Former President Donald Trump has launched an appeal against the ruling that found him liable for consistently overstating his net worth. This move challenges the decision by Judge Arthur Engoron, who recently issued an order compelling Trump to pay upwards of $450 million in penalties.
The decision, announced less than a fortnight ago, was based on fraudulent financial behaviors and included an injunction preventing Trump from managing business operations within New York State or securing loans from its registered financial institutions for a period of three years.
New York’s legal system has confirmed that the penalties against Trump will incur daily interest, accumulating at a rate of nearly $112,000 per day until the sum is fully settled. These details were provided by the office of Attorney General Letitia James, whose lawsuit against Trump prompted these developments.
Additionally implicated in the case are Trump’s sons, Eric and Donald Jr., alongside numerous affiliates of the Trump Organization and two company executives. All have signaled their alignment with Trump’s appeal filed this Monday.
