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.
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
I hope she is able to do so. It’s pretty clear that TFG will not willingly pay any amount of money.
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
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.
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.
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.
truth social thing
My brain: https://en.m.wikipedia.org/wiki/Pravda
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…
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.
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.
$10k would entirely change my life. That’s it, that’s all I’d need.
I could pay off my debt, then I’d be able to afford a roof over my head.
Fucking seriously… There is so much money in these asshats hands that he’s dealing with daily interest that amounts to 1.5x my YEARLY income…
the highest salary I’ve ever seen on a tech job posting was 900K, offered by Netflix for a networking god.
Even that guy would be broke by lunch on day 11.
A person so singularly gifted that one of the highest paying companies on the planet had to offer that just to find them, and this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s. Really makes it easy to justify hating these absolute parasites that contribute nothing and own everything.
this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s
Uh, he probably doesn’t have it in cash. He doesn’t have the total amount he owes ($450 million). He might actually need to declare personal bankruptcy to delay payment.
That’s the funniest thing about the GoFundMe set up for him. It’s probably just a scam, but even if they send it to him it’s nowhere near enough. Every day it goes up it just covers the interest owed for that day!
Visualisation of vast wealth - https://mkorostoff.github.io/1-pixel-wealth/?v=3
Sadly a majority of Americans would find 10k quite liberating and it would be a big help.
Given most Americans can’t handle a $1,000 Emergency. Yes $10k would change many lives
I make plenty of money, but the dumb decisions in my past among other things made it so it’s always going to debt, but I can’t climb out of it because of interest, and now that I’ve lost my home (staying with in laws now), my wife spends insane money on door dash, and I can’t get it through her head how expensive and unhealthy it is, and if she really wants fast food, I can go get it. I will literally cook an entire meal, plate it, then hear the doorbell for door dash.
It’s so frustrating and it feels never ending.
That needs to be a serious sit-down conversation. I’d advise against making it about her health because that’s more likely to put her on the defensive and ignore everything else. You could print out a credit card statement to show her how much it’s costing you and what that money could be going towards. Also, it would be worth pointing out how much of the door dash bill is going to tips and delivery fees. I think the issue a lot of people have with door dash is the lack of sticker shock. You don’t notice the impact of a bunch of smaller purchases anywhere near as much as a single big purchase.
That’s only 220 pairs of sneakers a day
