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.
$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.
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.
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.
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I’m not sure how the quality can possibly go any lower
That’s only $32M per year, seems like not much of a penalty compared to what he’s not paying.
A life-ruining amount of daily interest for a normal person is even a blip for a fake, likely broke billionaire.
Until he goes to jail, that interest and that fine isn’t going to matter to him. He can just ride it out until he’s dead.
They need to give him a maximum of 4 months to pay it off or he goes to prison.
Maybe he’ll get Epstiened in there and we can be rid of him for good.
So that he could use not just his life, but also his death to irrevocably harm our democratic norms? Nah, let him hie in hospice while some nurse treats him like the tiresome burden he always has been
Can we please get a 90 day cap at which point straight to jail?
Don’t worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.
Jokes on you, i already wasn’t getting an inheritance
His fundraising has kind of fallen off, I understand the donations aren’t keeping up with all this money going out. It’s hysterical honestly, dude is prob going to die a pauper and ruin his entire legacy which honestly he deserves after what he did to this country.
I can’t imagine 87k per day.
Can I get this in a better metric like number of trump jumps per mooch?
I’d give up my avocado toast AND soy frappucinos for that kind of money.
Will his GoFundMe keep up with the interest rates? How many Mooches will the rubes last?
Less than one. They’re already broke paying his lawyers and, like, voting for corporations and shit.
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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.
Damn that’s like 5 seconds or almost a full American of debt a day https://www.usdebtclock.org/
Good. Grab em by the property. They let you do it, y’know, if you’re AG.
