Current:Home > ContactTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -FinTechWorld
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-15 14:45:37
In New York, former President Donald Trump's bills are racking up. The judgment in his civil fraud trial was officially entered with the court today — $454,156,783.05 for him alone, plus Trump is now accruing over $100,000 of post-judgment interest each day.
This is on top of the recent $83.3 million verdict against him in the E. Jean Carroll defamation trial.
Trump and the other defendants in the civil fraud case — his sons Donald Jr. and Eric Trump, and two other Trump Organization executives — have 30 days to appeal the decision by Judge Arthur Engoron, which found them liable for fraud for misrepresenting the value of Trump properties.
Trump has denied wrongdoing and vowed to appeal, calling the case a politically motivated "witch hunt."
New York Attorney General Letitia James could enforce this judgment by freezing Trump's bank accounts and selling off his properties. James has said she has her eye on Trump's 40 Wall Street skyscraper. To prevent such actions, Trump either has to post a bond or deposit money with the court — likely at least the full amount of the judgment, the Attorney General's Office said, and possibly additional funds to cover post-judgment interest that will continue to accrue during the appeal process.
The final monetary judgment entered, including about $100 million in pre-judgment interest, totals $464,576,230.62 for all the defendants. Starting today, post-judgment interest also begins accruing at 9% per annum. That's a total of $114,553.04 interest per day, with $111,983.86 just for Trump.
Trump and the other defendants had asked Engoron to stay enforcement of the judgment for 30 days to "allow for an orderly post-Judgment process, particularly given the magnitude of the Judgment."
Engoron denied the request, saying: "You have failed to explain, much less justify, any basis for a stay."
- In:
- The Trump Organization
- Donald Trump
veryGood! (22769)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Harry Potter's Bonnie Wright Shared She's Frustrated Over Character Ginny's Lack of Screen Time
- Out of work actors sign up for Cameo video app for cash
- Defrocked Cardinal Theodore McCarrick not competent to be tried on sex abuse charges, Massachusetts judge rules
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Georgia sheriff dies after car hits tree and overturns
- 2 men, 4 children hospitalized after Illinois shooting
- 2 men, 4 children hospitalized after Illinois shooting
- A South Texas lawmaker’s 15
- After Jacksonville shootings, historically Black colleges address security concerns, remain vigilant
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Trump overstated net worth by up to $2.2 billion, New York attorney general says
- University of North Carolina students rally for gun safety after fatal shooting of faculty member
- Howie Mandel defends his shot at Sofía Vergara's single status: 'It's open season, people!'
- Tom Holland's New Venture Revealed
- ‘The Equalizer 3’: All your burning questions about the Denzel Washington movie answered
- Japan’s Sogo & Seibu department stores are being sold to a US fund as 900 workers go on strike
- Locomotive manufacturer, union reach tentative deal to end 2-month strike
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Investigation finds boy band talent agency founder sexually assaulted hundreds of teens
Stephen Colbert, Jimmy Kimmel and others start podcast about Hollywood strikes together
Seven other young NFL quarterbacks in jeopardy of suffering Trey Lance's fate
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Crown hires ‘Big Little Lies’ publisher Amy Einhorn to boost its fiction program
Body of 12-year-old boy with gunshot wound found in Philadelphia dumpster
Trump launched an ambitious effort to end HIV. House Republicans want to defund it.