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On Wednesday, representatives of President Donald Trump filed a brief in the New York Court of Appeals, arguing the court should throw out his liability finding in a $464 million civil fraud case that centered on Trump’s real estate valuations.
The reply, made in response to an appeal from New York Attorney General Lititia James’ efforts to resurrect those penalties after a lower court tossed them out, argues the case had several legal flaws that should have prevented it from being heard in the first place.
“This case should have never been brought, and the judgment cannot stand,” the appeal states. “This case is extremely unusual; it involves not only reams of improper statements targeting President Trump, his family, and his businesses, but also a decision to apply [New York law] against those targets in a completely unprecedented and…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.