Current:Home > NewsTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -Core Financial Strategies
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-16 21:53:03
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! (9915)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Lionel Messi, Inter Miami rely on late goal to keep MLS record pursuit alive
- How many points did Bronny James score tonight? Lakers-Timberwolves preseason box score
- Allan Lichtman shares his 2024 presidential election prediction | The Excerpt
- US appeals court rejects Nasdaq’s diversity rules for company boards
- NFL Week 5 bold predictions: Which players, teams will surprise the most?
- Jamie Foxx's Daughter Corinne Foxx Says She Celebrated Engagement in Dad's Rehab Room Amid Health Crisis
- MLB playoffs: Four pivotal players for ALDS and NLDS matchups
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- City of Boise's video of 'scariest costume ever,' a fatberg, delights the internet
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Opinion: Texas A&M unmasks No. 9 Missouri as a fraud, while Aggies tease playoff potential
- Dodgers' Clayton Kershaw to miss entire 2024 postseason with injury
- Man charged with helping Idaho inmate escape during a hospital ambush sentenced to life in prison
- Sam Taylor
- Ruby Franke's Daughter Slams Trash Lifetime Movie About Her Family
- 'That '90s Show' canceled by Netflix, show's star Kurtwood Smith announces on Instagram
- 'It was just a rug': Police conclude search after Columbus woman's backyard discovery goes viral
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Jamie Foxx's Daughter Corinne Foxx Says She Celebrated Engagement in Dad's Rehab Room Amid Health Crisis
Curbside ‘Composting’ Is Finally Citywide in New York. Or Is It?
Counterfeit iPhone scam lands pair in prison for ripping off $2.5 million from Apple
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Four Downs: A Saturday of complete college football chaos leaves SEC race up for grabs
'That '90s Show' canceled by Netflix, show's star Kurtwood Smith announces on Instagram
Curbside ‘Composting’ Is Finally Citywide in New York. Or Is It?