New York AG Letitia James tells ABC News that she is prepared to seize Donald Trump's assets if he is unable to pay the $354 million fine in his civil fraud case.
After each verdict Trump has a 30-day window to come up with cash or a bond to appeal. If he doesn’t meet that requirement they can immediately begin seizing his assets. If he meets that requirement, enforcement will be stayed pending the appeal. He also can’t appeal if he doesn’t meet that requirement. With interest, he needs to come up with close to half a billion to appeal all three civil cases he lost.
Well he claims he is a multi-billionare with over 400 million in cash and a total of almost 10 billion in assets, I’m sure he will be paying something that small quickly and with no drama whatsoever. Right?
Thanks for that. So the next few days will be interesting. My guess is he’ll wait until nearly the last day to file an appeal - to drag proceedings out as much as possible.
The article didn’t mention anything about a time frame? So when might this happen? Before the appeal is heard maybe?
After each verdict Trump has a 30-day window to come up with cash or a bond to appeal. If he doesn’t meet that requirement they can immediately begin seizing his assets. If he meets that requirement, enforcement will be stayed pending the appeal. He also can’t appeal if he doesn’t meet that requirement. With interest, he needs to come up with close to half a billion to appeal all three civil cases he lost.
The thought of him losing his buildings months before the election makes me so happy!
Well he claims he is a multi-billionare with over 400 million in cash and a total of almost 10 billion in assets, I’m sure he will be paying something that small quickly and with no drama whatsoever. Right?
You wanna buy a sneaker??
Thanks for that. So the next few days will be interesting. My guess is he’ll wait until nearly the last day to file an appeal - to drag proceedings out as much as possible.