Current:Home > ContactTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -ProfitQuest Academy
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-12 21:59:06
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! (4)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- CrowdStrike sued by shareholders over huge software outage
- Carrie Underwood will return to ‘American Idol’ as its newest judge
- 26 people taken to hospital after ammonia leak at commercial building in Northern Virginia
- Meta releases AI model to enhance Metaverse experience
- Connecticut man bitten by rare rattlesnake he tried to help ends up in coma
- Chris Evans Reveals If His Dog Dodger Played a Role in His Wedding to Alba Baptista
- Missouri bans sale of Delta-8 THC and other unregulated CBD intoxicants
- The Super Bowl could end in a 'three
- The Daily Money: Rate cuts coming soon?
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Macy Gray Details TMI Side Effect While Taking Ozempic
- Former Michigan State football coach Mel Tucker sues university over his firing
- 'Batman: Caped Crusader' is (finally) the Dark Knight of our dreams: Review
- Federal hiring is about to get the Trump treatment
- Olympics live updates: Katie Ledecky makes history, Simone Biles wins gold
- Prize money for track & field Olympic gold medalists is 'right thing to do'
- Can I afford college? High tuition costs squeeze out middle-class students like me.
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Missouri bans sale of Delta-8 THC and other unregulated CBD intoxicants
A sign spooky season is here: Spirit Halloween stores begin opening
An 'asymmetrical' butt? Why Lululemon pulled its new leggings off shelves
The White House is cracking down on overdraft fees
Lee Kiefer and Lauren Scruggs lead U.S. women to fencing gold in team foil at Paris Olympics
14 sex buyers arrested, 10 victims recovered in human trafficking sting at Comic-Con
Regan Smith, Phoebe Bacon advance to semis in women's 200-meter backstroke