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Showing Original Post only (View all)Trump owes more than you think [View all]
(Salon) Tallying up all the fees and penalties heaped upon Donald Trump in fairly quick succession, he looks to owe even more on top of what's been read out in recent court decisions, such as his non-victorious NY civil fraud trial.
After the $83.3 million sum awarded to E. Jean Carroll on Jan. 26 layered on top of the $5 million he already owes her from last year and now the $355 million from his civil fraud trial, his grand total will increase after factoring in a 9 percent interest rate in this most recent ruling.
Faced with this financially crippling sum, Trump will likely find it more difficult than he normally would to ready an additional appeal, with New York Supreme Court Justice Arthur F. Engoron blocking him from borrowing money at any bank in New York for three years, according to The Daily Beast. .................(more)
https://www.salon.com/2024/02/16/factoring-in-prejudgment-interest-could-actually-owe-over-400-million/?in_brief=true
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I love it when a story starts out with, "once apon a time" or "faced with a financially crippling sum"
Botany
Feb 2024
#8
Time to sell off his properties in N.Y. State such as the Trump Tower in Manhattan.
Botany
Feb 2024
#10
If Trump had just put the money he got from his Dad into a simple index fund he would be fine now
Botany
Feb 2024
#37
Need some edumacation here. From what I understand, anyone found guilty of a civil case like in E. Jean
Cheezoholic
Feb 2024
#13
Several people have mentioned a 20% deposit is needed. Not a lawyer myself, but I keep hearing that. nt
eppur_se_muova
Feb 2024
#20
Not exactly in a bargaining positiopn to get top dollar on assets either I would think
Cheezoholic
Feb 2024
#28
David Kay Johnston just said the New York legislature lowered post judgemt interest to only 2%.
SunSeeker
Feb 2024
#18
Even at 2% considering the judgement...that's a lot. Yes, I want to see him in jail for his crimes, but him being
PortTack
Feb 2024
#22
IMO he has next to nothing at all and is living hand to mouth on what he raises for his campaign funds.
Ford_Prefect
Feb 2024
#26