Current:Home > NewsTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day-VaTradeCoin
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
lotradecoin market depth insights View Date:2024-12-25 23:13:14
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! (3648)
Related
- Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
- How to Google better: 7 tricks to get better results when searching
- 2024 NFL free agency updates: Tracker for Tuesday buzz, notable moves with big names still unclaimed
- Inflation data from CPI report shows sharper price gains: What it means for Fed rate cuts.
- Gen Z is 'doom spending' its way through the holidays. What does that mean?
- Tennessee headlines 2024 SEC men's basketball tournament schedule, brackets, storylines
- 'Heartbreaking': 3 eggs of beloved bald eagle couple Jackie and Shadow unlikely to hatch
- 'Station 19' Season 7: Cast, premiere date, how to watch and stream the final season
- North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline
- 'Devastating': Missing Washington woman's body found in Mexican cemetery, police say
Ranking
- North Carolina announces 5
- 3 women and dog found dead, man fatally shot by police in North Las Vegas: Police
- Republican New Mexico Senate leader won’t seek reelection
- Judge halted Adrian Peterson auction amid debt collection against former Vikings star
- Sabrina Carpenter Shares Her Self
- Olivia Munn Shares Breast Cancer Diagnosis
- Israel likely to face Hamas resistance for years to come, U.S. intelligence assessment says
- US and Japanese forces to resume Osprey flights in Japan following fatal crash
Recommendation
-
Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
-
Mega Millions Winning numbers for March 12 drawing, with $735 million jackpot
-
‘The Fall Guy,’ a love letter to stunt performers, premieres at SXSW
-
US energy industry methane emissions are triple what government thinks, study finds
-
'The Later Daters': Cast, how to stream new Michelle Obama
-
2024 Oscars ratings reveal biggest viewership in 4 years
-
Reba McEntire turns for superfan L. Rodgers on 'The Voice' in emotional audition: 'Meant to be'
-
8 children, 1 adult die after eating sea turtle meat in Zanzibar, officials say