Trump's Fraudulent Loan Fine Accrues $10 Million Interest in 3 Months

The fine for former U.S. President Donald Trump's fraudulent loan charges has increased by more than $10 million in just three months due to added interest.

[Image source=Yonhap News]

According to major foreign media on the 25th (local time), the final judgment written by Judge Arthur Engoron of the New York Manhattan District Court increased Trump's fine from $355 million to $454 million. This increase is due to the interest accrued during the three-month trial process.

The interest on the total fine, including that of former President Trump, amounts to $114,000 per day. The amount continues to accumulate until the fine is paid or deposited. Former President Trump can appeal the judgment within 30 days from the date the final ruling is issued, but to do so, he must deposit an amount equivalent to the fine in cash or bonds.

Major foreign media noted that since most of former President Trump's assets are tied up in real estate, it is unclear whether he has enough cash to make the required deposit. The Washington Post (WP) reported that, in this regard, Trump's legal team is negotiating with surety companies to provide as little collateral as possible.

This content was produced with the assistance of AI translation services.