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.
Sadly a majority of Americans would find 10k quite liberating and it would be a big help.
Given most Americans can’t handle a $1,000 Emergency. Yes $10k would change many lives
https://thehill.com/blogs/blog-briefing-room/4428193-most-americans-cant-afford-1000-emergency-survey/
I make plenty of money, but the dumb decisions in my past among other things made it so it’s always going to debt, but I can’t climb out of it because of interest, and now that I’ve lost my home (staying with in laws now), my wife spends insane money on door dash, and I can’t get it through her head how expensive and unhealthy it is, and if she really wants fast food, I can go get it. I will literally cook an entire meal, plate it, then hear the doorbell for door dash.
It’s so frustrating and it feels never ending.