By Jack Queen and Luc Cohen
NEW YORK (Multibagger) - In a high-stakes legal battle, Donald Trump's lawyers are set to present their case in front of a New York state appeals court to overturn a $478.3 million judgment against the former president. This judgment was issued by Justice Arthur Engoron in a civil case brought by New York state Attorney General Letitia James, who accused Trump of inflating his net worth to secure better loan terms.
The ruling, which poses a significant threat to Trump's vast business empire, includes penalties and interest for fraudulent real estate practices. With mounting interest, Trump's debt has now ballooned to nearly half a billion dollars.
This legal challenge is just one of the many legal troubles Trump has faced since leaving office, including federal civil penalties and criminal charges. Despite Trump's denial of any wrongdoing, his reputation and financial stability hang in the balance.
As the battle unfolds in court, the outcome could have far-reaching implications for Trump's future business dealings and political ambitions. Stay tuned for the latest updates on this high-profile case.