Current:Home > reviewsTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -Momentum Wealth Path
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-12 06:56:21
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! (257)
Related
- Intel's stock did something it hasn't done since 2022
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints
- China's ruling Communist Party expels former chief of sports body
- Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
- All That You Wanted to Know About She’s All That
- She grew up in an Arizona church community. Now, she claims it was actually a religious cult.
- When is the 'Survivor' Season 47 finale? Here's who's left; how to watch and stream part one
- Stock market today: Asian stocks are mixed ahead of key US inflation data
- Tom Holland's New Venture Revealed
- Our 12 favorites moments of 2024
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- KISS OF LIFE reflects on sold
- Beyoncé will perform halftime during NFL Christmas Day Game: Here's what to know
- New Jersey, home to many oil and gas producers, eyes fees to fight climate change
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- ParkMobile $32.8 million settlement: How to join class
- East Coast storm makes a mess at ski resorts as strong winds cause power outages
- Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Stock market today: Asian shares advance, tracking rally on Wall Street
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Secretly recorded videos are backbone of corruption trial for longest
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
The brewing recovery in Western North Carolina
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Follow Your Dreams
Manager of pet grooming salon charged over death of corgi that fell off table