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Trump assets may be seized by NY attorney general: Report

New York State Attorney General Letitia James at a news conference in Manhattan on March 28, 2019. (Byron Smith/New York Daily News/TNS)
March 22, 2024

A new report claims the office of Democratic New York Attorney General Letitia James has taken the first step in preparation of seizing former President Donald Trump’s assets.

CNN reported Thursday that the New York Attorney General’s Office has filed judgments in Westchester County, where Trump’s Seven Springs golf resort is located. The outlet noted that entering a judgment in counties where the former president currently owns properties is the first step required to seize the assets if Trump is not able to post bond.

In February, New York Judge Arthur Engoron ruled that the former president, two of his sons, and the Trump Organization had falsely inflate business assets and committing business fraud. As a result, the New York Judge ordered them to pay approximately $464 million, according to CNN.

According to The Hill, Trump currently has four days left to secure funding to post a $454 million surety bond before the New York attorney general can begin to seize his assets to cover the cost of the bond. If the former president is able to post the surety bond, Engoron’s judgment would be temporarily paused while Trump appeals the judge’s decision.

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In addition to the judgment in Westchester County, CNN reported that a judgment has already been entered in New York City, where Trump Tower and 40 Wall Street are located.

On the other hand, CNN reported that no judgments have been filed in the Florida counties of Miami or Palm Beach, where Mar-a-Lago and the Trump National Doral Golf Club are located. Additionally, judgments have not been filed against the former president in Cook County, Illinois, which houses the Trump International Hotel & Tower in Chicago.

During a previous interview with ABC News, James threatened, “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.”

While the New York attorney general has suggested Trump could sell some of his assets to cover the cost of the surety bond, both the former president and his lawyers have pushed back against the suggestion.

In a Thursday post on Truth Social, Trump explained, “If I sold assets, and then won the Appeal, the assets would be forever gone. Also, putting up money before an Appeal is VERY EXPENSIVE. When I win the Appeal, all of that money is gone, and I would have done nothing wrong.”