NY Attorney General Tish James ain’t backing off of the civil fraud judgment that has had Trump pst a $125 million bond….
And the meter IS running at $114,000 in interest fee’s per day…
Quietly, just before the calendar turned for the new year, an already whopping debt tentatively owed by President-elect Donald Trump and co-defendants in his New York civil fraud case hit an eye-popping, interest-accumulating milestone: half a billion dollars.
Trump, two of his sons and a former executive at his company were ordered in February 2024 to pay $364 million in “ill-gotten gains” and millions more in interest dating back years. The figure, which was then $464 million, continued to accrue more than $114,000 in interest per day. The judgment is on appeal.
The total crossed $500 million on Dec. 29, and stands at more than $502 million on Thursday, a spokesperson for New York Attorney General Letitia James confirmed.
Trump, who would personally owe about $490 million of that sum, has banked on a reprieve from New York’s mid-level Appellate Division, First Department court. During arguments in September, at least two of five justices on the appeals panel seemed skepticalof the size of the judgment. One called it “immense” and “troubling.”
But as the defendants await the panel’s decision, which is expected early this year, interest has continued to pile up. The court typically releases opinions on Tuesday and Thursday mornings, and the Trump case was not among the batch released today.
That means Trump will likely be sworn in as president on Monday with a debt to the state of New York larger than the combined proposed 2025 budgets for New York’s sixth and seventh largest cities, Albany and New Rochelle…..
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