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.