Current:Home > reviewsPoinbank:Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -FinanceAcademy
Poinbank:Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
Burley Garcia View
Date:2025-04-07 12:06:34
In New York,Poinbank 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! (26)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Dancing With the Stars' Brooks Nader Reveals Relationship Status During Debut With Gleb Savchenko
- Emily Deschanel on 'uncomfortable' and 'lovely' parts of rewatching 'Bones'
- NAACP president urges Missouri governor to halt execution planned for next week
- Former Syrian official arrested in California who oversaw prison charged with torture
- California governor signs laws to crack down on election deepfakes created by AI
- Amazon announces dates for its October Prime Day sales
- Harassment case dismissed against Alabama transportation director
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Vermont town official, his wife and her son found shot to death in their home
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Jason Kelce Has Cheeky Response to Critic “Embarrassed” by His Dancing
- Riding wave of unprecedented popularity, WNBA announces 15th team will go to Portland
- NFL power rankings Week 3: Chiefs still No. 1, but top five overhaul occurs after chaotic weekend
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Kate Middleton Reaches New Milestone After Completing Chemotherapy for Cancer
- For families of Key Bridge collapse victims, a search for justice begins
- Vanderpump Rules’ Lala Kent Shares First Photo of Baby Girl Sosa's Face
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Melania Trump to give 'intimate portrait' of life with upcoming memoir
Ellen DeGeneres Addresses Workplace Scandal in Teaser for Final Comedy Special
Most maternal deaths can be prevented. Here’s how California aims to cut them in half
Questlove charts 50 years of SNL musical hits (and misses)
Texas pipeline fire continues to burn in Houston suburb after Monday's explosion
Why Deion Sanders believes Travis Hunter can still play both ways in NFL
Eva Mendes Reveals Whether She'd Ever Return to Acting