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.
That’s fine. He has a lot of properties tha they can -and will- take. He can still appeal, but that might make it even worse, and in the mean time interest is running.
I believe to appeal he first has to put 110% of the amount owing in escrow
110% plus interest
If there’s one thing I’ve learned about Trump over the past decade, it is that he always finds a way to weasel out and somehow manage to get millions of conservative votes in the process.