Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine
Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine
New York AG Letitia James tells ABC News that she is prepared to seize Donald Trump's assets if he is unable to pay the $354 million fine in his civil fraud case.
The New York attorney general made the remarks in an interview with ABC News.
Four days after a judge ordered former President Donald Trump to pay $354 million in his civil fraud case, New York Attorney General Letitia James told ABC News that she is prepared to seize the former president's assets if he is unable to find the cash to cover the fine.
"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James said in an interview with ABC News' Aaron Katersky.
Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Judge Arthur Engoron determined that he inflated his net worth in order get more favorable loan terms.
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Is there any ready estimate of the worth of those buildings?
It depends who you ask. Or who’s asking. If it’s a bank asking trump, they’re worth billions. If it’s the IRS asking trump, they’re worthless dumps.
And if you remove his name from the side of the building the property is worth 5% more, on average.
Tenants at a Trump owned condo in NYC argued that the Trump name on the building was lowering the value of their residences.
Luckily, one of those is the government that just requested the fine...
But when the taxman come to the door
Lord, the house lookin' like a rummage sale, yeah