Letitia James Shares Live Updates on Trump’s $114,000 Daily Interest Charges

The hefty $455 million verdict against Donald Trump is racking up more than $110,000 in interest every day, with New York’s Attorney General Letitia James preparing to seize his assets if need be, and she’s not about to let Trump off easy.

Verdict Aftermath:

After the fraud trial’s final verdict was sealed on Friday—targeting Trump, his sons Donald Jr and Eric, along with ex-Trump Organization execs—the attorney general’s X account didn’t miss a beat, sharing the precise amount down to the penny. Just 24 hours later, her account updated with: “+$114,553.04 = $464,805,336.70”.

The Snowball Effect

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The $464m judgment against Donald Trump and his associates, including the Trump Organization, is growing by 9% annually. This comes after a judge found that they had inflated their net worth to secure better loan terms.

Trump’s Ill-Gotten Gains

The group now owes about $364m in “ill-gotten gains” back to the state, with interest charges adding at least $100m more. Trump’s share of the debt increases by over $112,000 daily due to interest.

Appealing Without Pause

Trump’s legal team launched an appeal on Monday but didn’t post the necessary bond to halt the judgment’s collection process.

Ready to Seize Trump’s Assets

Attorney General Letitia James is ready to take action, stating her willingness to seize Trump’s assets to ensure the judgment is paid. Speaking to ABC News, she specifically mentioned keeping an eye on 40 Wall Street.

The 30-Day Countdown

Trump, speaking at the Conservative Political Action Conference, branded himself a “proud dissident.” He has a 30-day window to secure a bond for the appeal, which would mean covering the entire judgment upfront, either through a court deposit or a surety bond—a relatively costly move.

A 3-Year Journey

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After a thorough three-year probe and an 11-week trial featuring extensive witness testimony that concluded in January, the final judgment was issued.

A Serious Crime

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Letitia James also firmly responded to Trump’s assertion that her case was about a victimless crime, stating the importance of her legal action in ensuring equitable treatment in financial dealings for New Yorkers.

She highlighted the serious nature of Trump’s fraudulent activities, dismissing them as far from trivial errors

Not Just a Mistake

“Financial frauds are not victimless crimes. He engaged in this massive amount of fraud. It wasn’t just a simple mistake, a slight oversight, the variations are wildly exaggerated, and the extent of the fraud was staggering,” James pointed out.

Equal Standards

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She stressed that ordinary New Yorkers would face severe consequences for similar actions and that the same standards should apply to everyone, including former presidents.

New York’s Resilience

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James also dismissed concerns about businesses leaving New York, citing strong tourism and a robust Wall Street as evidence to the contrary.

James on Female Efficacy

Following Trump’s legal setbacks, including losses in civil cases and facing charges in Georgia, James concluded with a pointed remark on female efficacy in achieving results: “Someone once told me if you want something done, give it to a woman.”

The $455M Trump Verdict

On February 16, New York County Supreme Court Justice Arthur Engoron, in a detailed 92-page ruling, found Donald Trump, his sons Donald Trump Jr and Eric Trump, and former Trump Organization executives Allen Weisselberg and Jeffrey McConney, along with the entities associated with Trump’s brand-building ventures, guilty of exaggerating his net worth and assets to obtain better loan terms over ten years.