Attorney General Letitia James “is acting appropriately under the law” and “by law has no choice” but to go after Trump’s assets, after he was found liable for civil business fraud, according to a Fox News report.
“The lawyers we talked to say she is acting appropriately under the law, which says when Judge Engoron issued his civil fraud penalty, James, by law, has no choice other than to go after Trump’s assets to pay that penalty,” Fox News stated Wednesday.
Trump’s attorneys have said it is a “practical impossibility” to secure a $464 million bond, but James’ Office on Wednesday poked holes in that claim, and the “improper” method by which it was conveyed.
As recently as Tuesday, Trump alleged the “legal lawfare” is “election interference.”
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“There’s nothing political about it,” Justin Kelton, a business and political litigator, on-camera told Fox News. “This is a valid judgment entered by a court with jurisdiction over the matter and she is proceeding in the routine course in seeking enforcement.”
Fox News adds experts say that Trump “can declare bankruptcy” if he “cannot come up with the cash,” and notes his companies have declared bankruptcy before.
If Trump does not receive a stay by Monday, “Letitia James and the legal process will start working on potentially seizing his assets.”
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Image by Mattia Panciroli via Flickr and a CC license