Donald Trump’s New York fraud case has hit an astonishing $502 million in damages, marking a significant milestone. This massive figure was confirmed by a spokesperson for New York Attorney General Letitia James. With the judgment still accruing interest at a rate of $114,000 daily, Trump’s financial burden continues to grow. This will likely follow him as he prepares to take office as the 47th president of the United States, despite his ongoing appeal efforts, CBS News reports.
The civil case stems from claims that Trump inflated the value of his properties to secure favorable loans and interest rates. He, along with his two sons and a former executive, was ordered to pay the state of New York after a judge found them liable for fraud. Trump is personally responsible for nearly $490 million of the total amount.
Though the judgment is under appeal, it is expected to continue accumulating interest until a decision from the New York appellate court is made, which could come in the next few months. Along with this case, Trump also faces additional financial challenges, including owing over $88 million to journalist E. Jean Carroll following separate sexual abuse and defamation trials, both of which he is also appealing.
