Fraud Liability Upheld, Monetary Penalty Vacated — Outcome

Entities and roles

• America First Audit — Fraud Liability Upheld, Monetary Penalty Vacatedaudit case
• Donald J. Trumpcomparison subject

Claims and evidence

1. factdocumented

   The Appellate Division affirmed the fraud liability and much nonmonetary relief but vacated disgorgement as an excessive fine.

   • New York State Law Reporting Bureau: People v Trump, 2025 NY Slip Op 04756Disposition and opinions addressing liability and disgorgement