Benzinga – Former President Donald Trump was ordered to pay $355 million in penalties for fraud charges and profits on the sale of different assets.
The penalties have been accumulating interest at a rate of 9% per year and have snowballed to current liabilities above $450 million. The fine is growing at a rate of $2.6 million per month. The penalties have put Trump at risk of the court seizing his assets.
With a costly presidential campaign and high levels of financial scrutiny, Trump’s ability to repay the fine is questionable, and many wonder whether he will be able to pay it back at all.
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