Donald Trump owes an additional $87,502 in interest every day until he pays the $354 million fine in his civil fraud case, according to ABC News' calculations.

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.

  • gregorum@lemm.eeEnglish
    59·
    9 months ago

    This is a civil trial. He won’t go to jail, they’ll just start seizing his assets.

    • carl_dungeon@lemmy.worldEnglish
      491·
      9 months ago

      I’ll take that too. Looking forward to seizures. Concerned it’ll just never happen :/

      Alex Jones still hasn’t paid shit.

      • HopeOfTheGunblade@kbin.social
        28·
        9 months ago

        I’m pretty sure that’s still advancing. Last I heard the families who won against him were moving towards seizing his assets.

      • gregorum@lemm.eeEnglish
        8·
        9 months ago

        He’s played this weird shell game with his assets and claimed poverty through complex bankruptcy litigations. It’s far from what’s going on with Trump.

        And while Jones may have delayed his fate, he’s still not gonna get away with that shit. Those cases are progressing, we just aren’t hearing a lot about it in the news. 

    • NotMyOldRedditName@lemmy.world
      21·
      9 months ago

      Seize building

      Search building

      Find more classified documents

      I bet you could even strategically seize ones you suspected might have compromising things?

      • tryptaminev 🇵🇸 🇺🇦 🇪🇺@feddit.de
        61·
        9 months ago

        Seizing assets in a civil case is not the same as searching with a warrant and it must not be conflated. Evidence must only be obtained in a lawful manner with the appropriate warrants. Now if something pops up by chance while seizing his assets that’s nice. But the instrument shouldn’t be misused for that.

        • FuglyDuck@lemmy.worldEnglish
          7·
          9 months ago

          If the property changes ownership (aka seized by NY,) the new owners could authorize a search and it would be completely lawful.

          As far as selection of which properties, targeting specific properties may be a bit sus, but i doubt there’s anything opposing it. They have to decide somehow.