Legal
Trump Owes $112,000 for Every Day He Doesn’t Pay Fraud Fine
- Interest on $454 million verdict to accrue even during appeal
- Trump was found liable for inflating his assets to dupe banks
Donald Trump
Photographer: Mandel Ngan/AFP/Getty ImagesThis article is for subscribers only.
Every day Donald Trump delays paying New York state’s $454 million civil verdict against him over his fraudulent asset valuations, the whopping fine is increasing by almost $112,000 in interest.
The amount, calculated by Attorney General Letitia James, will continue to be added even as the former president challenges the Feb. 16 verdict, a process he began on Monday morning by filing a notice of appeal in state court in Manhattan. His decision to challenge the verdict instead of paying it poses the risk that it could balloon during a drawn-out appeal.