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