Donald Trump owes an additional $87,502 in interest every day until he pays the $354 million fine in his civil fraud case, according to ABC News' calculations.

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.

  • unreasonabro@lemmy.world
    109·
    9 months ago

    When the fuck was the last time you got an interest rate of less than 1%? Look at that shit, that’s barely a million over the year, like 0.03%.

    Going down in $87k flames is nice, but i’d be happier if it were bigger, that’s what I’m saying.

    • AbsentBird@lemm.ee
      16·
      9 months ago

      It’s a 9% interest rate according to the article.

      EDIT, and your math is way off:
      $87,000 x 365 = $31,755,000
      $31,755,000 / $355,000,000 = 8.95%

    • Minds Agent@lemm.ee
      33·
      9 months ago

      dumpster fire?

      hmm and more.

      Let’s see America doesn’t have much IN Country FIGHTING unlike other countries ie: Europe, Russia, Iran, Iraq,etc

      figure it out before blasting it out and making yourself Ugly

      • unreasonabro@lemmy.world
        31·
        9 months ago

        simple mind indeed! but i did think better of that line and removed it, and now your comment doesn’t make any sense in addition to being flag-waving jackoffery.

        • Minds Agent@lemm.eeEnglish
          24·
          9 months ago

          good choice! enough said! but flag waving? so anyone stands up for America is Flag Waving? I guess you are Anti-USA good job! that is all!

          • skulblaka@startrek.website
            31·
            9 months ago

            Frankly? Yeah. The USA mostly fucking sucks these days. The American dream has become to move to Europe. We still have a chance to turn it around but that chance is being squandered.

            • Minds Agent@lemm.eeEnglish
              12·
              9 months ago

              you sound like a LOSER bye kid! get a F* clue kid. Look at other countries, how messed up they are! Iran/China/Korea/Japan go figure, go back to grade school punk