New York Court of Appeal today canceled the fine of about half a billion dollars imposed on US President Donald Trump after a judge ruled that it had deceived the value of its real estate and other assets to promote its family.

The decision of the Manhattan Pentamel Court of Appeal is considered a defeat for New York City Public Prosecutor Lefsia James, who had prosecuted Trump for fraud in 2022. The judges of the Court of Appeal had appeared cautious when they were examining the case in September 20.

Trump had appealed to the decision issued by Judge Arthur Enigoron after a hearing that lasted three months. Enigoron ruled that Trump was increasing the value of his real estate in several years before he was elected president in 2017, with the aim of deceiving lenders and insurers and providing better terms for his company, Trump Organization. In February 2024, the judge ordered Trump to pay a fine of $ 454.2 million. The interest of this fine have been accumulated since then.

Trump had to pay 98% of the fine while his sons, Donald Trump Junior and Eric Trump, and a former associate of Trump Organization, financial director Allen Wayiselberg, were held accountable. Enigoron also banned Trump himself and his company from seeking loans from New York banks for three years. His two sons were forbidden to manage the company for two years.

The Court of Appeal had suspended these bans until it completed the case, but left the auditor appointed by the Court of First Instance in Trump Organization to continue its work.

Trump denies that he has committed any criminal act. His lawyers said the fine was excessive and that James overcame her duties.

In its ruling, the Court of Appeal ruled that the fine was indeed excessive, which “violates the eighth amendment of the US Constitution”, which prohibits disproportionate penalties.