Advanced search
Decision 2024

South Carolina leads the way in saying Trump's company needs to pay less for fraud

The AG gets involved in New York State criminal law and judge's decision, which is being appealed - “Our brief isn’t about Donald Trump"

Posted

15 GOP-led states support Trump’s appeal of $355M in NY court fines

 
COLUMBIA — South Carolina Attorney General Alan Wilson is heading up a coalition of 15 GOP-led states supporting former President Donald Trump in his appeal of court fines ordered in a New York real estate case against him.

New York state court Judge Arthur Engoron in February ordered Trump to pay $355 million, plus interest, in a civil trial finding his company and executives, including his two eldest sons, conspired to deceive banks and insurers by inflating his wealth on financial statements. The judge also barred Trump from serving as an executive at any New York company, including the Trump Organization, for three years and imposed a two-year ban on Eric Trump and Donald Trump Jr.

Trump appealed the fine to New York’s intermediate appellate court.

Wilson’s office authored a court brief supporting the appeal, which 14 other states joined.

“Our brief isn’t about Donald Trump, it’s about upholding the rule of law and the Constitution,” Wilson said in a statement after Friday’s filing.

Other states in the coalition are Alabama, Alaska, Florida, Iowa, Louisiana, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Utah, and West Virginia.

The attorneys general argue the fine is excessive, violating the Eighth Amendment and a similar clause in the Fourteenth Amendment prohibiting states from imposing a “grossly excessive” punishment.

Residents of South Carolina and other states that joined the brief conduct business in New York, primarily New York City, wrote Joseph Spate, assistant deputy solicitor general in Wilson’s office.

“And they need confidence that their customary business dealings in New York will not subject them to devastating fines,” he wrote, arguing that fear of heavy financial penalties will drive companies away from doing business in New York.

 
JESSICA HOLDMAN

Jessica Holdman writes about the economy, workforce and higher education. Before joining the SC Daily Gazette, she was a business reporter for The Post and Courier.

SC Daily Gazette is part of States Newsroom, the nation’s largest state-focused nonprofit news organization.

What the South Carolina attorney general argues to a New York state court here.