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Letitia James Has Already Moved to Start Process of Seizing Trump Assets
While Donald Trump has until Monday to either post bond of $464 million or convince an appeals court to give him even more of a delay, New York State Attorney General Letitia James has already moved to start the process of seizing some of the ex-president’s assets, which she reportedly is legally required to do, to satisfy the judgment she won in her civil business fraud case.
On March 6, attorneys for the New York Attorney General’s Office “filed judgments in Westchester County,” CNN reports, calling it “the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.”
The judgments were filed “just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization.”
CNN adds there is also a judgment that has been entered in New York City “where Trump’s properties including Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel abutting Central Park, and numerous apartment buildings are located.”
READ MORE: ‘Next Up – Property Seizures’: Experts Analyze ‘Unbankable’ Trump’s $464 Million Bond Crisis
MSNBC reported last month that James has said, “We are prepared to make sure that the judgment is paid to New Yorkers, and, yes, I look at 40 Wall St. each and every day.”
Three years ago CBS News reported then-New York District Attorney Cy Vance was investigating the Trump Seven Springs resort.
According to CBS News, Trump has valued the property anywhere from $25 million to $300 million.
“New York District Attorney Cy Vance has been working on a criminal probe into possible bank tax and insurance fraud by the former president and his company. An engineer who once worked on Mr. Trump’s Seven Springs estate in Westchester County, New York, told CBS News he was recently subpoenaed by those prosecutors.”
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