A New York appeals court on Thursday threw out the massive financial penalty a state judge imposed on President Donald Trump, while narrowly upholding a finding he engaged in fraud by exaggerating his wealth for decades.

A New York appeals court has thrown out the nearly half-billion dollar judgment against President Donald Trump in the civil fraud case brought by the state’s attorney general.

A New York appellate court threw out the $527 million penalty in the civil fraud case against President Trump and others on Thursday, ruling that the fine was "excessive."