New York Lawyers Defend Trump's $500 Million Civil Fraud Judgment Amidst Appeals

New York state lawyers urged an appeals court to uphold Donald Trump's $500 million civil fraud judgment, presenting extensive evidence of his alleged financial deceptions. The case, which could impact Trump's wealth and business operations, is slated for oral arguments before the Appellate Division in September, with a decision potentially preceding the presidential election.

New York state lawyers urged an appeals court late Wednesday to uphold the nearly $500 million civil fraud judgment against Donald Trump, citing "overwhelming evidence" of the former president's financial deceptions while building his real estate empire.

In preparations for oral arguments scheduled next month, New York Attorney General Letitia James' office criticized Trump's appeal as filled with "meritless legal arguments" that overlook substantial trial evidence. The claims point to Trump's and co-defendants' large-scale "fraud and illegality."

Assistant Solicitor General Daniel S. Magy, in a 168-page filing, detailed how Trump, his company, and top executives allegedly used financial statements with blatant misrepresentations to secure loans worth more than $500 million and generate over $360 million in illicit profits. The Appellate Division has scheduled a hearing for September 26, just weeks before the election, with a ruling expected approximately a month later.

The judgment, if upheld, could severely impact Trump's personal wealth and disrupt his Trump Organization. As of Wednesday, Trump and his co-defendants owe over $485 million, an amount growing due to accruing interest. Trump argues that the verdict was "erroneous" and is asking for a complete overturn.

Further complicating matters, Trump is juggling a busy court schedule as he campaigns for the presidency. His legal team has raised multiple objections, including claims of "election interference" and accusations that the case is motivated by political bias.

(With inputs from agencies.)