Current:Home > FinanceTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -AssetBase
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-25 20:29:55
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! (585)
Related
- Intellectuals vs. The Internet
- 9 children dead after old land mine explodes in Afghanistan
- New York man charged with sending threats to state attorney general and judge in Trump civil suit
- Alabama lottery, casino legislation heads to conference committee
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Jack Smith argues not a single Trump official has claimed he declared any records personal
- Nancy Silverton Says This $18 Kitchen Item Changed Her Life
- Are whales mammals? Understanding the marine animal's taxonomy.
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Governor says budgetary cap would limit his immediate response to natural disasters in Kentucky
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Mayoral candidate shot dead in street just as she began campaigning in Mexico
- This fungus turns cicadas into 'zombies' after being sexually transmitted
- What we know: Trump uses death of Michigan woman to stoke fears over immigration
- The White House is cracking down on overdraft fees
- When voters say ‘no’ to new stadiums, what do professional sports teams do next?
- 2024 NBA Playoffs: Bracket, standings, latest playoff picture as playoffs near
- Mike Tyson says he's 'scared to death' ahead of fight vs. Jake Paul
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Police say use of racial slur clearly audible as they investigate racist incidents toward Utah team
Man wins $2.6 million after receiving a scratch-off ticket from his father
Don't touch the alien-like creatures: What to know about the caterpillars all over Florida
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Chance the Rapper and Kirsten Corley announce split after 5 years of marriage
Rangers-Devils game starts with wild line brawl, eight ejections and a Matt Rempe fight
Jay-Z's Made in America festival canceled for second consecutive year