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Trump appeals $454 million New York civil fraud judgment

www.cbsnews.com Trump appeals $454 million New York civil fraud judgment

Former President Donald Trump's lawyers called the $454 million judgment​ "draconian" and complained that the "case violates centuries of New York case law."

Trump appeals $454 million New York civil fraud judgment

A judge's February ruling that found former President Donald Trump and his company committed hundreds of millions of dollars in fraud should be tossed out, attorneys for Trump said in an appeal filed Monday.

Trump's lawyers called the $454 million judgment "draconian" and complained that the "case violates centuries of New York case law."

Judge Arthur Engoron found that Trump, his company and top executives, including his sons Eric and Donald Trump Jr., deceived banks and insurers for years, inflating Trump's wealth on financial statements in order to obtain favorable deal terms they wouldn't have otherwise received.

Engoron concluded the Trumps and their company benefited to the tune of $354 million in "ill-gotten gains" through the scheme, and ruled they must pay the state that sum plus interest of about $100 million.

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