Current:Home > FinanceTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -TrueNorth Finance Path
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
View
Date:2025-04-17 23:54:23
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! (734)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- As 'Twisters' hits theaters, experts warn of increasing tornado danger
- At least 40 dead after boat catches fire as migrants try to escape Haiti, officials say
- Travis and Jason Kelce team up with General Mills to create Kelce Mix Cereal: Here's what it is
- Travis Hunter, the 2
- Inter Miami to honor Lionel Messi’s Copa America title before match vs. Chicago Fire
- Meet Sankofa Video, Books & Café, a cultural hub in Washington, D.C.
- Tampa Bay Rays put top hitter Yandy Diaz on restricted list
- $73.5M beach replenishment project starts in January at Jersey Shore
- We’re Still Talking About These Viral Olympic Moments
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- NASCAR at Indianapolis 2024: Start time, TV, streaming, lineup for Brickyard 400
- Utah scraps untested lethal drug combination for man’s August execution
- Republican field in Michigan Senate race thins as party coalesces around former Rep. Mike Rogers
- Intel's stock did something it hasn't done since 2022
- How to spot misinformation: 5 tips from CBS News Confirmed
- Triple-digit heat, meet wildfires: Parts of US face a 'smoky and hot' weekend
- Meet Sankofa Video, Books & Café, a cultural hub in Washington, D.C.
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Utah State football player dies in an apparent drowning at reservoir
Day of chaos: How CrowdStrike outage disrupted 911 dispatches, hospitals, flights
In New Mexico, a Walk Commemorates the Nuclear Disaster Few Outside the Navajo Nation Remember
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Apparent samurai sword attack leaves woman dead near LA; police investigating
Tech outage latest | Airlines rush to get back on track after global tech disruption
The Barely Recognizable J.D. Vance as Trump’s Vice Presidential Running Mate