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 sieze trump tower and put it up the auction. Then Trump will be confronted by the true value of the property, and the banks will come knocking for the shortfall on the loans they granted based on the inflated value.
I think I read a CNN blurb article that insinuated that they don’t want to really go after Trump’s real estate. But they will if necessary. Because it’s a lot of work and delays to do, due to other creditors having liens so they feel that the return on the effort won’t be good enough.
They want the cash and liquid assets they can more easily get and convert first. And if they get those assets, then Trump will probably need to sell a chunk of his real estate to cover his loans and all his creditors can then start fighting over the carcass.