Judgment in Trump's New York fraud case stands at $502 million ahead of inauguration
CBSN
Quietly, just before the calendar turned for the new year, an already whopping debt tentatively owed by President-elect Donald Trump and co-defendants in his New York civil fraud case hit an eye-popping, interest-accumulating milestone: half a billion dollars.
Trump, two of his sons and a former executive at his company were ordered in February 2024 to pay $364 million in "ill-gotten gains" and millions more in interest dating back years. The figure, which was then $464 million, continued to accrue more than $114,000 in interest per day. The judgment is on appeal.
The total crossed $500 million on Dec. 29, and stands at more than $502 million on Thursday, a spokesperson for New York Attorney General Letitia James confirmed.
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