Lawyers from the New York state attorney general’s office have written a letter to the state appellate court handling Donald Trump’s punishment for business fraud, ignoring the former president’s claims that he cannot raise bail to cover the hefty fine. said it should.
Attorney General Letitia James announced a move to seize Trump’s assets as soon as Monday, coinciding with a deadline for him to obtain $454 million in bail money requested to cover a civil fraud judgment during Trump’s appeal process. There is a possibility of starting.
Shortly after the letter arrived, Mr. Trump’s campaign warned that it could lose property in New York and called on its 1 million supporters to donate.
“Keep your dirty hands out of Trump Tower!” read a message to supporters from a joint fundraising committee that allocates funds to the Trump campaign and another political committee that is paying for Trump’s legal fees. Ta.
The New York Post reported on Wednesday, citing friends of the president, that the president had passed Monday’s deadline to move James, including to track him down at the flagship Trump Tower on New York’s Fifth Avenue, where he worked before Trump took office. It was reported that there is a possibility that action will be entrusted to the government. He first ran for the White House on a golden escalator in a skyscraper.
Trump’s lawyers said two days ago that it was “unrealistic” for him to post bail that covers the entire $454 million civil fraud judgment against him while he appeals it, because 30 surety companies have rejected him. “It’s impossible,” he said.
James’ office expressed skepticism about the timing and nature of Trump’s claims. letter Senior Assistant Attorney General Dennis Huang sent the following message: first reported By CNN.
Mr. Trump claimed he was worth billions of dollars and testified last year that he had about $400 million in cash, along with real estate and other investments.
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He said earlier this year that Trump, his company, the Trump Organization and executives, including his sons Eric Jr. and Donald Jr., had hatched a long-running scheme to defraud banks and insurance companies by inflating their assets. He was appealing the judgment of Judge Arthur Engoron. Concerning financial statements used to secure loans and conduct transactions.
Engoron ordered President Trump to pay a $355 million fine and interest, which at the time of sentencing had grown to more than $450 million, with additional penalties to be imposed. Interest $112,000 A bond is required during the appeal process as it occurs on a daily basis. This is an $83.3 million payout on top of the $5 million a jury awarded Trump last year for defaming author E. Jean Carroll during her civil suit for sexually assaulting her in the 1990s. This, in addition to the January order, has made the situation even worse. his financial difficulties;
Mr. James said he would not hesitate to seize President Trump’s buildings, including the 40 Wall Street skyscraper in Lower Manhattan’s financial district, and said he was thinking about it “every day.” She didn’t mention Trump Tower uptown.
Trump’s latest campaign appeal reads: “Before the day is over, we’re calling on 1 million pro-Trump patriots to join us.”
Report contributed by Reuters
