On Thursday, a New York appeals court threw out a $527 million penalty against President Donald Trump resulting from a 2024 civil fraud judgment. The five-justice panel unanimously agreed to dismiss the fine but disagreed on other points, ultimately deciding to leave the other penalties against Trump in place — including barring Trump from serving in top roles at any New York company for three years, extending a similar ban to his sons (Eric and Donald Jr.) for two years, and installing an independent monitor for the Trump Organization.

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• We’re excited to announce that our third installment of Tangle Live will be held on October 24, 2025, at the Irvine Barclay Theatre in Irvine, California. If you’re in the area (or want to make the trip), we’d love to have you join Isaac and the team for a night of spirited discussion, live Q&A, and opportunities to meet the team in person. You can read more about the event and purchase tickets here.

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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.

This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.

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