By Maria Ortiz
New York Attorney General Letitia James is leading the account of the increases that interest is adding to the fine of $354.8 million dollars, which Judge Arthur Engoron ordered the former president to pay in a sentence handed down last week.
Judge Engoron, who presided over a civil trial for corporate fraud against Donald Trump, his children and his company, on Friday, February 16, ordered the former president, his children, his business partners and his company, the Trump Organization, the payment of $354.8 million dollars in damages, plus interest, and temporarily limited his ability to do business in New York at his sentencing.
On Thursday, Judge Engoron said he would not delay the execution of the multimillion-dollar judgment in former President Trump’s civil fraud case, after Trump’s legal team asked him to postpone the execution for 30 days to “protect” the appeal rights of the accused and “guarantee an orderly process after the ruling.”
“You have not explained, much less justified, any basis for a suspension,” Engoron wrote in an email response to Trump lawyer Clifford Robert’s request filed with the court on Thursday. “I am confident that the Appellate Division will protect your appeal rights.”
Since then A ruling has been issued, although it is not yet available for public view. That order officially starts the clock for interest payments.
Since the Engoron ruling, more than $87,000 in interest has been added to that amount each day.
And the New York attorney general is frequently “refreshing” the sum with interest in statements published in X.
Does Trump really owe $87,502 a day in interest?
With each passing day, Trump owes an additional $87,502 in interest on his civil fraud fine.
Interest will continue to accrue even as Trump appeals the ruling.
Unless judicial intervention or an early resolution, Its debt will skyrocket to $500 million in August 2025according to estimates from The Associated Press.
Trump’s underlying fine is $355 million, the equivalent of what the judge said were “ill-gotten gains” from interest savings on lower loans and windfalls from development deals, which he couldn’t have done if he had been honest about his power.
According to state law, You are charged interest on that amount at an annual rate of 9%.
Trump’s interests will continue to accumulate until Trump pays. Trump owes the money individually and as the owner of corporate entities that were accused in James’ lawsuit.
Keep reading:
– Prosecutor threatens to confiscate Donald Trump’s buildings if he does not pay a fine of $354 million dollars
– Trump owes $87,000 in interest per day until he pays the fine imposed for civil fraud
– Setback for Trump; judge rejects request to defer payment of fine for $355 million dollars