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.
Thats hilarious. Wake me up when he actually pays the $300 bajillion dollars.
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.
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
Imagine having been president and contemplating bankruptcy to nullify the case/repayment
(I’m just thinking aloud, hypothetical situation… but lol)
I’m not sure that will absolve him of his lawsuit debts.
Would love to see him go bankrupt, though, that golden facade crumbling.
He won’t. His estate will be seized and liquidated and it won’t even begin to cover the fine, because the value of everything he owns is criminally overinflated.
He’s about to get a huge paper wealth injection with his truth social thing about to go public. Usually you’ve got to prove certain arduous financial metrics to do that, but the SEC is all, “lulz, you’re fine. Go ahead and offer your worthless stock!”
I’ll be curious to see who the biggest “investors” are in that stock. This is set up to be one helluva laundry.
truth social thing
My brain: https://en.m.wikipedia.org/wiki/Pravda
I wonder if Musk will be a big investor. He buys Twotter and ruins it, while Trump opens a competitor platform. Musk buys stock in that so when it IPOs he rakes in the money, all while Twitter users move over to TS to help it sell at the stock price they want.
It’s all make belief, but maybe…
I once typed in the wrong number in my electric bill and got my lights shut off. It was like 10 dollars. Somehow when you’re rich enough you can just choose to pay things or not.
