Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case.
Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.
Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.
Thats hilarious. Wake me up when he actually pays the $300 bajillion dollars.
To be fair, Letitia James is now saying she is going to try to seize his assets if he doesn’t pay up.
https://www.theguardian.com/us-news/2024/feb/21/letitia-james-trump-assets-seizure-buildings
I hope she is able to do so. It’s pretty clear that TFG will not willingly pay any amount of money.
TFG? the fucking grapefruit? I have no idea what that acronym means.
Probably Trump Financial Group.
Possibly Tiny Flaccid Gimp
The Fucking Grifter
I like this acronym.
So
Many
Possibilities.
Also: The Foreign Goon; and, the Freaking Gonzo
I read it in a thread a while back, That Fucking Guy.
…the former guy…
A judgement is a judgement.
We also live in a world where having enough money allows one to rewrite the rules as they go.
Yeah it’s becoming pretty clear this nerd doesn’t have any money
Yeah, he has been coasting by on class solidarity and an army of rabid idiots for a while now.
Nerd? I can’t tell if you’re 12 or 70. We took back that term and Dump is anything but a nerd.
Oh my god… Does that mean… that…
… Something might actually HAPPEN?
Take that hope behind the fucking house and beat it to death, and then shove it way deep down inside where it can never fucking escape again
…where it belongs!
It would be nice. Who knows? It sure is worth trying and she seems to have been doing pretty well so far.
amazing
Imagine having been president and contemplating bankruptcy to nullify the case/repayment
(I’m just thinking aloud, hypothetical situation… but lol)
While some judgments can be cleared with bankruptcy… Judgements based on fraud are not one of those.
I’m not sure that will absolve him of his lawsuit debts.
Would love to see him go bankrupt, though, that golden facade crumbling.
How would it crumble? He’s declared bankruptcy so many times, people can’t decide if it’s 4 or 6.
In spite of that, dumb asses think he’s a financial genius.
Because despite declaring bankruptcy, he’d still owe the $350MM + interest.
Bankrupt morally AND financially.
Seizing his gold toilet would be appropriate, since his finances would be in the crapper at that point.
He won’t. His estate will be seized and liquidated and it won’t even begin to cover the fine, because the value of everything he owns is criminally overinflated.
I guess they will have to take his golden slippers.
The goal is to sell it off for profit…
Not take on extra debt…
He’s about to get a huge paper wealth injection with his truth social thing about to go public. Usually you’ve got to prove certain arduous financial metrics to do that, but the SEC is all, “lulz, you’re fine. Go ahead and offer your worthless stock!”
I’ll be curious to see who the biggest “investors” are in that stock. This is set up to be one helluva laundry.
And Truth Social can be openly sold to foreign "investors."Is not like campaign money where they have to launder the money first.
It’s the same reason he has NFTs and sneakers. It’s all to get that Saudi and Russian money.
truth social thing
My brain: https://en.m.wikipedia.org/wiki/Pravda
I wonder if Musk will be a big investor. He buys Twotter and ruins it, while Trump opens a competitor platform. Musk buys stock in that so when it IPOs he rakes in the money, all while Twitter users move over to TS to help it sell at the stock price they want.
It’s all make belief, but maybe…
because the value of everything he owns is criminally overinflated
You say that now, but just wait until the cult starts collecting money to pay those overinflated prices for their lord and savior…
I once typed in the wrong number in my electric bill and got my lights shut off. It was like 10 dollars. Somehow when you’re rich enough you can just choose to pay things or not.
Wow. That’s shit. And if it happened in US, then it is unlikely to be illegal like in the rest of the world.
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Other people who will pay for this instead of donating to the RNC. Still a win.
My entire mortgage is his fucking interest payment, but if I stop paying the fractional payments on it – which this asshole spends in a day on overcooked steaks and too-long ties – they’d take my house. Start fucking taking his stuff, goddammit.
$10k would entirely change my life. That’s it, that’s all I’d need.
I could pay off my debt, then I’d be able to afford a roof over my head.
Fucking seriously… There is so much money in these asshats hands that he’s dealing with daily interest that amounts to 1.5x my YEARLY income…
the highest salary I’ve ever seen on a tech job posting was 900K, offered by Netflix for a networking god.
