The $355 million judgment this month has increased significantly due to interest, which will continue to accrue at a rate of at least $112,000 every day.
Attorney General of New York Letitia James has threatened to confiscate part of Mr. Trump’s assets if he doesn’t pay.
It was discovered that he had lied about the value of his properties to get better credit terms.
The former US president was also prohibited from conducting business in the state for three years by Judge Arthur Engoron.
The Republican front-runner’s appeal on Monday means that, as he gets ready for what is expected to be a rematch with Democratic President Joe Biden in November, yet another court battle will stretch into election season.
All along, Mr. Trump has declared that he intended to file an appeal against the decision, branding it a political witch hunt.
The appellate court “will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system,” according to his attorney, Alina Habba, who expressed this expectation on Monday.
