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.
That’s only 220 pairs of sneakers a day
To him…. That’s a lot of others peoples money.
Other people who will pay for this instead of donating to the RNC. Still a win.
Because these sorts of things never get stayed while appeals are conducted.
Doesn’t he need to put up the money in order to appeal?
yes. in order to appeal this judgement, Trump would have to put up between 120-125% of the $355M judgement (to cover the judgement + interest) in order to file an appeal. He can do this in cash, or he can secure a bond by leveraging his assets as collateral. It’s unclear whether he has that much liquid cash, and it’s unlikely that anyone would be willing to issue a bond for him, especially since any of his assets he might use are marked for asset forfeiture by the State of New York should his appeal fail, as it most assuredly will.
FTA:
Trump will continue to accrue interest on the fine during his lengthy appeal of Engoron’s ruling, unless he deposits the full amount of the fine into an escrow account, according to Thomas.
While Trump’s appeal will prompt an automatic stay of the enforcement of Engoron’s ruling, Trump needs to first put money into an escrow account or post a bond in order to appeal.
If Trump decides to post a bond to cover the fine during his appeal, the interest will continue to accrue during his appeal, adding potentially tens of millions of dollars in the process.
(emphasis added)
What happens if he never pays?
They start seizing property
Yes but when?
After 30 days, enforcement mechanisms can be employed. Not only seizing property, but also garnishment of wages, putting liens on other properties, etc. Trump probably doesn’t completely own all of his properties, and some of his other properties may be already mortgaged up to the hilt, so they may not bear much if they are sold. During the discovery, for all of these enforcement actions, we may all find out that Trump is actually completely broke. That would also be fun.
Wait, other debts take priority over collection by the state?
No. Even says something to that effect that at the end of this article. This whole thing isn’t surviving appeals anyways. Absolute shrill hyperbole over interest rates on loans, not even whether or not he’d have received the loan, but on interest rates. Value of properties is debatable…I remember when I last filled out a mortgage application and valued my possessions, valued my old bike at 5000. The loan officer erased that and wrote in 20 thou. This judge would have called that fraud, but the value really was debatable, I paid 4500 for the bike in a different province a couple years before, meanwhile people were asking 18-20k for them on the local internet sites.
Um you are completely wrong, he does have to post bond or put the money up in order to appeal.
deleted by creator
If you think there is no way to appeal a judgement against you without paying it first, I have a bridge to sell you. Regardless, I didn’t say anything about a bond being required, I said he doesn’t have to pay it to appeal. He doesn’t.
At the end of the article moron.
“While Trump’s appeal will prompt an automatic stay of the enforcement of Engoron’s ruling, Trump needs to first put money into an escrow account or post a bond in order to appeal.”
He cannot appeal unless he puts up the money, and the bitch doesn’t have enough money. So his only option is getting it from someone else, which will be hard for him. Maybe Putin will help our orange wannabe dictator out though ¯\_(ツ)_/¯
Sorry, do you really think your bike is analogous to millions of dollars worth of property?
Did you have an army of accountants with which to determine an appropriate value for said bike?
Way to miss the fucking point
Well one of us sure has.
I can’t imagine 87k per day.
Can I get this in a better metric like number of trump jumps per mooch?
I’d give up my avocado toast AND soy frappucinos for that kind of money.
That’s more than I make in 3 years. In one day. But anyone thinking he’s going to pay anything should go buy a bridge. This is America, people. The most corrupt place on earth.
Criminals run the country, and criminals protect each other.
87 cofefes per hectamooch.
Ahah you misspleeled it
At least 5 Hamberders
Damn that’s like 5 seconds or almost a full American of debt a day https://www.usdebtclock.org/
deleted by creator
Thats hilarious. Wake me up when he actually pays the $300 bajillion dollars.
To be fair, Letitia James is now saying she is going to try to seize his assets if he doesn’t pay up.
https://www.theguardian.com/us-news/2024/feb/21/letitia-james-trump-assets-seizure-buildings
Oh my god… Does that mean… that…
… Something might actually HAPPEN?
It would be nice. Who knows? It sure is worth trying and she seems to have been doing pretty well so far.
Take that hope behind the fucking house and beat it to death, and then shove it way deep down inside where it can never fucking escape again
…where it belongs!
Seizing his gold toilet would be appropriate, since his finances would be in the crapper at that point.
