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.

  • nova_ad_vitum@lemmy.ca
    0·
    9 months ago
    • The NYC AG decided to sue anyways because it’s technically not allowed to misrepresent your income on a bank form

    By “technically” you mean legally. In accordance with the law.

    The judge decides on an excessive amount of fines simply because they hate him and want to ruin his campaign

    Prove it. And then send that proof to Trump, in sure whatever ambulance chaser is representing him now would interested to have that proof .

    • MacN'Cheezus@lemmy.todayEnglish
      0·
      9 months ago

      It’s also legally not allowed to cross an intersection on a red light in order to get to work faster when you’re running late, but who’s keeping track?

      • nova_ad_vitum@lemmy.ca
        0·
        9 months ago

        So no proof the judge acted out of malice? Just more bullshit you made up? I’ll try to contain my surprise.

        • MacN'Cheezus@lemmy.todayEnglish
          0·
          9 months ago

          I don’t know if the judge did, but the AG likely acted out of malice. Just ask yourself who benefits from this ruling? As far as I can tell, the bank doesn’t even get any of the money, it all goes to the state. And the Democrat party, of which Letitia James is a member, gets to hurt a political rival in the upcoming federal elections at a critical time in their campaign.

          Yes, I know that’s not proof, but there’s certainly motive.

          • grozzle@lemm.ee
            0·
            9 months ago

            So now you’re saying politicians should only be prosecuted by members of their own party. Go to a doctor, tell them your brain fell out, ask for help.

            • MacN'Cheezus@lemmy.todayEnglish
              0·
              9 months ago

              It’s not just the party affiliation, it’s also the timing.

              Perhaps you should take your own advice there.