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.
When the fuck was the last time you got an interest rate of less than 1%? Look at that shit, that’s barely a million over the year, like 0.03%.
Going down in $87k flames is nice, but i’d be happier if it were bigger, that’s what I’m saying. Commensurate to the dumpster fire that is America.
It’s a 9% interest rate according to the article.
EDIT, and your math is way off:
$87,000 x 365 = $31,755,000
$355,000,000 / $31,755,000 = 11.18%
dumpster fire?
hmm and more.
Let’s see America doesn’t have much IN Country FIGHTING unlike other countries ie: Europe, Russia, Iran, Iraq,etc
figure it out before blasting it out and making yourself Ugly
simple mind indeed! but i did think better of that line and removed it, and now your comment doesn’t make any sense in addition to being flag-waving jackoffery.
good choice! enough said! but flag waving? so anyone stands up for America is Flag Waving? I guess you are Anti-USA good job! that is all!
Frankly? Yeah. The USA mostly fucking sucks these days. The American dream has become to move to Europe. We still have a chance to turn it around but that chance is being squandered.
you sound like a LOSER bye kid! get a F* clue kid. Look at other countries, how messed up they are! Iran/China/Korea/Japan go figure, go back to grade school punk
$87K x 365 is almost $32M.
=/= Enough