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.
It’s still being drug out. He’s lost the case, but tried to hide his assets so that he could declare bankruptcy without actually being bankrupt. The current legal fight is basically to show that he’s being a greedy cunt and to force him to sell the assets he has tried to hide.
They have him dead to rights though. He can drag it out, maybe even for several more years, but they will get their pound of flesh.