The former president has to post a $454 million bond by Monday or his assets will be seized by the New York attorney general.

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.

  • arc@lemm.ee
    1·
    9 months ago

    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 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.