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Letitia James live tweets daily interest charges on Trump’s $464m fraud ruling
(www.independent.co.uk)
this post was submitted on 27 Feb 2024
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And New York Attorney General Letitia James, who is preprared to seize his assets if necessary, is not going to let Mr Trump forget.Post-judgment interest is accruing at a rate of 9 per cent on the $464m judgment against five individuals and the Trump Organization after a judge determined that the former president fraudulently inflated his net worth and assets over a decade to maintain favourable financing terms on some of his brand-building properties.
The total owed back to the state among all the defendants – money that is effectively forfeited as “ill-gotten gains” – amounts to roughly $364m, plus at least $100m in interest.
On Monday, his legal team filed notice of an appeal, but did not appear to bost bond, which he would need to do to stop collections on the judgment.
“We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day,” she told ABC News last week.
Mr Trump delivered a keynote speech to the Conservative Political Action Conference in Maryland on Saturday, where he called himself a “proud dissident”.
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