00:00It's Benzinga, and here's what's on the block.
00:02A New York appeals court reviewed Donald Trump's appeal regarding a $454 million fine imposed
00:08for business fraud, showing skepticism toward elements of the case brought by the state's
00:13attorney general.
00:14The five-judge panel questioned key aspects, including the application of a consumer fraud
00:19statute and the justification for the financial penalty.
00:22The defense argued that there were no victims or complaints, and the sophisticated nature
00:26of the transactions should exempt Trump from certain fraud claims.
00:30The state countered that Trump's inflated financial statements were essential to securing
00:34loans and should be penalized despite the profitability of the deals.
00:38For all things money, visit Benzinga.com.
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