New York Attorney General Ready to Seize Trump’s Assets After $354M Civil Fraud Fine
In a recent interview with ABC News, New York Attorney General Letitia James stated that she is prepared to seize former President Donald Trump’s assets if he is unable to pay the $354 million fine ordered by a judge in his civil fraud case. This statement comes just four days after the judge’s ruling.
Judge Arthur Engoron’s decision to fine Trump $354.8 million, plus an additional $100 million in pre-judgment interest, was made after finding that the former president had falsely inflated his net worth to secure more favorable loan terms. Trump has vehemently denied any wrongdoing and intends to appeal the ruling.
In her interview, James expressed confidence in the strength of her case on appeal and emphasized her office’s determination to ensure that the judgment is paid to New Yorkers. She specifically mentioned Trump’s 40 Wall Street skyscraper as a potential target for asset seizure if Trump cannot cover the court-ordered disgorgement.
The attorney general refuted Trump’s claims that the case lacked any victims, emphasizing the importance of holding individuals accountable for financial fraud. James also dismissed Trump’s suggestion that the case would negatively impact business activity in New York, pointing out that tourism and Wall Street are thriving.
This latest development adds to Trump’s legal woes, including two civil cases against him by columnist E. Jean Carroll and pending election interference charges in Georgia. Despite Trump’s resistance, James remains resolute, concluding the interview with a pointed observation about women getting things done.
The civil fraud case against Trump marks a significant development in the legal battles faced by the former president, representing a long-standing effort to hold powerful individuals accountable for financial misdeeds. As the legal and political repercussions of this case continue to unfold, the implications for Trump’s financial and legal standing remain a focal point of public interest and debate.
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