Particle.news
Download on the App Store
49 ARTICLES
·
last yr.

Trump Appeals Civil Fraud Case, Faces Daily Interest on $454 Million Fine

As Donald Trump appeals the civil fraud ruling against him, the former president is required to pay over $111,000 in daily interest, with the total fine now exceeding $454 million.

Alina Habba and Donald Trump
Donald Trump speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on February 24 in National Harbor, Maryland. He has already incurred over $1 million in interest after Judge Arthur Engoron's civil fraud judgment in New York.
Image
Image

Overview

  • Former President Donald Trump is appealing the civil fraud ruling that found him and his co-defendants liable for fraudulently misstating asset values.
  • Trump and his co-defendants must pay over $111,000 in daily interest on the judgment, which now totals more than $454 million.
  • The interest rate on the judgment is set at nine percent, accruing additional millions annually until the full amount is paid.
  • Despite the appeal, Trump is required to post an appeals bond or deposit cash into a court-controlled account to cover the fine plus interest.
  • The civil fraud case bars Trump from obtaining loans from New York-registered financial institutions for three years, complicating his repayment options.