Current:Home > ContactTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -Dynamic Wealth Solutions
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-18 00:34:32
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! (9863)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Louvre will undergo expansion and restoration project, Macron says
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Trump invites nearly all federal workers to quit now, get paid through September
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Travis Hunter, the 2
- Arkansas State Police probe death of woman found after officer
- Don't let hackers fool you with a 'scam
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
A South Texas lawmaker’s 15
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Former longtime South Carolina congressman John Spratt dies at 82
Could your smelly farts help science?