Current:Home > StocksTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -NextGen Capital Academy
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-14 17:22:46
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! (35458)
Related
- A White House order claims to end 'censorship.' What does that mean?
- On Labor Day, think of the children working graveyard shifts right under our noses
- Heat wave to bake Southwest; temperatures could soar as high as 120 degrees
- NFL hot seat rankings: Mike McCarthy, Nick Sirianni among coaches already on notice
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Republicans in Massachusetts pick candidate to take on Sen. Elizabeth Warren
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, This is the Best Day
- Mongolia ignores an international warrant for Putin’s arrest, giving him a red-carpet welcome
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Suspect arrested in killing of gymnastics champion at University of Wisconsin-Whitewater
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Wrong-way crash on Georgia highway kills 3, injures 3 others
- Gwyneth Paltrow Shines a Light on Family Summer Memories With Ex Chris Martin and Their Kids
- Tobey Maguire’s Ex Jennifer Meyer Engaged to Billionaire Heir Geoffrey Ogunlesi
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- The Latest: Presidential campaigns begin sprint to election day
- Florida State coach Mike Norvell addresses 'failure' of stunning 0-2 start
- Queen Camilla Shares Update on King Charles III's Health Amid Cancer Treatment
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Para badminton duo wins silver for USA's first Paralympic medal in sport
Shohei Ohtani back in Anaheim: Dodgers star chases 50-50 before first postseason trip
Mongolia ignores an international warrant for Putin’s arrest, giving him a red-carpet welcome
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
The 49ers place rookie Ricky Pearsall on the non-football injury list after shooting
NASA says 'pulsing sound' inside Boeing Starliner has stopped, won't impact slated return
Do smartphone bans work if parents push back?