Donald Trump’s staggering debt tracked LIVE as he’s hit with £69,000 per DAY interest

webnexttech | Donald Trump's staggering debt tracked LIVE as he's hit with £69,000 per DAY interest

Former US president Donald Trump is incurring a staggering £69,000 ($87,502) worth of interest in debt per day. The 77-year-old owes New York State more than £367million ($467million) at the time of writing after he lost a civil fraud trial that showed he lied about his wealth. With each day that passes, if he doesn’t pay back the money owed then the bill will just keep on rising an eye-watering amount. The initial verdict ruled that the billionaire owed £279million ($355million) in penalties, but with interest this has jumped up more another £88million ($112million) according to a new website tracker launched last month that details in realtime how much debt he is in – figures that increase massively by the second. The Donald Trump’s Debt: Live Counter’ also has a countdown for the other three upcoming trials and one hearing he is due to face this year. READ MORE: Donald Trump’s bloodbath warning as former president attempts to look like ‘rough guy’ These include the ‘hush money’, ‘classified documents’, and ‘Georgia interference’ trials along with the ‘presidential immunity’ hearings. The site was devised by Pennsylvania-based Democratic strategist Johnny Palmadessa and also includes a Trump quiz and a chatbot. The latter allows visitors to ask Trump questions that he refuses to answer and up claims that, “it is the only website actively being monitored by an accountant to ensure accuracy.” Following the declared wealth ruling on February 16, Judge Arthur Engoron said that Trump and his business falsely inflated his wealth and real estate values and ordered him to pay back what he owed. While Attorney General of New York Letitia James told ABC News a few days later that she will seek to seize some of Trump’s assets if he cannot pay back the money owed. She said: “If he does not have funds to pay off the judgement, then we will seek judgement enforcement mechanisms in court, and we will ask the judge to seize his assets.” For all the latest news, politics, sports, and showbiz from the USA, go to The Mirror US Trump refutes the ruling, denying any wrongdoing, and is appealing against it – but this still does not stop the interest debt against him rising daily. Under state law, he is being charged interest on that total at an annual rate of 9% and unless there is a court resolution or earlier resolution then by August next year he will be in around half a billion dollar’s worth of debt (£392million). Syracuse University Law Professor Gregory Germain noted that if he fails to give back the money though then the state, “Could levy and sell his assets, lien his real property, and garnish anyone who owes him money.” The legal tactic is common when a defendant does not have enough money to pay back a civil penalty. One infamous case was OJ Simpson in 1999 when his Heisman Trophy was seized and sold at auction to cover some of a £26.3million ($33.5million) wrongful death judgement against him.

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