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.

  • PhAzE@lemmy.ca
    link
    fedilink
    arrow-up
    0
    ·
    edit-2
    9 months ago

    If you rob a bank, then later return the cash… you still robbed a bank, and it’s still a crime regardless.

    The bank chose to overlook that crime because it made them money, and they want more business. You don’t see anything wrong with overlooking a crime for money?

    • MacN'Cheezus@lemmy.today
      link
      fedilink
      English
      arrow-up
      0
      ·
      9 months ago

      LMAO, I just love how everyone on this site is like “fuck corporations”, “yay communism”, “eat the rich” and “piracy isn’t stealing”, but the moment someone you hate gets caught doing it, everyone’s like “off with his head! How dare he cheat big business like that!”

      Hypocritical much?

      • PhAzE@lemmy.ca
        link
        fedilink
        arrow-up
        0
        ·
        9 months ago

        Not once have I said any of those things. You just see what you want to see and think it’s ok to break the rules as long as no one got hurt… but profiting from fraud is a crime. That’s the facts and that’s why he’s paying.