I hope she is able to do so. It’s pretty clear that TFG will not willingly pay any amount of money.
TFG? the fucking grapefruit? I have no idea what that acronym means.
I read it in a thread a while back, That Fucking Guy.
…the former guy…
Probably Trump Financial Group.
Possibly Tiny Flaccid Gimp
The Fucking Grifter
I like this acronym.
So
Many
Possibilities.
Also: The Foreign Goon; and, the Freaking Gonzo
A judgement is a judgement.
We also live in a world where having enough money allows one to rewrite the rules as they go.
Yeah it’s becoming pretty clear this nerd doesn’t have any money
Yeah, he has been coasting by on class solidarity and an army of rabid idiots for a while now.
Nerd? I can’t tell if you’re 12 or 70. We took back that term and Dump is anything but a nerd.
Imagine having been president and contemplating bankruptcy to nullify the case/repayment
(I’m just thinking aloud, hypothetical situation… but lol)
I’m not sure that will absolve him of his lawsuit debts.
Would love to see him go bankrupt, though, that golden facade crumbling.
How would it crumble? He’s declared bankruptcy so many times, people can’t decide if it’s 4 or 6.
In spite of that, dumb asses think he’s a financial genius.
Because despite declaring bankruptcy, he’d still owe the $350MM + interest.
Bankrupt morally AND financially.
While some judgments can be cleared with bankruptcy… Judgements based on fraud are not one of those.
amazing
He won’t. His estate will be seized and liquidated and it won’t even begin to cover the fine, because the value of everything he owns is criminally overinflated.
because the value of everything he owns is criminally overinflated
You say that now, but just wait until the cult starts collecting money to pay those overinflated prices for their lord and savior…
I guess they will have to take his golden slippers.
The goal is to sell it off for profit…
Not take on extra debt…
He’s about to get a huge paper wealth injection with his truth social thing about to go public. Usually you’ve got to prove certain arduous financial metrics to do that, but the SEC is all, “lulz, you’re fine. Go ahead and offer your worthless stock!”
I’ll be curious to see who the biggest “investors” are in that stock. This is set up to be one helluva laundry.
And Truth Social can be openly sold to foreign "investors."Is not like campaign money where they have to launder the money first.
It’s the same reason he has NFTs and sneakers. It’s all to get that Saudi and Russian money.
I wonder if Musk will be a big investor. He buys Twotter and ruins it, while Trump opens a competitor platform. Musk buys stock in that so when it IPOs he rakes in the money, all while Twitter users move over to TS to help it sell at the stock price they want.
It’s all make belief, but maybe…
truth social thing
My brain: https://en.m.wikipedia.org/wiki/Pravda
I once typed in the wrong number in my electric bill and got my lights shut off. It was like 10 dollars. Somehow when you’re rich enough you can just choose to pay things or not.
Wow. That’s shit. And if it happened in US, then it is unlikely to be illegal like in the rest of the world.
I love that for him.
My entire mortgage is his fucking interest payment, but if I stop paying the fractional payments on it – which this asshole spends in a day on overcooked steaks and too-long ties – they’d take my house. Start fucking taking his stuff, goddammit.
Don’t worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.
Jokes on you, i already wasn’t getting an inheritance
So you are saying they are now taxing stupid?
His fundraising has kind of fallen off, I understand the donations aren’t keeping up with all this money going out. It’s hysterical honestly, dude is prob going to die a pauper and ruin his entire legacy which honestly he deserves after what he did to this country.
Woe to the person who is going to have to scrub the shit and piss off that gravesite.
Can we please get a 90 day cap at which point straight to jail?
This is a civil trial. He won’t go to jail, they’ll just start seizing his assets.
I’ll take that too. Looking forward to seizures. Concerned it’ll just never happen :/
Alex Jones still hasn’t paid shit.
I’m pretty sure that’s still advancing. Last I heard the families who won against him were moving towards seizing his assets.
He’s played this weird shell game with his assets and claimed poverty through complex bankruptcy litigations. It’s far from what’s going on with Trump.
And while Jones may have delayed his fate, he’s still not gonna get away with that shit. Those cases are progressing, we just aren’t hearing a lot about it in the news. 
Yea he did one of the things you never do (unless you’re Trump), fuck with judges. He started hiding his shit after the judge told him to pay up. They’re out for blood.
oh, he was shuffling his assets around long before the judges told him to stop because he knew what was coming.
