Summary
- A United States appellate court has reported that the $464 million civil fraud penalty imposed on President Donald Trump has been invalidated.
- It was stated that the ruling was partly the result of accepting the Trump team’s claim that the financial penalty from the first trial was excessive.
- However, this decision is not the final conclusion of the case, and related legal disputes are expected to continue.
On the 21st (local time), according to the cryptocurrency-focused media outlet Watcher Guru, a United States appellate court has invalidated the $464 million (approximately ₩620 billion) civil fraud penalty imposed on Donald Trump, the former President of the United States.
This decision reflects, in part, the Trump team’s argument that the financial penalties imposed at the first trial were excessive. President Trump, who was indicted for allegedly exaggerating the value of his real estate assets in order to secure loans on favorable terms from financial institutions, previously received a large penalty in the civil trial.
However, this appellate decision does not represent the final conclusion of the case, and the associated legal dispute is expected to continue.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
