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.
Can we please get a 90 day cap at which point straight to jail?
This is a civil trial. He won’t go to jail, they’ll just start seizing his assets.
Seize building
Search building
Find more classified documents
I bet you could even strategically seize ones you suspected might have compromising things?
Seizing assets in a civil case is not the same as searching with a warrant and it must not be conflated. Evidence must only be obtained in a lawful manner with the appropriate warrants. Now if something pops up by chance while seizing his assets that’s nice. But the instrument shouldn’t be misused for that.
Will this ruling prevent him in any way from taking public office?
That’s $87 000 per day that’s not being spent on campaign advertising and RNC activities, so it may be effectively stopping him get elected in a sense.
It would be worth more than that to people who want to get him elected, and he probably has friends in russia who are willing to spend much more than that on campaign advertising on his behalf.
No, it’s not the one about the 14th amendment. You know this.
Not everyone knows the difference. Or they could be asking if the financial impact could disable him from running.
Fair. I assumed more bad faith than may have actually been present. I’ve seen so many Trump posts I forgot that some people are living the good life where they aren’t seeing multiple lawsuit posts per day…
Also I heard some rumors that a few dozen internet users are from other places than the US and may not have a clue about laws and rules in a foreign country - or may have only heard a few bits and words and are trying to make sense of them.
NARRATOR: He never paid it.
Why should he, when he constantly tries (and somewhat succeed) to find other people that are paying for him?