They gonna seize his shit too. Either pay up or lose it all
I wish they’d start with his headets.
What?
Head-ets, like ass-ets. Took me a sec
There’s no assets in his head to speak of.
Sure there is. It would make a good conversation piece stuffed and mounted on the wall of Letitia James’s den.
Or mounted on a pike at the gate of either the White House or the Capitol.
lmao
Seize building
Search building
Find more classified documents
I bet you could even strategically seize ones you suspected might have compromising things?
Seizing assets in a civil case is not the same as searching with a warrant and it must not be conflated. Evidence must only be obtained in a lawful manner with the appropriate warrants. Now if something pops up by chance while seizing his assets that’s nice. But the instrument shouldn’t be misused for that.
If the property changes ownership (aka seized by NY,) the new owners could authorize a search and it would be completely lawful.
As far as selection of which properties, targeting specific properties may be a bit sus, but i doubt there’s anything opposing it. They have to decide somehow.
Yeah… right… When’s the last time that actually happened? Not even a Trump jab… Fuck politics.
I’ll be back in a few months when something happens
That’s only $32M per year, seems like not much of a penalty compared to what he’s not paying.
A life-ruining amount of daily interest for a normal person is even a blip for a fake, likely broke billionaire.
Until he goes to jail, that interest and that fine isn’t going to matter to him. He can just ride it out until he’s dead.
They need to give him a maximum of 4 months to pay it off or he goes to prison.
Maybe he’ll get Epstiened in there and we can be rid of him for good.
So that he could use not just his life, but also his death to irrevocably harm our democratic norms? Nah, let him hie in hospice while some nurse treats him like the tiresome burden he always has been
I just hope the dementia holds off so he knows and understands how much he’s suffering. It’s still going to be nothing compared to the suffering this piece of shit has caused so many others.
They need to give him a maximum of 4 months to pay it off or he goes to prison.
No, they need to just start seizing assets immediately once the deadline is reached.
Letitia James has made it absolutely clear that is precisely what she will be doing. 
He’s not broke, but he’s also not as wealthy as he claims. The wealth he does have is all tied up in real estate assets, which again aren’t worth as much as he likes to claim. That’s what this whole case was about.
That’s what this whole case was about.
I’m still confused on this one. So he claimed his real estate was worth more than it actually was to try to get better loan terms, the bank never bothered to look at the property at all (normally they have someone assess assets like that or other things that don’t have a clear fixed value), they gave him the loan, he repaid it and both he and the bank were both happy with the result? Who was defrauded, then?
The crime was against the state of New York who has an interest in people believing New York has a free and fair financial market and that fraud is not tolerated.
The bank WAS also harmed. They were taking a bigger risk than they were being paid for. They would have asked for MORE interest if he’d been honest.
The more confusing thing is that the bank just took his word for it. When I got my mortgage refinanced in 2021 they didn’t simply ask me what I thought my house was worth. They made me pay for someone to come look at it and take pictures of it.
So he claimed his real estate was worth more than it actually was to try to get better loan terms,
Yes, and that’s illegal whether anyone was actually hurt or not. Because it could potentially cause a lot of harm to both the banks and the government that would have to step in if the banks can’t cover the potential losses. That then gets passed on to the tax payers. And it’s not like he just did it once and said he was sorry. He did it repeatedly for decades, and shows no indication that he intends to stop doing it in the future unless someone holds him accountable.
We don’t give people speeding tickets because we think they ran over a pedestrian 5 miles back. We do it to try and get them to stop before that happens.
The fraud is the act, whether or not it was successful. It’s not just a crime when he fails, the bank doesn’t have the assets they were promised, and the government has to bail them out.
I barely grasp it too but I believe what you stated is half of the issue. The other half is that he claimed to the irs that the same building was worth significantly less in order to pay less taxes. Ergo he lied to both the bank and the government.
Also I’m not actually sure if he finished paying the bank, even if he had a perfect payment record so far if he decided to stop paying and they had to sell the building they wouldn’t necessarily get all of the loan money back because the building isn’t worth what they loaned him based on his false claims, assuming I explained it in a way that makes sense.
Will his GoFundMe keep up with the interest rates? How many Mooches will the rubes last?
deleted by creator
Less than one. They’re already broke paying his lawyers and, like, voting for corporations and shit.
I believe it’s currently in excess of the interest. I don’t expect it to stay that way.
