Trump Faces Daily $87K Interest on $354M Civil Fraud Fine

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Source: ABC News
Trump Faces Daily $87K Interest on $354M Civil Fraud Fine
Photo: ABC News
TL;DR Summary

Former President Donald Trump owes $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, with interest accruing at a rate of 9% annually. New York Attorney General Letitia James has vowed to enforce the judgment, including seizing Trump's assets if necessary. Trump's adult sons and former Trump Organization CFO also face fines and interest. Trump's appeal will prompt an automatic stay of the ruling's enforcement, but he must deposit the full amount into an escrow account or post a bond to halt interest accrual.

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