight.
Trump will keep appealing until they go bankrupt!
People with common sense are already getting fed up with the double standards and waste of taxpayer money used to go after Trump!
Meanwhile, Trump be like…⤵️ pic.twitter.com/RmLeNjgawo
— Sheriff Justice 🇺🇸🏳️🌈 (@giacdiane) February 16, 2024
Yes he should, Trump is appealing Engoron’s decision. This judge is 1000% corrupt, and I would love to know what Loretta James thinks she’s going to do with $350 million when there’s no victim. NYC has one of the most corrupted court systems because the democrats run it.
— Lisa Marie (@Lisamarie1577) February 16, 2024
The allegations of Trump’s business empire over-valuing assets is considered bogus by various investors.
Famed Shark Tank personality and financier Kevin O’Leary previously spoke about the absurd charges brought against Trump.
In light of this absurd civil verdict, pls see this video (@CollinRugg) of Kevin O’Leary.
He explains, to CNN of all platforms:
No one lost money!
Trump did what EVERY real estate developer does.
The witch hunt continues!pic.twitter.com/O2RPUxqErQ
— Steve Cortes (@CortesSteve) February 16, 2024
This egregious case should have never been presented in the first case, but the ruling from Judge Engoron is even more concerning.
The real estate industry is already struggling, and this decision could be the equivalent of throwing gasoline on a fire.
Trump winning an appeal may stay that fate.
Here’s more from CBS News about the recent court decision:
Judge Engoron had already ruled in September that Trump and the other defendants were liable for fraud, based on the evidence presented through pretrial filings.
The judge had largely affirmed James’ allegations that Trump and others at his company had inflated valuations of his properties by hundreds of millions of dollars over a the course of a decade and misrepresented his wealth by billions in a scheme, the state said, intended to trick banks and insurers into offering more favorable deal terms.
Trump and his legal team long expected a defeat, with the former president decrying the case as “rigged” and a “sham” and his lawyers laying the groundwork for an appeal before the decision was even issued. He is expected to appeal.
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