New York state Attorney General Letitia James can start taking steps to collect on a $454-million fraud lawsuit judgment against Donald Trump, unless an appeals court intervenes. Last month, Judge Arthur Engoron ruled that Trump, his company and key executives deceived bankers and insurers by producing financial statements that hugely overstated his fortune.
On Monday, New York state Attorney General Letitia James can start taking steps to collect on a $454-million fraud lawsuit judgment against Donald Trump , unless an appeals court intervenes. Last month, Judge Arthur Engoron ruled that Trump, his company and key executives deceived bankers and insurers by producing financial statements that hugely overstated his fortune.
The judge kept the Trump Organization in business but ordered Trump to pay $355 million in penalties, plus interest that already has pushed the total over $454 million and is growing daily. Trump was ordered to post bond to pause enforcement of the judgment while he appeals, meaning he has until March 25 to either pay up or buy a bond covering the full amount. But the presumptive Republican nominee for president said this week that he was unable to post bond to cover the amount. James, a Democrat, said last month she was prepared to seek to seize some of Trump’s assets if he can’t pay. She has not said what, if any, she might target, though she did tell ABC News that her office is right across the street from a Trump-owned office building in Lower Manhattan. "I look at 40 Wall Street each and every day," she reportedly said. The Trump Organization owns a number of properties worldwide. Here’s a list of the specific properties cited in her fraud case as having "fraudulent, misleading values" that could be among the assets targeted by the state of New York if the appeals process does not intervene
New York Attorney General Letitia James Collect Fraud Judgment Donald Trump Appeals Court Lawsuit Judge Arthur Engoron Trump Organization Penalties Assets Properties
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Attorney General Prepares to Seize Trump’s Massive New York EstateLetitia James has effectively put a “blanket lien” on his sprawling, 212-acre property north of New York City.
Read more »
New York Attorney General takes initial step to prepare to seize Trump assetsTrump now has four days to satisfy the judgment or sway an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal.
Read more »
New York’s lawfare threat to democracyNew York Attorney General Letitia James's selective prosecution of Donald Trump is undermining democracy.
Read more »
New York City, New York job with Columbia Center for Translational ImmunologyThe Laboratory of Arnold Han MD, PhD is inviting applications for a dynamic and highly motivated postdoctoral research scientist to join his research program in immunology at Columbia University Vagelos College of Physicians and Surgeons.
Read more »
FOX 5 NY named official partner of NY Liberty, to broadcast 2024 gamesWNYW FOX5 New York has been named the Official TV Partner of the New York Liberty.
Read more »
Prosecutors Open to Delaying Start of Trump's New York TrialProsecutors are considering delaying the start of Donald Trump's New York hush-money criminal trial to allow his lawyers more time to review recently obtained evidence. The Manhattan district attorney's office is open to a 30-day delay, but opposes a longer postponement. The judge has yet to make a decision. Jury selection is set for March 25.
Read more »