Current:Home > NewsTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -ThriveEdge Finance
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-25 20:08:29
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! (7737)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Grizzlies star Ja Morant will have shoulder surgery, miss remainder of season
- Family-run businesses, contractors and tens of thousands of federal workers wait as Congress attempts to avoid government shutdown
- Classes resume at Michigan State building where 2 students were killed
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Argentines ask folk cowboy saint Gauchito Gil to help cope with galloping inflation
- North Carolina insurance industry proposes average 42% homeowner premium increase
- JetBlue's CEO to step down, will be replaced by 1st woman to lead a big U.S. airline
- A South Texas lawmaker’s 15
- A Communist candidate gets approval to run in the Russian presidential election
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- NFL mock draft 2024: J.J. McCarthy among four QBs to be first-round picks
- Gaza cease-fire protests block New York City bridges, and over 300 are arrested
- Arizona Governor Vows to Update State’s Water Laws
- Meet first time Grammy nominee Charley Crockett
- Iowa Legislature reconvenes with subdued start ahead of presidential caucuses
- Arrest warrant issued for Montana man accused of killing thousands of birds, including eagles
- Trump seeks dismissal of Georgia criminal case, citing immunity and double jeopardy
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Massive winter storm moves across central US, bringing heavy snow, winds: Live updates
Ford, Hyundai, BMW among 140,000 vehicles recalled: Check car recalls here
A 5-year-old boy was shot and killed while getting his hair cut, Alabama police say
The company planning a successor to Concorde makes its first supersonic test
Florence Pugh Rocks Fierce Faux-Hawk and Nipple-Baring Dress at the 2024 Golden Globes
Inside Kylie Jenner and Timothée Chalamet's PDA-Packed Date Night at the 2024 Golden Globes
Some are leaving earthquake-rattled Wajima. But this Japanese fish seller is determined to rebuild