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.

  • CeruleanRuin@lemmy.world
    link
    fedilink
    English
    arrow-up
    54
    ·
    1 year ago

    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.

  • Copythis@lemmy.world
    link
    fedilink
    arrow-up
    51
    ·
    1 year ago

    $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.

  • Pretzilla@lemmy.world
    link
    fedilink
    arrow-up
    45
    ·
    1 year ago

    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.

  • ripcord@lemmy.world
    link
    fedilink
    arrow-up
    38
    ·
    1 year ago

    That’s only $32M per year, seems like not much of a penalty compared to what he’s not paying.

    • The Snark Urge@lemmy.world
      link
      fedilink
      English
      arrow-up
      40
      ·
      1 year ago

      A life-ruining amount of daily interest for a normal person is even a blip for a fake, likely broke billionaire.

      • RGB3x3@lemmy.world
        link
        fedilink
        English
        arrow-up
        16
        ·
        1 year ago

        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.

        • The Snark Urge@lemmy.world
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          1
          ·
          1 year ago

          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

    • gregorum@lemm.ee
      link
      fedilink
      English
      arrow-up
      46
      ·
      1 year ago

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

      • carl_dungeon@lemmy.world
        link
        fedilink
        English
        arrow-up
        38
        ·
        1 year ago

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

        Alex Jones still hasn’t paid shit.

        • gregorum@lemm.ee
          link
          fedilink
          English
          arrow-up
          8
          ·
          edit-2
          1 year 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. 

          • Riven@lemmy.dbzer0.com
            link
            fedilink
            arrow-up
            4
            ·
            1 year ago

            Yea he did one of the things you never do (unless you’re Trump), fuck with judges. He started hiding his shit after the judge told him to pay up. They’re out for blood.

            • gregorum@lemm.ee
              link
              fedilink
              English
              arrow-up
              2
              ·
              1 year ago

              oh, he was shuffling his assets around long before the judges told him to stop because he knew what was coming.

      • NotMyOldRedditName@lemmy.world
        link
        fedilink
        arrow-up
        13
        ·
        edit-2
        1 year ago

        Seize building

        Search building

        Find more classified documents

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

  • GiddyGap@lemm.ee
    link
    fedilink
    arrow-up
    32
    arrow-down
    2
    ·
    1 year ago

    Does anyone actually believe he’s going to pay any of this? I highly doubt it.

  • Dkarma@lemmy.world
    link
    fedilink
    arrow-up
    28
    ·
    1 year ago

    I can’t imagine 87k per day.

    Can I get this in a better metric like number of trump jumps per mooch?

  • robocall@lemmy.world
    link
    fedilink
    arrow-up
    28
    ·
    1 year ago

    Don’t worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.

    • Bizzle@lemmy.world
      link
      fedilink
      English
      arrow-up
      21
      ·
      1 year ago

      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.

  • dangblingus@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    12
    ·
    1 year ago

    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.

    • TehWorld@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Absolutely. Putin is said to be a trillionaire. The difference between Trump’s net worth and Putin’s is “about a trillion”. Putin is just going to purchase the US by bankrolling Trump and the Republican party.

    • Buddahriffic@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Reading up on them, apparently they made 1000, 10 signed by el cheeto himself, and they were priced at $400. So even assuming he makes 100% of that as profit (which he might if the manufacturer didn’t insist he pay up front for them), that’s still less than a business week worth of interest. Though the price of those 10 signed could add another day or two, depending on how ridiculous he went with the price.