Current:Home > reviewsCharles Langston:Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -NextFrontier Finance
Charles Langston:Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
EchoSense Quantitative Think Tank Center View
Date:2025-04-09 18:33:31
In New York,Charles Langston 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! (6198)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Maker of the spicy 'One Chip Challenge' pulls product from store shelves
- Tragic day: 4-year-old twin girls discovered dead in toy chest at Jacksonville family home
- Climate Change is Making It Difficult to Protect Endangered Species
- Military service academies see drop in reported sexual assaults after alarming surge
- Judge orders Louisiana to remove incarcerated youths from the state’s maximum-security adult prison
- Jimmy Fallon reportedly apologizes to Tonight Show staff after allegations of toxic workplace
- Officers shoot and kill ‘agitated’ man in coastal Oregon city, police say
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- New details reveal Georgia special grand jury in Trump election case recommended charges for Lindsey Graham
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Kroger agrees to pay up to $1.4 billion to settle opioid lawsuits
- U.S. Open women's semifinal match delayed by environmental protest
- Hunt for Daniel Abed Khalife, terror suspect who escaped a London prison, enters second day
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Authorities identify remains of 2 victims killed in 9/11 attack on World Trade Center
- Baltimore school police officer indicted on overtime fraud charges
- Kaiser to pay $49 million to California for illegally dumping private medical records, medical waste
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Alabama pursues appeal of ruling striking down districts as racially discriminatory
Florida abortion rights at stake as state Supreme Court takes up challenge to GOP-led restrictions
Horrified judge sends Indianapolis cop to prison for stomping defenseless man's face
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Biden, Modi look to continue tightening US-India relations amid shared concerns about China
America’s retired North Korea intelligence officer offers a parting message on the nuclear threat
A record numbers of children are on the move through Latin America and the Caribbean, UNICEF says