'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.
But in doing so you illustrate how you miss the point.
We don’t drag Trump through the courts because we hate him. We hate him for his crimes, and the courts are where we prove them.
Do you hate Biden for his crimes as well? Should he be brought to justice too, or is that different?
If he committed crimes and is found to be guilty then toss him in with the rest of the criminals. I don't think anyone here has an issue with that. The only issue would be with "crimes" that only seem to have evidence in the hands of political actors that never seem to end up in the hands of the justice system so they can actually do something about it, the mysterious hunter laptop that UPS magically lost from the blind repair guy who decided to look into it comes to mind.
Unfortunately in our society we are the only ones that face justice. If you're rich or in politics you get to point the finger elsewhere and cry "unfair bias!" or for the wealthy, just pay a lawyer to make it all go away.
The laptop was authentic, even the FBI has admitted that by now. Stop spreading misinformation.
https://judiciary.house.gov/media/press-releases/testimony-reveals-fbi-employees-who-warned-social-media-companies-about-hack
https://www.msn.com/en-us/news/politics/fbi-knew-the-hunter-biden-laptop-was-real-in-2019-irs-whistleblowers-say/ar-AA1cUoyd
The 51 intelligence officials who signed a letter saying that it was "Russian disinformation" have since been identified as part of a Biden campaign operation to help get him elected.
https://www.nytimes.com/2023/05/16/us/politics/republicans-hunter-biden-laptop.html
According to some polls, almost 20% of Biden voters said they would have changed their vote to Trump if they had known that the laptop was authentic (disregard the "false" rating here, that applies to the 53% that was originally claimed. I'm referring to the 19.6% figure they say is accurate, because it likely would have still been enough to change the outcome).
So, now that you know this, what should be done about this? Biden clearly lied to the public and obtained his victory under false pretenses. Seems far more serious of a crime than cheating a bank out of a few million dollars in interest, no?
How about we do Trump first, and then Biden?
Yeah, right.