'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case

MicroWave@lemmy.world to News@lemmy.world – 1003 points – 'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case
abcnews.go.com

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.

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Will this ruling prevent him in any way from taking public office?

That's $87 000 per day that's not being spent on campaign advertising and RNC activities, so it may be effectively stopping him get elected in a sense.

It would be worth more than that to people who want to get him elected, and he probably has friends in russia who are willing to spend much more than that on campaign advertising on his behalf.

Nah, it's another one of those "there's no laws about this because we assumed no one would elect an overtly corrupt grifter" type situations.

Nope.

In a well ordered world it should, but apparently he can even run if he's in prison...

How do you think it plays out if they are successful in their attempts to get trump not to be able to run for election?

Nikki Haley runs instead?

Only big business likes Haley. Do you not think the MAGA people wont get angry and could rightly say the election has been tampered with?

The MAGA people will write in "Trump" no matter what

But then he will still lose, and they will rightly feel that the election was tampered with. Do you think they will just accept that?

What are you talking about. This is a due justice process, with a sentencing. I was just curious if such a sentencing would prevent taking public office.

Its due process in an unjust way. Do you think that all of these cases just happen to pop up when he was running for president? Its using the government to attack a political rival.

No, it's not the one about the 14th amendment. You know this.

Not everyone knows the difference. Or they could be asking if the financial impact could disable him from running.

Fair. I assumed more bad faith than may have actually been present. I've seen so many Trump posts I forgot that some people are living the good life where they aren't seeing multiple lawsuit posts per day...

Also I heard some rumors that a few dozen internet users are from other places than the US and may not have a clue about laws and rules in a foreign country - or may have only heard a few bits and words and are trying to make sense of them.