【Latest News: Trump Comments on Ruling to Cancel $550 Million Fine】
On August 21, 2025, Washington time, President Donald Trump wrote on the social media platform "Truth Social":
New York Attorney General Letitia James' false case has achieved a complete victory! I deeply respect the courage shown by the court to overturn this illegal and shameful decision that harms New York businesses. The total fine and accrued interest have reached $550 million, and the case against me is political persecution.
Additional information:
In February 2024, Trump was found guilty of willfully misrepresenting the value of his business assets to obtain better loan terms and was sentenced to a fine of $464 million.
