Current:Home > MyTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -×
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-27 21:01:14
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! (51613)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Secretary of State Blinken is returning to the Mideast in his latest diplomatic foray
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
- Small twin
- Singaporean killed in Johor expressway crash had just paid mum a surprise visit in Genting
- Save 30% on the Perfect Spongelle Holiday Gifts That Make Every Day a Spa Day
- Luigi Mangione merchandise raises controversy, claims of glorifying violence
- This was the average Social Security benefit in 2004, and here's what it is now
- New Jersey, home to many oil and gas producers, eyes fees to fight climate change
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- One Tech Tip: How to protect your communications through encryption
- Hate crime charges dropped against 12 college students arrested in Maryland assault
- Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints
- Luigi Mangione merchandise raises controversy, claims of glorifying violence
- Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
Recommendation
Highlights from Trump’s interview with Time magazine
Kylie Kelce's podcast 'Not Gonna Lie' tops Apple, Spotify less than a week after release
Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers
Shanghai bear cub Junjun becomes breakout star
Current, future North Carolina governor’s challenge of power
Lil Durk suspected of funding a 2022 murder as he seeks jail release in separate case
This house from 'Home Alone' is for sale. No, not that one.
This house from 'Home Alone' is for sale. No, not that one.