Appeal court throws out massive civil fraud penalty against Donald Trump

A panel of five judges in New York’s mid-level Appellate Division said the verdict, which stood to cost the president more than $515m and rock his property empire, was 'excessive'
Appeal court throws out massive civil fraud penalty against Donald Trump

Donald Trump (Alex Brandon/AP)

An appeal court has thrown out a massive civil fraud penalty against Donald Trump in a New York state lawsuit accusing him of exaggerating his wealth.

The decision came seven months after the Republican returned to the White House. A panel of five judges in New York’s mid-level Appellate Division said the verdict, which stood to cost the president more than $515m and rock his property empire, was “excessive”.

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