The former president has until Monday to come up with a bond amount or he could face property seizures.
If Letitia James makes a move to seize Donald Trump’s properties to pay for his New York civil fraud fine, she could be depriving him of a number of valuable assets.
The former president has until March 25 to come up with a bond amount or the New York Attorney General could begin seizure of some of the former president’s assets and properties after Judge Arthur Engoron ruled that Trump has to pay roughly $355 million in penalties for fraud, a number that exceeds $464 million once interest is added.
The February ruling stated that Trump and top executives at the Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers.
The lawsuit, brought by James, initially sought $250 million in damages, but she later increased this figure to $370 million, plus interest.
This week, the former president’s legal team said paying the full civil fraud penalty would be « a practical impossibility » leading to speculation that James could soon start seizing Trump properties.
Trump Park Avenue, New York, N.
