'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.
Does anyone actually believe he's going to pay any of this? I highly doubt it.
If he doesn't, the state has the authority to sell off his assets to recoup the money.
He might not have much cash, but New York real estate isn't cheap.
has that bag of shit Alex Jones paid a fucking dime yet?
Not yet but his creditors voted to liquidate his assets yesterday (?). The gears are slowly grinding.
It's still being drug out. He's lost the case, but tried to hide his assets so that he could declare bankruptcy without actually being bankrupt. The current legal fight is basically to show that he's being a greedy cunt and to force him to sell the assets he has tried to hide.
They have him dead to rights though. He can drag it out, maybe even for several more years, but they will get their pound of flesh.
why would you compare that grifter with this basically identical grifter
Jones isn't really analogous.
Trump won't declare bankruptcy.
True.
Him being super rich is an major part of his self-image.
He has done it several times before.
That's fine. He has a lot of properties tha they can -and will- take. He can still appeal, but that might make it even worse, and in the mean time interest is running.
I believe to appeal he first has to put 110% of the amount owing in escrow
110% plus interest
If there's one thing I've learned about Trump over the past decade, it is that he always finds a way to weasel out and somehow manage to get millions of conservative votes in the process.
They've already said they'll seize his ny assets if he refuses to pay.