Even that guy would be broke by lunch on day 11.
A person so singularly gifted that one of the highest paying companies on the planet had to offer that just to find them, and this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s. Really makes it easy to justify hating these absolute parasites that contribute nothing and own everything.
this fucking bag of sewer gas has that in his coat he hasn’t worn since the 80’s
Uh, he probably doesn’t have it in cash. He doesn’t have the total amount he owes ($450 million). He might actually need to declare personal bankruptcy to delay payment.
That’s the funniest thing about the GoFundMe set up for him. It’s probably just a scam, but even if they send it to him it’s nowhere near enough. Every day it goes up it just covers the interest owed for that day!
It makes it really easy to justify more than just hating these people. 😉
Don’t ever look up what football coaches at state universities earn.
I’ve seen 1M job posting by STMicroelectronics for ASIC god.
So this guy would be broke on by lunchtime on day 12?
Visualisation of vast wealth - https://mkorostoff.github.io/1-pixel-wealth/?v=3
Sadly a majority of Americans would find 10k quite liberating and it would be a big help.
Given most Americans can’t handle a $1,000 Emergency. Yes $10k would change many lives
I make plenty of money, but the dumb decisions in my past among other things made it so it’s always going to debt, but I can’t climb out of it because of interest, and now that I’ve lost my home (staying with in laws now), my wife spends insane money on door dash, and I can’t get it through her head how expensive and unhealthy it is, and if she really wants fast food, I can go get it. I will literally cook an entire meal, plate it, then hear the doorbell for door dash.
It’s so frustrating and it feels never ending.
That needs to be a serious sit-down conversation. I’d advise against making it about her health because that’s more likely to put her on the defensive and ignore everything else. You could print out a credit card statement to show her how much it’s costing you and what that money could be going towards. Also, it would be worth pointing out how much of the door dash bill is going to tips and delivery fees. I think the issue a lot of people have with door dash is the lack of sticker shock. You don’t notice the impact of a bunch of smaller purchases anywhere near as much as a single big purchase.
That’s only 220 pairs of sneakers a day
This could really hurt his other legal cases. Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.
And they will be more likely to demand retainer at onset. One recently demanded $3M retainer before starting.
Unfortunately, there are always more lawyers stupid enough to work for him and assume they’ll get paid. I think the quality on average just gradually goes down.
Which is doing him unfavors. Appealing this is going to be really hard because Habba didn’t lodge any objections to any of the evidence, cutting down grounds for appeal.
They are getting paid via “exposure”
They are getting paid via “exposure”
You think Habba is getting a lot of work from her exposure?
For her next pivot to right wingnut commentator, yep
Have you heard her talk? She already is. She’s a true believer.
I’m not sure how the quality can possibly go any lower
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His lawyers have already been quitting left and right. His lead counsel in the E. Jean Carroll defamation case withdrew in January, leaving Alina Habba, who has very little trial experience, to handle the damages portion of the case. Her inexperience got her in a lot of trouble with the judge. She kept violating basic trial etiquette and trying to argue facts of the case that had already been established (remember, Trump had already been found liable and they were just supposed to be arguing the amount of harm to establish damages).
Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.
He wasn’t going to pay them anyway.
Can we please get a 90 day cap at which point straight to jail?
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I’ll take that too. Looking forward to seizures. Concerned it’ll just never happen :/
Alex Jones still hasn’t paid shit.
I’m pretty sure that’s still advancing. Last I heard the families who won against him were moving towards seizing his assets.
They gonna seize his shit too. Either pay up or lose it all
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Yea he did one of the things you never do (unless you’re Trump), fuck with judges. He started hiding his shit after the judge told him to pay up. They’re out for blood.
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Seize building
Search building
Find more classified documents
I bet you could even strategically seize ones you suspected might have compromising things?
Seizing assets in a civil case is not the same as searching with a warrant and it must not be conflated. Evidence must only be obtained in a lawful manner with the appropriate warrants. Now if something pops up by chance while seizing his assets that’s nice. But the instrument shouldn’t be misused for that.
