Judge formally says Trump owes $454 million in civil fraud case, countdown starts for him to put up the money for appeal
Judge formally says Trump owes $454 million in civil fraud case, countdown starts for him to put up the money for appeal
A New York judge formally ordered Donald Trump to pay $454 million, including interest, on Friday, a move that will give the former president one month to post nearly half a billion dollars to appeal the fraud verdict.
A New York judge on Friday formally ordered Donald Trump to pay $454 million, including interest, a move that will give the former president one month to post nearly half a billion dollars to appeal the fraud verdict.
Judge Arthur Engoron’s signed judgment was posted to the court docket Friday, one week after he found Trump, Donald Trump Jr. and Eric Trump liable for fraud in the civil case brought by New York Attorney General Letita James.
Once Trump and the others are served with the judgment, the 30-day clock for them to file an appeal starts. During that period Trump will need to put up cash or post bond to cover the $355 million and additional roughly $100 million in interest he was ordered to pay. The sons were each ordered to pay $4 million back in gains they improperly received because of the fraud. The judge also banned the Trumps from serving as officers of a business entity in New York for several years.
Please televise when they seize Mar-a-lago and his jet. Those will truly be core memories of the nation.
No no no. Trump actually provided a list of the New York-based properties* he most wants to keep, we should start with those.
* NY based, because that's where they're run from, not necessarily where they're located. And I think it's a slightly old list because I believe he sold the Old Post Office, but it's still a nice list of initial targets that he'll be most upset by.
They are going to have to fight with the rape defamation case for them.
Putin needs to come get his lap dog. It's shitting all over the place.
Some idiot will be along to tell us all about how this was a victimless crime any moment now.
Surely you've lied on a resume before. Exaggerated the truth. Told a small child the tooth fairy is real. This is no different. /s
Is the 30 day clock to put up the entire sun for appeals? If he can't what's he repayment plan?
If he can't, he doesn't get to appeal. Putting up the money is a prerequisite to an appeal. If he chooses not to appeal, or can't put the money in escrow, then the judgment is final and the court starts taking other means to actually collect the judgment, or as much as it can.
It seems likely to me that he will not be able to appeal, and that furthermore the court will not be able to collect the full judgment amount for the plaintiffs, and in that case they'll turn him upside down and shake him until every quarter falls out of his pockets.
I agree. I don't think he will appeal.
If he were "very confident" of an easy win then he might put up the money and appeal, but I don't think anyone has any confidence that an appeal would be successful.
That being the case, the better move might be to string out payments, hope to become POTUS and just kinda authoritarian your way out of it.
Regardless, it's delightful to finally see some consequences beginning to coalesce.
Well if you ask the banks he's got at least a bazillion dollars worth of property. And if you ask the IRS he has at least fifty dollars worth of property.
30 days on they start collections by seizing properties
Either the entire sum or pay someone 10% to post bond. If he doesn’t put up the whole sum 9% interest will continue to accrue (roughly $87k/day). If he doesn’t appeal nor pay, the prosecutor can start asking for assets to be seized.
The interest is actually higher as it's calculated on interest that's accrued on the more than $350 million award handed down last week. According to an NBC article it will be $111,983.86 on the $454,156,783.05. Note that's just against Trump himself. Doesn't include interest on the amounts against other offenders.
Wow I never thought about how much the sun cost before
I'm losing track. Is there a website that tracks the hearings and findings?
This is everything coming up.
I think politico has a page somewhere but not sure if it's kept up to date.
Uf. I thought the clock started last week. Now we have to wait another 30 days? Ugh.
Its been an hour since this article came out.
Please up that price tag by 5000.
Let’s see Jared and Ivanka bail him out.
Came here to say the Saudi money Jared is holding for him from the sale of those classified documents will pay it.
Since when is three "several?"
It's likely that word choice was used because it's three years for Trump, and two years for Eric and Don Jr.
So, "a few."
I am also confused. Why was this down voted? According to the dictionary several means more than 2 or 3, however still a low figure number. It was reported to be only 3 years last I saw; meaning to be incorrect? Edit: I'm noticing a plural in "trumps" so assumably they are including his sons as well?
To be pedantic 3 is higher than 2 or 3
It's been several years. 2021 I think it happened.
It's been a few years now, since the changes in 2022.
That GFM is nearly there! Only $453M to go!
Hey, they're still beating the interest.