New York Attorney General Letitia James said Tuesday that if she is unable to recover a $355 million judgment against Donald Trump, her assets, including some of his prized assets in the Big Apple, will be destroyed. ) has vowed to ask a judge to seize the property.
“If we don’t have the funds to pay off the judgment, we will ask the court for a mechanism to enforce the judgment and we will ask the judge to seize his assets,” James said. told ABC News.
James said the former president would also have to cough up the money as he appeals Manhattan Supreme Court Justice Arthur Engoron’s bombshell Friday ruling that fined Trump, 77. , the amount is mind-boggling.
Trump and others were ordered to pay a total of $450 million, including interest, for a total of $364 million, according to the AG’s office.
Mr James said he was “very confident” the real estate mogul, who denounced Friday’s ruling as “a complete and utter sham”, would be unsuccessful in his appeal against Friday’s ruling.
The state’s attorney general is open to targeting Trump’s famous 40 Wall Street tower and other prime locations in the city if he can’t come up with the funds to cover the hefty fine. He added that it would be.
“We are ready to make sure that judgments are paid to New Yorkers. Yes, I look at 40 Wall Street every day,” James, who has a downtown Manhattan office, told the magazine. .
Throughout last year’s three-month civil fraud trial, Mr. Trump and his lawyers repeatedly maintained that there were no victims in Mr. James’ case, and that Mr. Trump spent a decade trying to secure better loan terms. He claimed in his financial statements that he had inflated his assets by billions of dollars a year. . Trump’s side said he had repaid all loans and banks he borrowed from.
Mr James told the ABC: “Financial fraud is not a victimless crime.
“He engaged in this huge fraud. It wasn’t just a mistake or a slight oversight, the variations were greatly exaggerated and the scope of the fraud was astonishing,” she said. “If the average New Yorker went to a bank and submitted false documents, the government would confront them with the books, and the same should be true for a former president.”
President Trump also claimed that the Engoron decision would keep businesses out of New York, a claim James disputed. “Last I checked, tourism is doing well.
“Wall Street is doing well,” she added.
Trump’s lawyers did not immediately respond to a request for comment from The Post on Tuesday night.
