'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case
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.
To be fair, Letitia James is now saying she is going to try to seize his assets if he doesn't pay up.
https://www.theguardian.com/us-news/2024/feb/21/letitia-james-trump-assets-seizure-buildings
I hope she is able to do so. It’s pretty clear that TFG will not willingly pay any amount of money.
TFG? the fucking grapefruit? I have no idea what that acronym means.
Probably Trump Financial Group.
Possibly Tiny Flaccid Gimp
The Fucking Grifter
I like this acronym.
So
Many
Possibilities.
Also: The Foreign Goon; and, the Freaking Gonzo
I read it in a thread a while back, That Fucking Guy.
...the former guy...
A judgement is a judgement.
We also live in a world where having enough money allows one to rewrite the rules as they go.
Yeah it's becoming pretty clear this nerd doesn't have any money
Yeah, he has been coasting by on class solidarity and an army of rabid idiots for a while now.
Nerd? I can't tell if you're 12 or 70. We took back that term and Dump is anything but a nerd.
Oh my god... Does that mean.... that.....
.... Something might actually HAPPEN?
Take that hope behind the fucking house and beat it to death, and then shove it way deep down inside where it can never fucking escape again
...where it belongs!
It would be nice. Who knows? It sure is worth trying and she seems to have been doing pretty well so far.
amazing
Imagine having been president and contemplating bankruptcy to nullify the case/repayment
(I'm just thinking aloud, hypothetical situation... but lol)
While some judgments can be cleared with bankruptcy... Judgements based on fraud are not one of those.
I'm not sure that will absolve him of his lawsuit debts.
Would love to see him go bankrupt, though, that golden facade crumbling.
How would it crumble? He's declared bankruptcy so many times, people can't decide if it's 4 or 6.
In spite of that, dumb asses think he's a financial genius.
Because despite declaring bankruptcy, he'd still owe the $350MM + interest.
Bankrupt morally AND financially.
Seizing his gold toilet would be appropriate, since his finances would be in the crapper at that point.