The $515 million fraud case penalty against President Donald Trump was thrown out by a New York appeals court on Thursday.
  • NotMyOldRedditName@lemmy.world
    49·
    2 months ago

    He was fined what he profitted from fraud that the judges agree he committed, plus interest. In what world is that excessive?

    Wow… i saw the headlines but didn’t realize this was the case. Not even punitive fines. Literally this is the ABSOLUTE MINIMUM it could be without fraud being profitable.

    • thanks AV@lemmy.world
      18·
      2 months ago

      In the 323-page decision, Judge Moulton said that American voters had “obviously rendered a verdict” on Trump’s political career.

      “This bench today unanimously derails the effort to destroy his business,” the judge wrote.

      Judge says voters gave him that money fair and square

    • NotMyOldRedditName@lemmy.world
      10·
      2 months ago

      without fraud being profitable.

      Actually… scratch that.

      With this fine, it actually was profitable. Interest is always lower than what someone could actually earn on the funds if they just dropped it into some broad market ETF, or reinvested it to commit more fraud.