New York Attorney General Letitia James can target any of former President Donald Trump’s assets from “across the world” in order to pay the $454 million judgment he owes, according to lawyer Renee Zaytsev on Saturday.
In February, Judge Arthur Engoron ordered Trump to pay $355 million, plus interest, and barred him from doing business in New York for three years after finding him liable for financial fraud in September 2023 in a lawsuit brought on by James’ office. Trump, the presumed GOP presidential nominee in the 2024 election, has claimed that he has done nothing wrong and that the case is politically motivated against him. He has appealed Engoron’s judgment.
Meanwhile, the former president has until Monday to come up with a $454 million bond to stop James from seizing his assets in order to pay Engoron’s judgment.
MSNBC’s Katie Phang asked Zaytsev onThe Katie Phang Show on Saturday about what James could do if Trump can’t come up with the bond.
I just want her to start with Mar-a-Lago.
Been reading there’s too many complications (different state for one, more red tape) for the value. They’re going for the low-hanging fruit right off, liquid money like bank accounts, working their way up from there.
I think it also has been borrowed against to the gills.
I think it would make sense to seize & sell assets in New York but I bet there are some really complicated ownership deals on his properties and some will be laden with lease agreements, debt, mortgages etc. They might see Mar-a-lago as having a clean ownership making it worth the effort of going after.
Is that legal? I mean, does she have the security clearance needed to repo that one?
It was on the list of properties she was considering so I assume so. I really don’t know why it wouldn’t be.
I just wanted to make a joke about one of his many egregious crimes. I hope she takes everything he owns.
It would be interesting because that was one of the properties that had fraudulently inflated values.
Nah she doesn’t want that piece of shit.