News @lemmy.world MicroWave @lemmy.world 9 mo. ago

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

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

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.

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308 comments

Thats hilarious. Wake me up when he actually pays the $300 bajillion dollars.
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My entire mortgage is his fucking interest payment, but if I stop paying the fractional payments on it -- which this asshole spends in a day on overcooked steaks and too-long ties -- they'd take my house. Start fucking taking his stuff, goddammit.
$10k would entirely change my life. That's it, that's all I'd need.

I could pay off my debt, then I'd be able to afford a roof over my head.
That's only 220 pairs of sneakers a day
This could really hurt his other legal cases. Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.

And they will be more likely to demand retainer at onset. One recently demanded $3M retainer before starting.
Can we please get a 90 day cap at which point straight to jail?
Does anyone actually believe he's going to pay any of this? I highly doubt it.
That's only $32M per year, seems like not much of a penalty compared to what he's not paying.
I can't imagine 87k per day.

Can I get this in a better metric like number of trump jumps per mooch?
Don't worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.
I love that for him.
I wonder if this will just be another OJ Simpson situation where he owes money but fucks around paying it and the courts never enforce the ruling.
Will this ruling prevent him in any way from taking public office?
Will his GoFundMe keep up with the interest rates? How many Mooches will the rubes last?
Will Papa Putin help him out with this?
NARRATOR: He never paid it.
That’s a lot of shoes.
Damn that's like 5 seconds or almost a full American of debt a day https://www.usdebtclock.org/
When the fuck was the last time you got an interest rate of less than 1%? Look at that shit, that's barely a million over the year, like 0.03%.

Going down in $87k flames is nice, but i'd be happier if it were bigger, that's what I'm saying.
Good. Grab em by the property. They let you do it, y'know, if you're AG.
https://youtu.be/TcpHOpPzgOk?si=dpke1i9NKAQqbOTo
Because these sorts of things never get stayed while appeals are conducted.
Yeah.. right... When's the last time that actually happened? Not even a Trump jab... Fuck politics.
Everyone ITT: "unreasonable and excessive punishment is great as long as it happens to someone I hate"

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