Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case.
Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.
Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.
Oh gotcha, you dont actually understand what is happening in the case.
You’ve done a pretty good job establishing your ignorance. Don’t hurt yourself with the mental gymnastics.
Oh yeah, doing real estate for decades makes me super ignorant about real estate financing… Is that the best insult you got?
I don’t see what more needs to be said. You’re ignoring every fact in the case as hard as you can. Quit embarrassing yourself. Good day.
Again, you literally dont know what the case is about. You can keep getting your news from partisan hacks if you want, but then you are always going to just be repeating lies. Literally listen to any non partisan person who knows real estate and they will tell you the same thing. For example take Kevin O Leary and see what he has to say. Or I guess you can just keep your fingers in your ears if you wish.