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submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world

New York Attorney General trolls former president as interest starts accruing on monster judgment

A $455m judgment against Donald Trump is increasing by more than $110,000 each day due to interest penalties.

And New York Attorney General Letitia James, who is preprared to seize his assets if necessary, is not going to let Mr Trump forget.

When the final judgment in the sprawling fraud trial against Mr Trump, his adult sons Donald Jr and Eric Trump, and former Trump Organization executives was approved on Friday, the attorney general’s X account posted the exact figure down to the last cent.

Twenty four hours later, her account wrote: “+$114,553.04”.

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[-] NegativeLookBehind@lemmy.world 138 points 8 months ago
[-] fine_sandy_bottom@discuss.tchncs.de 16 points 8 months ago

Me too. It's so refreshing to see officials ready to do their job and hold him accountable.

[-] Ebby@lemmy.ssba.com 114 points 8 months ago* (last edited 8 months ago)

I wish I could earn in a year what he lost in a day. It would solve so, so many hardships I face in life.

F him for grifting so damn much

[-] deadbeef79000@lemmy.nz 62 points 8 months ago

It's a brutal reminder of just how staggeringly rich the truly rich are.

A dollar amount in a day that's so much more than most have over a year.

Imagine never having to worry about the price of anything ever.

[-] pigup@lemmy.world 6 points 8 months ago

Well he should have to worry about this bill lol

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[-] takeda@lemmy.world 24 points 8 months ago

He lost? Fuking idiots are donating on GoFundMe to a billionaire...

[-] unphazed@lemmy.world 17 points 8 months ago

Fake billionaire. Still wealthy, but dude is Prince Ali, only with pedo/creep tendencies and no Genie and a cult following... maybe more on the level with Kenneth Copeland...

[-] LeadEyes@lemmy.world 10 points 8 months ago

I used to be really confused by the "fake it 'till you make it crowd" but in the recent years I realized how far it can take you when people just think that you are rich. I really can't wait until this planet sluffs us off like fleas and something better comes along in a million years.

[-] FlyingSquid@lemmy.world 12 points 8 months ago

He gave $130,000 hush money to Stormy Daniels for not letting it get out that he cheated on his wife with her.

I could probably stretch $130,000 into a good 5 years of living if I was careful without even doing anything involving investing or whatever.

[-] snausagesinablanket@lemmy.world 81 points 8 months ago

She screamed at Cuomo and made him sign for legal cannabis in NY after that bastard was gonna delay it another year.

She doesn't back down to anyone.

[-] reagansrottencorpse@lemmy.world 7 points 8 months ago

He wanted it as a bargaining chip, what a swarmy bastard

[-] Jakdracula@lemmy.world 62 points 8 months ago
[-] Teon@kbin.social 19 points 8 months ago

+$100.00 every 1 minute & 13 seconds.
Love it!
Bleed him dry.

[-] reagansrottencorpse@lemmy.world 8 points 8 months ago

It's fun to sit and watch the numbers go up

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[-] nkat2112@sh.itjust.works 61 points 8 months ago

Let's be clear: this lady rocks. Good on her - and the million victims of this "victimless" crime. The people of New York.

[-] arc@lemm.ee 47 points 8 months ago

The funny part is how so far Trump hasn't posted a bond for the appeal. Trump doesn't *have * to do it but the consequences of not doing so are basically calamitous - if he doesn't post bond then the state can seize and sell off his property to the amount he owes. Then both sides fight about it for a year or whatever while the money sits in the court's account and he is deprived of revenue from the properties sold. Oh and the interest keeps accruing. And the lawyer bill will be in the tens of millions.

I'm sure the state won't be sensitive to his reputation when deciding what to seize to cover the debts. Can you imagine the hilarity that would ensue if they sold off Trump Tower or one of his other flagship properties?

So Trump is screwed. If he does somehow post bond there will be a lot of people asking how he managed it since he surely doesn't have the cash. In that case expect firesales of his other properties and loans from super shady foreign businessmen.

[-] nucleative@lemmy.world 31 points 8 months ago* (last edited 8 months ago)

I can imagine there are more than a few foreign (and domestic) billionaires salivating at the idea of buying a GOP presidential frontrunner while simultaneously securing fire-sale level security positions on his properties.

[-] FlyingSquid@lemmy.world 26 points 8 months ago* (last edited 8 months ago)

That the fun thing about what SCOTUS decided. Now that money is speech, foreign powers can set up PACs which claim to be helping a candidate get elected but are actually able to pay that candidate's legal fees for something totally unrelated and it's all totally legal!

God bless America, am I right?

[-] clgoh@lemmy.ca 17 points 8 months ago

Incidentally, on the day of the judgement, Elon's jet was in the vicinity of Mar-a-Lago.

https://mastodon.social/@elonjet/111943376124018599

[-] prole@sh.itjust.works 18 points 8 months ago* (last edited 8 months ago)

His plan is to become president and make those things go away. Seriously. How they go away isn't important to him, so the calamitous side effects it would cause would be of none of his concern.

Of course it doesn't work that way in a democracy. So they're doing away with that too. If you're an autocrat, suddenly state attorneys general don't really have any power over you.

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[-] AngryCommieKender@lemmy.world 8 points 8 months ago* (last edited 8 months ago)

They need to sell Trump Tower to someone that promises to show the exact same respect that Trump showed to the historic landmark that had multiple pieces of art promised to The Met, when he bought the property. Then, shove as much of his gaudy shit in there and demo the whole lot.

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[-] rusticus@lemm.ee 7 points 8 months ago

loans from super shady foreign businessmen

So the same it's been for 35 years.

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[-] Got_Bent@lemmy.world 32 points 8 months ago* (last edited 8 months ago)

I assume the interest is compounding so the amount should increase each day.

I stand corrected. It's simple interest. I'm genuinely surprised by this.

[-] irotsoma@lemmy.world 19 points 8 months ago

No compounding for the wealthy. Only poor people pay interest on interest. /s

[-] cbarrick@lemmy.world 15 points 8 months ago

It's simple interest, not compound interest.

So it just adds the same amount each day: 9% of the original fine.

At least according to the Legal Eagle video I watched about it.

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[-] protist@mander.xyz 7 points 8 months ago

If I recall correctly from a story when the judgment was handed down, the law in NY makes it so it's calculated as simple interest rather than compound. Someone correct me if I'm wrong. $110,000/day seems very small when compared to the $465,000,000 he owes within less than a month though

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[-] doublejay1999@lemmy.world 22 points 8 months ago

Top trolling

[-] Nativeridge@aussie.zone 15 points 8 months ago

and that is the perfect response to Dumps "peek-a-boo" shit

[-] Suavevillain@lemmy.world 8 points 8 months ago* (last edited 8 months ago)

Keep the pressure on him. This how it should be.

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this post was submitted on 27 Feb 2024
585 points (98.2% liked)

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