Trump owes US$112,000 for every day he doesn’t pay fraud fine


Trump's decision to challenge the verdict instead of paying it poses the risk that it could balloon during a drawn-out appeal. — Bloomberg

NEW YORK: Every day Donald Trump delays paying New York state’s US$454mil civil verdict against him over his fraudulent asset valuations, the whopping fine is increasing by almost US$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 by filing a notice of appeal in state court in Manhattan.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Stocks dip and oil climbs as Trump ramps up Iran threats
Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Hap Seng Plantations 4Q earnings likely to be strong
UK budget ‘headroom’ a harmful obsession
Bursa Malaysia extends gains to close higher
Inflation expected to remain manageable
Atlan subsidiary ceases duty-free business�in JB
Sarawak Plantation eyes steady recovery

Others Also Read