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MoreBack to News Headlines
President Trump's New York fraud debt tops $500 million

President Trump's New York fraud debt tops $500 million

CBSN
Tuesday, April 8, 2025 7:15 PM GMT

President Trump's debt to New York from a civil fraud judgment passed $500 million on Tuesday, as interest continues to accrue while he appeals.

The figure has been growing ever since a lengthy civil fraud trial ended with Mr. Trump, two of his sons and a former Trump Organization executive ordered to pay back $364 million in disgorgement for "ill-gotten gains" and $100 million more in interest dating back years. 

They appealed 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. 

Read full story on CBSN
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