NY AG taunts Trump about interest he owes on civil fraud judgment

New York Attorney General Letitia James appeared to taunt former President Trump about the interest he might personal in a civil fraud judgment. 

Trump’s authorized group on Monday appealed a Feb. 16 ruling from New York Judge Arthur Engoron’s discovering him answerable for greater than $350 million in damages within the civil fraud case introduced towards him by James. Engoron ordered Trump to pay simply over $354 million, with post-judgment interest accruing at almost $112,000 per day. 

“In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself. Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest,” James wrote on X, celebrating on the identical day of the judgment. 

On Feb. 23, James, who has denied having a “personal vendetta” towards Trump regardless of remarks suggesting in any other case, posted flatly, “$464,576,230.62.” 

“+$114,553.04,” she added in one other publish the subsequent day, referring to the potential added interest Trump could also be on the hook for. 

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Again, on Feb. 25, James posted, “+$114,553.04 = $464,805,336.70.” 

New York Attorney General Letitia James stated she is “prepared” to ask the decide to grab former President Trump’s property if he can’t pay the $354 million judgment handed down in his civil fraud case. (ABC News/Screenshot/Brendan McDermid-Pool/Getty Images)

James’ case additionally focused Trump’s household and the Trump Organization.

Engoron dominated that Trump and co-defendants – his grownup sons, Donald Trump Jr. and Eric Trump and two former Trump Organization executives – have been answerable for “persistent and repeated fraud,” “falsifying business records,” “issuing false financial statements,” “conspiracy to falsify false financial statements,” “insurance fraud,” and “conspiracy to commit insurance fraud.”

The former president’s legal professionals filed notices of attraction Monday, asking the state’s mid-level appeals court docket to overturn Engoron’s Feb. 16 verdict in James’ lawsuit and reverse staggering penalties that threaten to wipe out Trump’s money reserves.

Former President Trump, heart, surrounded by South Carolina Gov. Henry McMaster and Lt. Gov. Pamela Evette, on Feb. 24, 2024 in Columbia, South Carolina, earlier than Trump defeated opponent Nikki Haley within the state’s Republican major. (Win McNamee/Getty Images)

Trump’s legal professionals wrote in court docket papers that they’re asking the appeals court docket to determine whether or not Engoron “committed errors of law and/or fact” and whether or not he abused his discretion or “acted in excess” of his jurisdiction. A discover of attraction begins the appeals course of in New York. Trump’s legal professionals may have a possibility to increase on their grievances in subsequent court docket filings.

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Trump was not required to pay his penalty or publish a bond so as to attraction, and interesting won’t robotically halt enforcement of the judgment.

The Republican presidential frontrunner has till March 25 to safe a keep, a authorized mechanism pausing assortment whereas he appeals. Trump would obtain an computerized keep if he places up cash, property or an attraction bond masking what he owes. Trump’s legal professionals might additionally ask the appeals court docket to grant a keep with out acquiring a bond or with a bond for a decrease quantity.

New York Attorney General Letitia James addresses the decision towards former President Trump in a civil fraud trial on Feb. 16, 2024 in New York City. (Michael M. Santiago/Getty Images)

There was no indication on the court docket docket Monday that Trump had already posted an attraction bond or requested for a keep, in line with The Associated Press. 

“We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system,” Trump lawyer Alina Habba stated. 

Trump maintains that he is value a number of billion {dollars} and testified final yr that he had about $400 million in money, along with properties and different investments. 

James, a Democrat, advised ABC News that if Trump is unable to pay, she is going to search to grab a few of his property.

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Trump stated Engoron’s resolution, the most expensive consequence of his latest authorized battles, was “election interference” and “weaponization against a political opponent.” Trump stated he was being punished for “having built a perfect company, great cash, great buildings, great everything.”

Fox News’ Anders Hagstrom and The Associated Press contributed to this report.