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submitted 9 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] gregorum@lemm.ee 60 points 9 months ago

This is a civil trial. He won’t go to jail, they’ll just start seizing his assets.

[-] carl_dungeon@lemmy.world 50 points 9 months ago

I’ll take that too. Looking forward to seizures. Concerned it’ll just never happen :/

Alex Jones still hasn’t paid shit.

[-] HopeOfTheGunblade@kbin.social 29 points 9 months ago

I'm pretty sure that's still advancing. Last I heard the families who won against him were moving towards seizing his assets.

[-] Coreidan@lemmy.world 15 points 9 months ago

They gonna seize his shit too. Either pay up or lose it all

[-] gregorum@lemm.ee 10 points 9 months ago* (last edited 9 months ago)

He’s played this weird shell game with his assets and claimed poverty through complex bankruptcy litigations. It’s far from what’s going on with Trump.

And while Jones may have delayed his fate, he’s still not gonna get away with that shit. Those cases are progressing, we just aren’t hearing a lot about it in the news. 

[-] Riven@lemmy.dbzer0.com 5 points 9 months ago

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.

[-] gregorum@lemm.ee 3 points 9 months ago

oh, he was shuffling his assets around long before the judges told him to stop because he knew what was coming.

[-] NotMyOldRedditName@lemmy.world 21 points 9 months ago* (last edited 9 months ago)

Seize building

Search building

Find more classified documents

I bet you could even strategically seize ones you suspected might have compromising things?

[-] tryptaminev@feddit.de 5 points 9 months ago

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.

[-] FuglyDuck@lemmy.world 7 points 9 months ago* (last edited 9 months ago)

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.

[-] Rivalarrival@lemmy.today 4 points 9 months ago

I wish they'd start with his headets.

[-] gregorum@lemm.ee 4 points 9 months ago
[-] Feathercrown@lemmy.world 7 points 9 months ago

Head-ets, like ass-ets. Took me a sec

[-] FuglyDuck@lemmy.world 4 points 9 months ago

There’s no assets in his head to speak of.

[-] Rivalarrival@lemmy.today 2 points 9 months ago

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.

this post was submitted on 22 Feb 2024
1012 points (98.2% liked)

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