New York Judge Engoron fined Trump $355 million on Friday after the former president was found liable of business fraud.

An online fundraiser for former President Donald Trump has racked up $84,354 out of a $355 million target in just 24 hours following the final judgement in his civil fraud trial in New York.

On Friday, Trump was fined roughly $355 million by New York Judge Arthur Engoron following a monthslong trial. The trial was to determine how much Trump and his associates would pay after New York Attorney General Letitia James filed a lawsuit in September 2022 accusing the former president, his two adult sons, Donald Jr. and Eric, The Trump Organization and two firm executives, Allen Weisselberg and Jeff McConney of fraudulently overvaluing assets to secure more favorable bank loans and taxation deals.

The former president was also barred from doing business in New York for three years. Other defendants in the case also faced financial penalties and were banned from doing business in New York for periods of time. Meanwhile, Trump, who is the GOP frontrunner in the 2024 presidential election, has denied any wrongdoing and claims the case was politically motivated.

  • Flying Squid@lemmy.world
    85·
    9 months ago

    If my math is correct, at that rate, he only has a little less than 11 years to go to raise the target amount!

    • Tolookah@discuss.tchncs.de
      161·
      9 months ago

      Nah, I read in another thread that interest on it was beyond that, but at about 5%, that’s nearly 50k/day.

      • Steve@startrek.website
        15·
        9 months ago

        Compound interest is complicated but I figure at least 30 years if $84k per day holds up. Of course Don only has a few years left so why would the donations keep coming?

        • Flying Squid@lemmy.world
          3·
          9 months ago

          Because he’s going to pass the torch to one of his kids and his idiot followers will probably believe he transferred his soul into him too.

      • KevonLooney@lemm.ee
        7·
        9 months ago

        Judgements in NY State have an interest rate of 9%. And he has to pay it within 30 days. This isn’t going to raise that much and it’ll be stolen anyway.

        • Bloodyhog@lemmy.world
          0·
          9 months ago

          Meaning they’d better ramp it up a little closer to $12m daily to get there on time. That is, if the platform do not wake up and enforce its own rules.