New York state Attorney General Letitia James (D) is posting a daily score of the added interest in the fine imposed on President Trump by Judge Engoron in the judgment in the civil case accusing Trump of inflating property values. Trump denies the charges. Lenders to Trump have not claimed fraud against him and have testified they were paid back in full and would gladly do business with Trump again.
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In addition to barring Trump from doing business in New York for three years, the fine imposed by Engoron on February 16 in the non-jury trial case is about $355,000,000, however interest has pushed the amount to over $454,000,000 according to on entry by the clerk of the court on Friday (excerpt from ABC News):
The clerk for New York County’s Supreme Court signed and entered the judgment order Friday in former President Donald Trump’s civil fraud case, in which he owes $355 million in fines plus approximately $100 million in interest.
Shortly after, New York Attorney General Letitia James filed a notice of entry in the case, which started the clock on Trump’s financial penalties in the case, which come to $454,156,783 in disgorgement and pre-judgment interest.
Trump now has 30 days to appeal the case to New York’s Appellate Division, First Department. In order to stay the execution of the fine in the case, the former president needs to post a bond or put cash into an escrow account to cover the fines plus interest, according to James.
…Until he places the full amount of the fine into an escrow account, Trump will owe 9% interest on the full judgment, or over $3 million per month.
A timeline of the case from last year can be read at this link.
Starting on Friday after she filed the notice of entry for the accumulated $454 million fine and interest, James has posted a daily tabulation.
Friday: “$464,576,230.62”
$464,576,230.62
— NY AG James (@NewYorkStateAG) February 23, 2024
Saturday: “+$114,553.04”
+$114,553.04 https://t.co/YySFtkX0i4
— NY AG James (@NewYorkStateAG) February 24, 2024
Sunday: “+$114,553.04 = $464,805,336.70”
+$114,553.04 = $464,805,336.70 https://t.co/gugrACDTpC
— NY AG James (@NewYorkStateAG) February 25, 2024
Last week James told ABC News she is prepared to seize Trump’s
buildings in New York to pay the fine, “”We are prepared to make sure
that the judgement is paid to New Yorkers. And yes, I look at 40 Wall
Street each and every day.”
NY Attorney General Letitia James says she's ready to seize former Pres. Donald Trump's buildings if he can't pay his $354 million civil fraud fine.
— ABC News Live (@ABCNewsLive) February 21, 2024
"We are prepared to make sure that the judgement is paid to New Yorkers. And yes, I look at 40 Wall Street each and every day." pic.twitter.com/zVJ2PcnnUf
Engoroan sent an email Thursday to Trump attorney Clifford Robert rejecting an appeal by Trump to delay the fine while he filed an appeal:
“Dear Mr. Robert,
You have failed to explain, much less justify, any basis for a stay.
I am confident that the Appellate Division will protect your appellate rights.
Justice Engoron
Trump must put up the total amount of the fine and interest or purchase a bond to appeal the judgment. Details of the appeal process can be read at this link.
(Article by Kristinn Taylor republished from ThePeoplesVoice.tv)