Donald Trump owes US$87,000 daily interest on fraud penalties, compares legal troubles with Navalny persecution
- Penalties loom for Donald Trump and his real estate company after New York fraud case ruling
- Former US president compares his legal cases to the imprisonment and death of Putin’s top rival
When most New Yorkers wake up, they might splurge by spending a few bucks on coffee and a bagel.
Every morning Donald Trump wakes up, he now owes another US$87,500 in interest on the massive legal penalties he received last week.
The pain is set to continue until he pays off the entirety of the nearly half a billion dollars in fines and interest in his Manhattan civil fraud case.
The devastating judgment handed down by state Supreme Court Justice Arthur Engoron on Friday against the former president and his long-time Trump Organization executives will increase by 9 per cent annually until resolved.
That comes to US$87,500 per day, according to the state attorney general’s office – more than most New Yorkers make in a year. On an annual basis, the interest alone puts a US$32 million dent in Trump’s pocket, according to calculations by Associated Press.