1008
submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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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[-] FlyingSquid@lemmy.world 167 points 10 months ago

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

[-] SayJess 74 points 10 months ago

I hope she is able to do so. It’s pretty clear that TFG will not willingly pay any amount of money.

[-] Assman@sh.itjust.works 37 points 10 months ago

TFG? the fucking grapefruit? I have no idea what that acronym means.

[-] Mycatiskai@lemmy.ca 44 points 10 months ago

Probably Trump Financial Group.

Possibly Tiny Flaccid Gimp

[-] Thorry84@feddit.nl 34 points 10 months ago
[-] FuglyDuck@lemmy.world 8 points 10 months ago

I like this acronym.

So

Many

Possibilities.

Also: The Foreign Goon; and, the Freaking Gonzo

[-] SayJess 16 points 10 months ago

I read it in a thread a while back, That Fucking Guy.

[-] myrrh@ttrpg.network 6 points 10 months ago

...the former guy...

[-] Jaysyn@kbin.social 17 points 10 months ago
[-] SayJess 39 points 10 months ago

We also live in a world where having enough money allows one to rewrite the rules as they go.

[-] KingJalopy@lemm.ee 18 points 10 months ago

Yeah it's becoming pretty clear this nerd doesn't have any money

[-] maynarkh@feddit.nl 15 points 10 months ago

Yeah, he has been coasting by on class solidarity and an army of rabid idiots for a while now.

[-] somethingsnappy@lemmy.world 12 points 10 months ago

Nerd? I can't tell if you're 12 or 70. We took back that term and Dump is anything but a nerd.

[-] squeakycat@lemmy.ml 28 points 10 months ago

Oh my god... Does that mean.... that.....

.... Something might actually HAPPEN?

[-] FlyingSquid@lemmy.world 5 points 10 months ago

It would be nice. Who knows? It sure is worth trying and she seems to have been doing pretty well so far.

[-] wreckedcarzz@lemmy.world 21 points 10 months ago

Imagine having been president and contemplating bankruptcy to nullify the case/repayment

(I'm just thinking aloud, hypothetical situation... but lol)

[-] halcyoncmdr@lemmy.world 20 points 10 months ago* (last edited 10 months ago)

While some judgments can be cleared with bankruptcy... Judgements based on fraud are not one of those.

[-] SpaceNoodle@lemmy.world 14 points 10 months ago

I'm not sure that will absolve him of his lawsuit debts.

Would love to see him go bankrupt, though, that golden facade crumbling.

[-] ragepaw@lemmy.ca 4 points 10 months ago

How would it crumble? He's declared bankruptcy so many times, people can't decide if it's 4 or 6.

In spite of that, dumb asses think he's a financial genius.

[-] SpaceNoodle@lemmy.world 4 points 10 months ago

Because despite declaring bankruptcy, he'd still owe the $350MM + interest.

[-] prettybunnys@sh.itjust.works 5 points 10 months ago

Bankrupt morally AND financially.

[-] GratefullyGodless@lemmy.world 10 points 10 months ago

Seizing his gold toilet would be appropriate, since his finances would be in the crapper at that point.

this post was submitted on 22 Feb 2024
1008 points (100.0% liked)

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