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

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.
- 'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case ABC News
- Who is Arthur Engoron, the judge who ordered Trump to pay $350M in NY civil fraud case? Fox News
- MAGA Trucker Does A 180 After Trying To Start A Boycott Of NYC Over Donald Trump's $355M Fine Yahoo Entertainment
- Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine ABC News
- Donald Trump owes $87K daily interest on historic fraud penalties New York Daily News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
88%
797 → 98 words
Want the full story? Read the original article
Read on ABC News