USALife.info / NEWS / 2024 / 02 / 23 / JUDGE DENIES PAUSE IN $454 MILLION FRAUD JUDGMENT AGAINST TRUMP
 NEWS   TOP   TAGS   ARCHIVE   TODAY   ES 

Judge Denies Pause in $454 Million Fraud Judgment Against Trump

21:58 23.02.2024

Former President Donald Trump is facing a massive civil fraud judgment in New York, totaling over $454 million in fines and interest. The judgment was finalized on Friday, giving Trump a 30-day window to appeal the decision by Judge Arthur Engoron. The ruling found that Trump lied for years about his wealth to secure loans and make deals, leading to the inflated value of his assets. Trump has denied any wrongdoing and has vowed to appeal the verdict, calling the case a politically motivated "witch hunt." New York Attorney General Letitia James has said she will seek to seize Trump's assets if he is unable to cover the bill. Post-judgment interest is now accruing at over $100,000 per day, with Trump and his co-defendants facing a total of $114,554 per day in interest until they pay. The judge denied a request from Trump's lawyers to delay formalizing the decision, stating that there was no basis for a stay. Trump would need to post a bond covering the penalties to appeal the ruling, which could be costly. James has warned that she is prepared to seize Trump's assets if he does not pay the judgment, ensuring that it is paid to New Yorkers. The former president's financial troubles continue to mount as he faces legal challenges in New York.

/ Friday, February 23, 2024, 9:58 PM /

themes:  Donald Trump  New York (state)

VIEWS: 142


08/05/2024    info@usalife.info
All rights to the materials belong to the sources indicated under the heading of each news and their authors.
RSS