New York AG To Sieze Trump’s Assets

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

( – New York Attorney General Letitia James argued that she was ready to move forward with having former president Donald Trump’s assets seized, including his famous property on 40 Wall Street if he did not have the necessary funds to cover the $355 million fine that the court placed on him last week following the end of the civil fraud case trial. 

On Tuesday during an interview with ABC News James stated that if Trump did not have the necessary funds then they would be seeking for the court to move forward with its judgment enforcement mechanisms. She added that they would be asking the judge to seize all of Trump’s assets.

On Friday, Judge Arthur Engoron gave Trump a $354.8 million penalty as well as around $100 million in pre-judgment interest. This ruling was about the fraud case against Trump where it was alleged that Trump and his business had defrauded banks and lenders by providing financial statements that had inflated his wealth. 

Trump and his team have already stated that they were planning to appeal the ruling in New York. 

Greg Germain, a law professor at Syracuse University of Law told Newsweek that Trump’s argument was strong as he was arguing that the attorney general was seeking to punish the past instead of focusing on preventing future use. He added that this would have required her to show all of the elements of fraud that are traditionally considered, which is something that Engoron had rules she had not. 

James revealed to ABC News that she was “very confident” and that she was already looking at which property she would seize first. As she said they were ready to ensure that the judgment was going to be paid to New Yorkers and that she was looking daily at 40 Wall Street.

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