The New York Attorney General, Letitia James, has been drawing attention to the mounting interest on Donald Trump's substantial fraud judgment. Her social media account is posting the exact daily increase, which now exceeds $110,000.
The $464m judgment against Mr Trump, his adult sons, and other defendants is accruing post-judgment interest at a rate of 9 per cent. The total owed to the state amounts to roughly $364m plus at least $100m in interest, with Mr Trump's portion alone costing over $112,000 each day.
Ms James has stated she is prepared to seize Mr Trump's assets if necessary, telling ABC News last week: 'We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day.'
Mr Trump's legal team has filed notice of an appeal but has not posted bond, which would be required to stop collections on the judgment. He has 30 days to post a bond, which would involve paying the full judgment as a deposit or surety bond.
The final judgment follows a three-year investigation and an 11-week trial. Justice Arthur Engoron's ruling, released on 16 February, found that Mr Trump and others fraudulently inflated his net worth and assets over a decade to secure favourable financing terms.
