Trump appeals fraud case as $112,000-a-day interest accrues - BBC News

The initial penalty in the New York trial was $355m, but it is soaring because of interest.

14 hours agoShareclose panelShare pageCopy linkAbout sharingRelated TopicsIndictments of Donald TrumpImage source, Getty ImagesBy Chloe KimBBC News, New YorkDonald Trump is appealing against a New York judge's ruling that he must pay $454m (£360m) in penalties and interest in a civil fraud case.

This month's judgement was $355m, but the amount has soared with interest, which will keep accruing by at least $112,000 per day.

New York Attorney General Letitia James has said if Mr Trump does not pay, she will seek to seize some of his assets.

He was found to have inflated property values to obtain better loan terms.

Judge Arthur Engoron also banned the former US president from doing business in the state for three years.

https://www.bbc.co.uk/news/world-us-canada-68407054

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