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Thursday, March 21, 2024 5:23:01 PM
New York AG takes 1st step toward possibly seizing Trump's assets as part of $464M fraud judgment
Source: ABC News
New York Attorney General Letitia James has taken an initial step toward laying the groundwork for a possible seizure of former President Donald Trump's assets in New York's Westchester County as part of the $464 million judgment in Trump's civil fraud trial.
State officials have entered the judgment from Trump's civil fraud trial in Manhattan with the county clerk's office in Westchester, which would allow James to move to take possession of Trump National Golf Course in Briarcliff Manor and Seven Springs, a private estate in Bedford, if Trump fails to secure a bond.
His lawyers this week said Trump is facing "insurmountable difficulties" obtaining a bond to cover the $464 million judgment imposed by Judge Arthur Engoron. They have asked an appeals court for permission to post a smaller bond or none at all.
If Trump does not secure a financial guarantee by Monday's deadline, James could begin the legal process of seizing Trump's bank accounts and physical assets in Manhattan and Westchester through liens and foreclosures.
Read more: https://abcnews.go.com/US/trumps-attorneys-appeals-court-secure-464m-bond-fraud/story?id=108347165
Source: ABC News
New York Attorney General Letitia James has taken an initial step toward laying the groundwork for a possible seizure of former President Donald Trump's assets in New York's Westchester County as part of the $464 million judgment in Trump's civil fraud trial.
State officials have entered the judgment from Trump's civil fraud trial in Manhattan with the county clerk's office in Westchester, which would allow James to move to take possession of Trump National Golf Course in Briarcliff Manor and Seven Springs, a private estate in Bedford, if Trump fails to secure a bond.
His lawyers this week said Trump is facing "insurmountable difficulties" obtaining a bond to cover the $464 million judgment imposed by Judge Arthur Engoron. They have asked an appeals court for permission to post a smaller bond or none at all.
If Trump does not secure a financial guarantee by Monday's deadline, James could begin the legal process of seizing Trump's bank accounts and physical assets in Manhattan and Westchester through liens and foreclosures.
Read more: https://abcnews.go.com/US/trumps-attorneys-appeals-court-secure-464m-bond-fraud/story?id=108347165
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