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Trump Officially Owes NY $455m plus $112,000 Daily Interest Final Fraud Ruling
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Trump Officially Owes NY $455m plus $112,000 Daily Interest Final Fraud Ruling
Court officials have formally approved a final judgment against Donald Trump and his co-defendants in a sprawling fraud case in New York.
The Florida Criminal, his adult sons, two former Trump Organization executives and the entities associated with the brand-building properties in the Trump real estate empire are now on the hook for more than $464m.
A total judgment against Mr Trump is nearly $455m.
Post-judgment interest is accruing daily at the rate of 9 per cent per annum, or more than $114,000 for all defendants, including nearly $112,000 for Mr Trump alone.
This week, New York County Supreme Court Justice Arthur Engoron rejected requests from Mr Trump’s attorneys to delay the judgment, telling them in an email this week that there is “no room for further debate” and “no basis” to stall
“You have failed to explain, much less justify, any basis for a stay,” the judge wrote on Thursday. “I am confident that the Appellate Division will protect your appellate rights.”
The judge approved the terms of the final judgment, and a court clerk signed off on the document on Friday.
https://news.yahoo.com/trump-officially-owes-455m-plus-001916247.html
news.yahoo.com
Trump officially owes $455m plus $112,000 in daily interest in final fraud ruling
The former president has 30 days to appeal, which could require paying a significant premium on bond
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1 Reply
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Hey doni and kids, mikiD’s is always hiring…garbage in, garbage out.
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