{"id":18183,"date":"2025-04-08T20:58:11","date_gmt":"2025-04-08T20:58:11","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/president-trumps-new-york-fraud-debt-tops-500-million\/"},"modified":"2025-04-08T20:58:11","modified_gmt":"2025-04-08T20:58:11","slug":"president-trumps-new-york-fraud-debt-tops-500-million","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/president-trumps-new-york-fraud-debt-tops-500-million\/","title":{"rendered":"President Trump&#8217;s New York fraud debt tops $500 million"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-new-york-fraud-case-502-million-inauguration\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">President Trump&#8217;s debt<\/a><\/span> to New York from a civil fraud judgment passed $500 million on Tuesday, as interest continues to accrue while he appeals.<\/p>\n<p>The figure has been growing ever since a lengthy <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/read-trump-new-york-fraud-case-decision-fine-sanctions\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">civil fraud trial ended<\/a><\/span> with Mr. Trump, two of his sons and a former Trump Organization executive ordered to pay back $364 million in disgorgement for &#8220;ill-gotten gains&#8221; and $100 million more in interest dating back years.\u00a0<\/p>\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-bond-appeals-court-new-deadline\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">They appealed<\/a><\/span> the February 2024 judgment but interest has continued to build, at a rate of more than $114,000 per day. The total for all defendants hit $500 million on Dec. 29.\u00a0<\/p>\n<p>That figure is now nearly $512 million, and Mr. Trump&#8217;s personal share \u2014 98% of the total judgment \u2014 was at $500,070,167.42 on Tuesday morning, according to a spokesperson for New York Attorney General Letitia James, who brought the case against Trump and others.<\/p>\n<p>James&#8217;s office has said the judgement reflects the size of Mr. Trump&#8217;s profits from fraud. The defendants were accused of a multi-year scheme to cheat banks and insurers by inflating property valuations and estimates of Mr. Trump&#8217;s wealth.<\/p>\n<p>James declined to comment Tuesday. Attorneys for Mr. Trump did not reply to requests for comment.<\/p>\n<p>Judge Arthur Engoron said evidence proved &#8220;over and over again&#8221; that the defendants provided &#8220;blatantly false financial data&#8221; to Mr. Trump&#8217;s business partners. Engoron concluded that the scheme allowed Mr. Trump and his company to gain massive windfalls through deal terms that they wouldn&#8217;t have otherwise gotten.\u00a0<\/p>\n<p>Mr. Trump blamed his employees and others during several hours of <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/donald-trump-testifies-new-york-fraud-trial\/\" data-invalid-url-rewritten-http=\"\">testimony in November 2023<\/a><\/span>. Trump said on the stand that his company &#8220;underestimated&#8221; the value of his properties, because the value of his brand was not being factored into the estimates at the heart of the case.<\/p>\n<p>He claimed the case was brought in order to tarnish his reputation.<\/p>\n<p>Soon after the judgment, Trump and his co-defendants brought the case to New York&#8217;s Appellate Division, First Department. In September, at least two of five justices on the appeals panel <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-fraud-appeals-court-489-million\/\" data-invalid-url-rewritten-http=\"\">appeared skeptical<\/a><\/span> of the size of the judgment. One called it &#8220;immense&#8221; and &#8220;troubling.&#8221;\u00a0<\/p>\n<p>Nearly six months later, the court has yet to rule, and the debt continues to grow.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/graham-kates\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Graham Kates<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Graham Kates is an investigative reporter covering criminal justice, privacy issues and information security for CBS News Digital. Contact Graham at KatesG@cbsnews.com or grahamkates@protonmail.com<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/donald-trump-new-york-fraud-debt-500-million\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump&#8217;s debt to New York from a civil fraud judgment passed $500 million on Tuesday, as interest continues to<\/p>\n","protected":false},"author":1,"featured_media":18184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[157],"class_list":["post-18183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-donald-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Trump&#039;s New York fraud debt tops $500 million - World News<\/title>\n<meta name=\"description\" content=\"The figure has been growing while President Trump appeals a 2024 judgment finding he and his company liable for fraud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/president-trumps-new-york-fraud-debt-tops-500-million\/\" \/>\n<meta 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