JENNIFER PELTZ AND MICHAEL R. SISAK

Associated Press

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

The ruling spares Trump from a potential half-billion-dollar fine but bans him and his two eldest sons from serving in corporate leadership for a few years.

Trump, in a social media post, claimed "total victory."

"I greatly respect the fact that the Court had the Courage to throw out this unlawful and disgraceful Decision that was hurting Business all throughout New York State," he wrote.

A sharply divided panel of five judges in New York's midlevel Appellate Division couldn't agree on many issues raised in Tru

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