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"Trump is racking up $2.6 million in interest for every month that he hasn't paid his $355 million fine"
Former President Donald Trump has been ordered to pay interest for the $355 million in penalties from the New York case against him, and it's likely already added about $100 million to his total fine.
Judge Arthur Engoron ruled on Friday that Trump's total amount owed would also include a 9% per annum interest accrued from as early as March 2019. If the former president paid in full today, it should cost him around $450 million.
Trump's total fine stems from three different penalties that were dated separately...
Meanwhile, James said that if Trump does not start paying the $355 million fine, her office will move to seize his assets, such as Trump Tower.
Trump has also been ordered to pay $83.3 million in damages to E. Jean Carroll in her defamation lawsuit against him, as ruled by a federal jury in January.
Additionally, he faces a hush-money case involving Stormy Daniels in Manhattan, charges from the Department of Justice in connection with his handling of sensitive documents, and an election-related racketeering case from Fulton County, Georgia.
The former president spent $53 million in PAC donor money on his legal fees in 2023, Business Insider previously found.
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