Current:Home > StocksTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -Infinite Edge Capital
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-12 23:56:38
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! (3)
Related
- North Carolina justices rule for restaurants in COVID
- White job candidates are more likely to get hired through employee referrals. Here's why.
- How a Fight With Abby Lee Miller Ended Brooke and Paige Hyland's Dance Moms Careers
- Canucks knock out Predators with Game 6 victory, will face Oilers
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Alabama court won’t revisit frozen embryo ruling
- Summer heat hits Asia early, killing dozens as one expert calls it the most extreme event in climate history
- US Rep. Henry Cuellar of Texas denies wrongdoing amid reports of pending indictment
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The Idea of You Author Robinne Lee Has Eyebrow-Raising Reaction to Movie's Ending
Ranking
- All That You Wanted to Know About She’s All That
- New Jersey Sen. Bob Menendez wants psychiatrist to testify about his habit of stockpiling cash
- Kevin Spacey hits back at documentary set to feature allegations 'dating back 48 years'
- Wisconsin Supreme Court will decide whether mobile voting sites are legal
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Former Boy Scout volunteer sentenced to 22 years in prison for hiding cameras in camp bathrooms
- A shooting over pizza delivery mix-up? Small mistakes keep proving to be dangerous in USA.
- Hawaii lawmakers wrap up session featuring tax cuts, zoning reform and help for fire-stricken Maui
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Who should be the Lakers' next coach? Ty Lue among leading candidates
Troops fired on Kent State students in 1970. Survivors see echoes in today’s campus protest movement
Justin Hartley shifts gears in new drama Tracker
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Katie Ledecky, Jim Thorpe among 2024 Presidential Medal of Freedom recipients by Joe Biden
Judge in Trump’s hush money case clarifies gag order doesn’t prevent ex-president from testifying
Canucks knock out Predators with Game 6 victory, will face Oilers