Donald Trump owes $87,000 daily interest on historic fraud penalties

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Every morning Donald Trump wakes up, he now owes another $87,500 in interest on the massive legal penalties he received last week.

Republican presidential candidate, former U.S. President Donald Trump attends a pre-trial hearing at Manhattan Criminal Court on Feb. 15, 2024 in New York City. Trump was charged with 34 counts of falsifying business records last year, which prosecutors say was an effort to hide a potential sex scandal, both before and after the 2016 presidential election. Judge Juan Manuel Merchan is expected to rule whether the trial will begin as scheduled on March 25.

Trump is on the hook for the overwhelming bulk of the roughly $364 million in pre-interest penalties laid out in Engoron’s ruling, which also barred him from heading a New York business for three years, among other restrictions.That represents the interest he saved from lying about his net worth in loans involving his Doral golf resort in Florida,, his Wall Street skyscraper and his Chicago hotel.

If Trump can’t come up with the cash, Germain said Trump could be forced to follow in the footsteps of Rudy Giuliani, who filed for bankruptcy protection in December.Anti-Israel statements spray painted around Oakland’s Lake MerrittNeo-Nazi spews anti-Jewish hate at Walnut Creek City Council meeting

 

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