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.

  • some_designer_dude@lemmy.world
    11·
    9 months ago

    You must see how your scenario differs… It isn’t illegal to lie on a resume, and in this case Trump’s not being asked to give back anywhere near the amount his lies earned him.

    • MacN'CheezusEnglish
      118·
      9 months ago

      Perhaps, but it’s morally objectionable in the same way and for the same reasons as what Trump did. You’re basically just saying “my crime isn’t a crime because it’s technically not illegal”.

      Oh and you’re flat out wrong about the last part, because Trump was fined not only the amount of interest the banks lost out on, but additionally also all of the profit he made from transactions that the money helped facilitate. Plus 9% interest.

      https://fortune.com/2024/02/19/donald-trumps-355-million-civil-fraud-verdict-what-next/

      • charles@lemmy.ca
        8·
        9 months ago

        I mean the definition of crime is literally “an illegal act for which someone can be punished by the government”. So it being “technically illegal” is the basis for it being a crime or not.

        • MacN'CheezusEnglish
          19·
          9 months ago

          Cool, I hope you never get caught doing something that’s technically illegal, such as running a red light on an empty intersection.

          Either way, don’t expect my sympathy when you get caught.

            • MacN'CheezusEnglish
              14·
              9 months ago

              Not usually, but I’d be lying if I said I’ve never done it.