Trump appeals $454 million ruling in New York fraud case

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Trump appeals $454 million ruling in New York fraud case
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Former President Donald Trump on Monday officially began the process of appealing the historic $454 million judgment against him.

Former President Donald Trump on Monday officially began the process of appealing the historic $454 million judgment against him in his New York civil fraud case, a figure that is growing by more than $100,000 in interest every day.In order to qualify for an automatic stay of the judgment as the appeal proceeds, Trump must fork over the entire amount as bond, known in the New York civil court system as an 'undertaking.

Trump and the defendants are appealing all sanctions in Engoron's ruling.'We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York's legal system,' Trump attorney Alina Habba said in a statement to CBS News.Engoron's 92-page ruling was one of the largest corporate sanctions in New York history.

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