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How Justice Engoron's numbers add up for Trump's penalty in the N.Y. fraud trial

NEW YORK - Donald Trump this month was ordered by a New York Supreme Court justice to pay a penalty of $354,868,768, plus interest that continues to accrue, because the former president and his company were found to have used false financial statements that deceived banks and insurance companies.

Justice Arthur Engoron's ruling in the case came to $363,894,816 with the inclusion of $9,026,048 in penalties against Trump's two adult sons and another company executive. Adding prejudgment interest brought the total for all defendants to more than $464 million.

Trump's wealth has long been a subject of debate and those figures raised questions about his ability to pay the judgment. The Bloomberg Billionaires Index recently estimated his net worth at $3.1 billion, with $600 million in cash assets. Last year, Forbes put his total value at $2.5 billion.

https://www.washingtonpost.com/politics/2024/02/25/trump-354-million-penalty-judgment/

 

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