Letitia James warns of seizing Trump’s prized possession if penalty remains unpaid

New ‍York Attorney‍ General‌ Vows⁣ to Seize Trump’s⁢ Assets if He Fails to Pay $354 ​Million Fine

In a bold move, ⁤New York Attorney General Letitia⁢ James has declared ​that she will take legal ‍action‌ to seize former President Donald Trump’s assets⁢ if⁢ he cannot pay his hefty $354 million⁢ fine. James is determined to hold ‌Trump accountable for his alleged involvement in civil⁤ fraud.

Speaking to ABC News, James stated, ‌”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. We are prepared‍ to make sure that the ‍judgment ⁢is paid to New ⁤Yorkers, and yes, I look at 40‌ Wall Street each and every day.”

Trump was slapped with the massive fine after Judge Arthur Engoron found him guilty of inflating his net worth and his company’s net worth to secure more favorable loan agreements. However,⁣ Trump vehemently denies any wrongdoing and plans to appeal ⁤the ruling.

Undeterred by Trump’s claims, James confidently stated, “I am‌ confident that we will win the appeal.” She​ also emphasized that financial fraud is not a⁣ victimless crime and stressed the importance of ensuring fairness in the financial market ‌for New​ Yorkers.

Engoron’s ruling not only imposed the substantial fine​ but also banned Trump from holding any officer or director positions in New ‌York corporations or legal entities for three⁢ years. Additionally, Trump’s sons, Donald Trump Jr. and Eric⁤ Trump, are prohibited from ‍conducting business in New York⁣ for two years.

If ⁣both defamation verdicts and Engoron’s order are upheld after the expected appeals process, Trump could potentially face a staggering loss of up to $450 million across ‌all three cases.

What‍ is Letitia James’ stance on former President Donald​ Trump and his alleged involvement⁢ in civil fraud?

New York Attorney ⁤General Letitia James has taken a firm stance against ​former President Donald Trump, ⁢vowing to seize his assets if he fails to‍ pay a $354 million fine. This bold move by James⁤ is a clear indication of her determination to hold‍ Trump accountable for his alleged involvement in civil fraud.

In an ⁣interview with ABC News, James confidently stated⁢ that if Trump cannot pay⁣ off the judgment, her office will seek​ legal enforcement mechanisms in ‍court to seize ​his assets. She emphasized that the aim is to ensure that the judgment is paid to New Yorkers, and not to let Trump evade his responsibilities. James also expressed her personal connection to the matter, remarking that she looks at‍ 40 Wall Street, a property owned by⁤ Trump, every day.

The massive​ fine was imposed on Trump by Judge Arthur Engoron after finding him guilty of​ inflating ⁣his net worth and his company’s net worth to secure more favorable loan agreements. However, Trump vigorously denies ⁢any wrongdoing and has plans⁤ to⁢ appeal the ruling.

Undeterred ⁣by‍ Trump’s claims, James exudes ‌confidence ​in her office’s ability to‍ win the appeal. She stresses that‍ financial fraud is not​ a ⁢victimless crime and emphasizes the importance of fairness in the financial market for New ​Yorkers.

Engoron’s ruling not​ only imposed the substantial fine but also barred Trump​ from holding⁣ any officer or director positions in New York corporations or legal entities for⁤ three years. Furthermore, Trump’s sons, Donald Trump Jr. and Eric Trump, are⁣ prohibited⁤ from conducting​ business ‌in New York‌ for two years.

Considering ‌the‌ potential consequences, if both the defamation verdicts and Engoron’s order ⁤are upheld after the expected appeals process, Trump could face a staggering loss of up⁢ to $450 million across all three cases.

This latest development in the legal ​battles ​between Trump and the New ‍York ⁢Attorney General’s office highlights the determination to⁢ ensure accountability, regardless of one’s previous status. Letitia James is unwavering ‌in ​her pursuit of justice and is ready to take the necessary actions to seize Trump’s assets if he fails to pay the fine deemed necessary by the court. Time will tell how this legal battle unfolds and what the ⁣ultimate outcome will be for both Trump and⁤ the pursuit of justice in New York.

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