If the property changes ownership (aka seized by NY,) the new owners could authorize a search and it would be completely lawful.
As far as selection of which properties, targeting specific properties may be a bit sus, but i doubt there’s anything opposing it. They have to decide somehow.
I wish they’d start with his headets.
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Head-ets, like ass-ets. Took me a sec
There’s no assets in his head to speak of.
Sure there is. It would make a good conversation piece stuffed and mounted on the wall of Letitia James’s den.
Or mounted on a pike at the gate of either the White House or the Capitol.
lmao
Does anyone actually believe he’s going to pay any of this? I highly doubt it.
If he doesn’t, the state has the authority to sell off his assets to recoup the money.
He might not have much cash, but New York real estate isn’t cheap.
has that bag of shit Alex Jones paid a fucking dime yet?
Not yet but his creditors voted to liquidate his assets yesterday (?). The gears are slowly grinding.
It’s still being drug out. He’s lost the case, but tried to hide his assets so that he could declare bankruptcy without actually being bankrupt. The current legal fight is basically to show that he’s being a greedy cunt and to force him to sell the assets he has tried to hide.
They have him dead to rights though. He can drag it out, maybe even for several more years, but they will get their pound of flesh.
why would you compare that grifter with this basically identical grifter
Jones isn’t really analogous.
Trump won’t declare bankruptcy.
Trump won’t declare bankruptcy.
True.
Him being super rich is a major part of his self-image.
He has done it several times before.
That’s fine. He has a lot of properties tha they can -and will- take. He can still appeal, but that might make it even worse, and in the mean time interest is running.
I believe to appeal he first has to put 110% of the amount owing in escrow
110% plus interest
If there’s one thing I’ve learned about Trump over the past decade, it is that he always finds a way to weasel out and somehow manage to get millions of conservative votes in the process.
They’ve already said they’ll seize his ny assets if he refuses to pay.
That’s only $32M per year, seems like not much of a penalty compared to what he’s not paying.
A life-ruining amount of daily interest for a normal person is even a blip for a fake, likely broke billionaire.
Until he goes to jail, that interest and that fine isn’t going to matter to him. He can just ride it out until he’s dead.
They need to give him a maximum of 4 months to pay it off or he goes to prison.
Maybe he’ll get Epstiened in there and we can be rid of him for good.
They need to give him a maximum of 4 months to pay it off or he goes to prison.
No, they need to just start seizing assets immediately once the deadline is reached.
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So that he could use not just his life, but also his death to irrevocably harm our democratic norms? Nah, let him hie in hospice while some nurse treats him like the tiresome burden he always has been
I just hope the dementia holds off so he knows and understands how much he’s suffering. It’s still going to be nothing compared to the suffering this piece of shit has caused so many others.
He’s not broke, but he’s also not as wealthy as he claims. The wealth he does have is all tied up in real estate assets, which again aren’t worth as much as he likes to claim. That’s what this whole case was about.
That’s what this whole case was about.
I’m still confused on this one. So he claimed his real estate was worth more than it actually was to try to get better loan terms, the bank never bothered to look at the property at all (normally they have someone assess assets like that or other things that don’t have a clear fixed value), they gave him the loan, he repaid it and both he and the bank were both happy with the result? Who was defrauded, then?
I barely grasp it too but I believe what you stated is half of the issue. The other half is that he claimed to the irs that the same building was worth significantly less in order to pay less taxes. Ergo he lied to both the bank and the government.
Also I’m not actually sure if he finished paying the bank, even if he had a perfect payment record so far if he decided to stop paying and they had to sell the building they wouldn’t necessarily get all of the loan money back because the building isn’t worth what they loaned him based on his false claims, assuming I explained it in a way that makes sense.
The fraud is the act, whether or not it was successful. It’s not just a crime when he fails, the bank doesn’t have the assets they were promised, and the government has to bail them out.
The crime was against the state of New York who has an interest in people believing New York has a free and fair financial market and that fraud is not tolerated.
The bank WAS also harmed. They were taking a bigger risk than they were being paid for. They would have asked for MORE interest if he’d been honest.
The more confusing thing is that the bank just took his word for it. When I got my mortgage refinanced in 2021 they didn’t simply ask me what I thought my house was worth. They made me pay for someone to come look at it and take pictures of it.
