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Business

New York AG says Trump will seize assets if he fails to pay $355 million fine

thedailyposting.comBy thedailyposting.comFebruary 20, 2024No Comments

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New York Attorney General Letitia James said of Donald Trump and the Trump Building, Manhattan’s skyscraper: “We are prepared to make sure that New Yorkers get their sentences. Yes, I do it every day. “We’re looking at 40 Wall Street locations.”
Roy Rochlin via Getty Images.Justin Sullivan via Getty Images

  • New York AG Letitia James says she will seize Donald Trump’s assets if he fails to pay the fine.
  • “I look at 40 Wall Street locations every day,” James told ABC News, referring to the Trump Building.
  • The former president has strongly criticized the court’s ruling and is expected to appeal.

New York Attorney General Letitia James said former President Donald Trump could lose valuable buildings if he is unable to pay civil fraud fines.

“If we do not have the funds to repay the judgment, we will seek a judgment enforcement mechanism from the court and ask the judge to seize his assets,” James told ABC News in an article published Tuesday. Told.

The former president was fined $355 million last week in a New York civil fraud case. President Trump has strongly criticized the court’s ruling and is expected to appeal.

James told ABC News he was “very confident” in the case. He suggested he was considering occupying Trump’s Manhattan skyscraper, the Trump Building, if the Republican presidential front-runner didn’t pay up.

“We are preparing to ensure that judgments are paid to New Yorkers. Yes, I look at 40 Wall Street every day,” James said, referring to the property’s address.

Mr. James is not the only financial issue Mr. Trump should worry about. President Trump owes author E. Jean Carroll, who was convicted of sexual assault in 1996, $83.3 million in defamation damages.

President Trump’s legal debt is mounting and there are growing concerns that his economic woes could make him vulnerable to foreign manipulation.

Trump’s former national security adviser, John Bolton, told MSNBC on Sunday: “He’s dragged into these issues, his family is dragged into them. Foreign nationals are somehow involved in this situation. They will try to take advantage of it.” “They may already be doing it.”

Representatives for Mr. Trump did not immediately respond to a request for comment from Business Insider outside of normal business hours.

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