$100 MM in interest accrued for the delay before the verdict
The fine for former U.S. President Donald Trump, who was indicted for manipulating the value of real estate to get favorable loan and insurance rates, has ballooned to over $454 million.
The Guardian in the UK reported on the 25th (local time) that the final verdict made by Judge Arthur Engoron of the New York Manhattan District Court confirmed that the fine against Trump would be at least $454 million.
This amount includes the original fine of $354 million and an additional $100 million in interest accrued before the verdict. The fines for Trump’s two sons have also increased from $4 million each to $4.7 million each, including interest.
The total interest on the fines, including for Trump, is reported to be $114,000 per day. The interest will be charged until the Trump team pays the fine or deposits the funds for an appeal.
Trump has 30 days from the date of the final verdict to file an appeal. He has already expressed his intention to appeal and is in the process of raising the funds for the fine deposit.
The Guardian pointed out that Trump has two options: paying the full amount of the fine or securing a lien on his assets.
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