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submitted 9 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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[-] Passerby6497@lemmy.world 15 points 9 months ago

Will his GoFundMe keep up with the interest rates? How many Mooches will the rubes last?

[-] normanwall@lemmy.world 5 points 9 months ago

A Mooch becoming a unit of time and Sean Spicer hiding in the bushes were the best part of his presidency

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[-] Pratai@lemmy.cafe 14 points 9 months ago

NARRATOR: He never paid it.

[-] elvith@feddit.de 8 points 9 months ago

Why should he, when he constantly tries (and somewhat succeed) to find other people that are paying for him?

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[-] jaschen@lemm.ee 13 points 9 months ago

Will Papa Putin help him out with this?

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[-] unreasonabro@lemmy.world 11 points 9 months ago* (last edited 9 months ago)

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.

[-] EssentialCoffee@midwest.social 13 points 9 months ago

$87K x 365 is almost $32M.

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[-] Linkerbaan@lemmy.world 10 points 9 months ago

Damn that's like 5 seconds or almost a full American of debt a day https://www.usdebtclock.org/

[-] ULS@lemmy.ml 5 points 9 months ago* (last edited 9 months ago)

Yeah.. right... When's the last time that actually happened? Not even a Trump jab... Fuck politics.

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

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