So he claimed his real estate was worth more than it actually was to try to get better loan terms,
Yes, and that’s illegal whether anyone was actually hurt or not. Because it could potentially cause a lot of harm to both the banks and the government that would have to step in if the banks can’t cover the potential losses. That then gets passed on to the tax payers. And it’s not like he just did it once and said he was sorry. He did it repeatedly for decades, and shows no indication that he intends to stop doing it in the future unless someone holds him accountable.
We don’t give people speeding tickets because we think they ran over a pedestrian 5 miles back. We do it to try and get them to stop before that happens.
I can’t imagine 87k per day.
Can I get this in a better metric like number of trump jumps per mooch?
87 cofefes per hectamooch.
Ahah you misspleeled it
That’s more than I make in 3 years. In one day. But anyone thinking he’s going to pay anything should go buy a bridge. This is America, people. The most corrupt place on earth.
Criminals run the country, and criminals protect each other.
I’d give up my avocado toast AND soy frappucinos for that kind of money.
At least 5 Hamberders
Don’t worry guys. His supporters will give him money. I hope anyone with trumpy parents is cool with not getting any inheritance.
His fundraising has kind of fallen off, I understand the donations aren’t keeping up with all this money going out. It’s hysterical honestly, dude is prob going to die a pauper and ruin his entire legacy which honestly he deserves after what he did to this country.
Woe to the person who is going to have to scrub the shit and piss off that gravesite.
Jokes on you, i already wasn’t getting an inheritance
So you are saying they are now taxing stupid?
I love that for him.
I wonder if this will just be another OJ Simpson situation where he owes money but fucks around paying it and the courts never enforce the ruling.
Will this ruling prevent him in any way from taking public office?
That’s $87 000 per day that’s not being spent on campaign advertising and RNC activities, so it may be effectively stopping him get elected in a sense.
It would be worth more than that to people who want to get him elected, and he probably has friends in russia who are willing to spend much more than that on campaign advertising on his behalf.
Nah, it’s another one of those “there’s no laws about this because we assumed no one would elect an overtly corrupt grifter” type situations.
Nope.
In a well ordered world it should, but apparently he can even run if he’s in prison…
How do you think it plays out if they are successful in their attempts to get trump not to be able to run for election?
What are you talking about. This is a due justice process, with a sentencing. I was just curious if such a sentencing would prevent taking public office.
Its due process in an unjust way. Do you think that all of these cases just happen to pop up when he was running for president? Its using the government to attack a political rival.
Nikki Haley runs instead?
Only big business likes Haley. Do you not think the MAGA people wont get angry and could rightly say the election has been tampered with?
The MAGA people will write in “Trump” no matter what
In many (most/all?) places, you are not allowed to vote for anyone except the people listed on the ballot. Writing in their own choice would be disqualifying their own vote, so I hope millions of them do it.
In some races in some parts of the USA, there is a legal option to write in a candidate’s name and have it be counted.
Typically those tend to be fringe candidates, or protest names like Mickey Mouse, but it is permitted.
But then he will still lose, and they will rightly feel that the election was tampered with. Do you think they will just accept that?
No, it’s not the one about the 14th amendment. You know this.
Not everyone knows the difference. Or they could be asking if the financial impact could disable him from running.
Fair. I assumed more bad faith than may have actually been present. I’ve seen so many Trump posts I forgot that some people are living the good life where they aren’t seeing multiple lawsuit posts per day…
Also I heard some rumors that a few dozen internet users are from other places than the US and may not have a clue about laws and rules in a foreign country - or may have only heard a few bits and words and are trying to make sense of them.
Other places than the US? Where would they even come from, space? /s
It’s all Ohio.
There are literally dozens of us
That’s exactly why I asked.
Will his GoFundMe keep up with the interest rates? How many Mooches will the rubes last?
A Mooch becoming a unit of time and Sean Spicer hiding in the bushes were the best part of his presidency
Less than one. They’re already broke paying his lawyers and, like, voting for corporations and shit.
I believe it’s currently in excess of the interest. I don’t expect it to stay that way.
