Donald Trump owes an additional $87,502 in interest every day until he pays the $354 million fine in his civil fraud case, according to ABC News' calculations.

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.

  • KevonLooney@lemm.ee
    17·
    9 months ago

    this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s

    Uh, he probably doesn’t have it in cash. He doesn’t have the total amount he owes ($450 million). He might actually need to declare personal bankruptcy to delay payment.

    That’s the funniest thing about the GoFundMe set up for him. It’s probably just a scam, but even if they send it to him it’s nowhere near enough. Every day it goes up it just covers the interest owed for that day!