Reply To: Obscene award against Trump is testing the New York legal system’s integrity

  • Unknown Member

    February 18, 2024 at 6:45 pm

    Please buy my Chinese made sneakers to save my corrupt company

    “The frauds found here leap off the page and shock the conscience,” Judge Arthur Engoron wrote in a 92-page decision that spares Trump’s company from closure, but forces it into years of court supervision, among other sanctions.

    Trump could ultimately end up owing a half-billion dollars or more as a result of Friday’s verdict.

    In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount.

    At an annual rate of 9%, as prescribed by New York law, that adds up fast.

    James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. The interest will keep accruing until Trump pays.