A panel of judges in New York expressed doubts about the $450 million judgment against former President Donald Trump for civil fraud, following a lawsuit by New York Attorney General Letitia James. The judgment stemmed from Trump overvaluing his assets and lying about his net worth for bank loans.
While the initial judgment found Trump liable for $364 million, the amount has grown since then. Some judges questioned the justification for such a high penalty, suggesting it could be reduced based on the harm caused.
Deputy Solicitor General Judith Vale defended the judgment, emphasizing the significant benefits Trump gained from the fraud. She also argued that even if Deutsche Bank claimed no harm, Trump still committed a crime.
The judges also questioned whether the attorney general had the authority to prosecute such business transactions. Some felt the scope may have expanded beyond its intended purpose.
Vale maintained that the attorney general must act swiftly to prevent fraud before it harms consumers or the market. The case continues to spark debate over the extent of legal action in such corporate matters.
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