The New York state attorney general, Letitia James, said that she will seize Donald Trump’s assets if he does not pay the $355m civil fraud fine stemming from his financial fraud trial. “If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James said to ABC News in an interview.
Quick Read
- New York Attorney General Letitia James plans to seize Donald Trump’s assets if he fails to pay the $355m civil fraud fine resulting from his financial fraud trial.
- James mentioned the potential seizure of Trump’s properties, including the 40 Wall Street skyscraper, to ensure the judgment is paid.
- The fine was imposed after a judge ruled that Trump and his associates, including his two eldest sons, falsely reported his net worth to secure better loan terms.
- Trump, his legal team, and supporters have criticized the verdict as politically motivated, with plans to appeal the ruling.
- James asserts the strength of her case, emphasizing that financial frauds have real victims and consequences.
The Associated Press has the story:
Letitia James says she will seize Trump’s assets if he fails to pay $355M fraud fine
Newslooks- (AP)
The New York state attorney general, Letitia James, said that she will seize Donald Trump’s assets if he does not pay the $355m civil fraud fine stemming from his financial fraud trial.
“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James said to ABC News in an interview.
James added that she would not hesitate to seize Trump’s buildings, including his 40 Wall Street skyscraper in Manhattan.
“We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day,” James told ABC.
Last Friday, a New York judge fined Trump, his two eldest sons, and associates $354.8m and $100m in pre-judgment interest after ruling that Trump had falsely reported his net worth to obtain more favorable loan terms. Trump, a former president and the likely Republican nomination for the 2024 presidential race, overstated his net worth by as much as $3.6bn a year, the judge, Arthur Engoron, ruled.
Trump and his legal team have denied any wrongdoing and decried the verdict as politically motivated. They have said they will appeal the ruling.
Trump’s attorney, Alina Habba, attacked the verdict as “manifest injustice” and part of a “multi-year, politically fueled witch-hunt that was designed to ‘take down Donald Trump’”.
Trump claimed on his platform Truth Social that there were no victims in the case.
But James told ABC that she believes in the strength of her case, noting that “financial frauds are not victimless crimes”
