New York Attorney General Letitia James (D) says she is prepared to seize former President Trump’s assets if he does not pay the nearly $355 million judgment imposed in last week’s civil business fraud trial. I made it. told ABC News on Tuesday..
“If he does not have the funds to repay the judgment, we will ask the court for a mechanism to enforce the judgment and we will ask the judge to seize his assets,” she told ABC News.
The $355 million judgment handed down Friday, along with an additional $100 million in prejudgment interest, is the largest financial penalty imposed against Trump and his companies in his various lawsuits. . Legal experts have speculated that the hefty fine may force President Trump to sell part of his real estate empire.
Trump’s lawyers have vowed to appeal the case, accusing Judge Arthur Engoron of judicial error and calling it politically motivated. President Trump’s lawyer, Alina Haba, said the ruling was a “clear injustice” and part of “a years-long politically-fueled witch hunt aimed at ‘bringing down Donald Trump.'” He said that it was the culmination of the project.
James said he was confident the appeal would be successful and named Trump’s 40 Wall Street Tower as one of the assets that could be taken away.
“We are preparing to make sure New Yorkers get their verdict. Yes, I look at 40 Wall Streets every day,” she said.
Mr. Trump and his companies were found responsible for business fraud, specifically manipulating asset values to obtain favorable insurance rates and financing terms. The ruling also banned Trump from working in the real estate industry in New York for three years.
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