Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case.

Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.

  • gregorum@lemm.ee
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    10 months ago

    He’s played this weird shell game with his assets and claimed poverty through complex bankruptcy litigations. It’s far from what’s going on with Trump.

    And while Jones may have delayed his fate, he’s still not gonna get away with that shit. Those cases are progressing, we just aren’t hearing a lot about it in the news. 

    • Riven@lemmy.dbzer0.com
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      10 months ago

      Yea he did one of the things you never do (unless you’re Trump), fuck with judges. He started hiding his shit after the judge told him to pay up. They’re out for blood.

      • gregorum@lemm.ee
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        10 months ago

        oh, he was shuffling his assets around long before the judges told him to stop because he knew what was coming.