Calculating the cumulative weight of fees and penalties levied against Donald Trump in rapid succession presents a staggering picture, suggesting he faces an even larger financial burden beyond recent court rulings, including his unsuccessful civil fraud trial in New York.
Following the $83.3 million judgment awarded to E. Jean Carroll on January 26th—adding to the $5 million owed from a previous ruling—and now the hefty $355 million from his civil fraud trial, Trump’s overall liability is set to balloon further due to a 9 percent interest rate applied in the latest verdict.
Trump (Credits: Forbes)
Confronted with this financially constraining figure, Trump may encounter heightened hurdles in mounting an appeal, especially with New York Supreme Court Justice Arthur F. Engoron’s injunction preventing him from obtaining loans from any New York-based bank for three years, as reported by The Daily Beast.
Despite asserting a net worth of over $10 billion, Trump’s social media outbursts on Truth Social regarding these penalties suggest they have deeply affected him, as evidenced by his assertion that Attorney General Letitia James has targeted his “liquid and beautiful Corporate Empire” that originated in New York and flourished globally.
This is a massive victory for New York, our nation, and everyone who believes we all must play by the same rules.
Donald Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay $463.9 million for their staggering financial fraud. pic.twitter.com/4CC511IyWN
— NY AG James (@NewYorkStateAG) February 16, 2024
In contrast, Attorney General James celebrated the outcome in a post on X (formerly Twitter), declaring it a “massive victory for New York, our nation, and everyone who believes we all must play by the same rules.”
