New York Attorney General Letitia James has threatened to seize the commercial real estate assets of former President Donald Trump if he fails to pay the fines levied against him in his civil fraud trial.
James, a Democrat, told ABC News she is prepared to take control of Trump’s assets.
“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,” James said.
Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Judge Arthur Engoron ruled the real estate mogul-turned-politician overinflated the value of his properties when seeking bank loans.
“Financial frauds are not victimless crimes,” James continued. “He engaged in this massive amount of fraud. It wasn’t just a simple mistake, a slight oversight, the variations are wildly exaggerated, and the extent of the fraud was staggering. If average New Yorkers went into a bank and submitted false documents, the government would throw the book at them, and the same should be true for former presidents.”
James also dismissed Trump’s warning that his case would cause other businesses to leave New York.
“Last I checked tourism is up. Wall Street is doing just fine,” James said.
James’ comment echoes remarks made by New York Gov. Kathy Hochul, who insisted the Trump case was an anomaly and the state was not seeking to prosecute “law-abiding and rule-following” business owners.
Photo courtesy of Letitia James’ Facebook page
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She’s an idiot. So is the judge. Going after a President they don’t like. Watch what God does to them. As far as her saying businesses will NOT leave New York, This trial has ALREADY caused investors and businesses to leave New York. Her flippant, in-your-face, smart-aleck comments on the stand show just what kind of person she is. Not much. And her everyday belligerent all-powerful attitude is what WILL bring her down. AND, she certainly does NOT represent the majority of WOMEN.
These politicians and judges are so corrupt. America needs to wake up to this appalling witch-hunt. I am incredibly disappointed in WRENEWS for ongoing biased reporting.
Bel, I am sorry that you are disappointed in us. We strive for objective reporting and do not put our opinions into the daily news coverage. This is why we welcome a spirited and friendly exchange of reader opinions in our comments sections.
I agree with you. This is disgrace to America.
BRAVO, CONGRATULATIONS AND KUDOS TO AG TISH JAMES.
By all means, keep Donald John Trump’s to the inferno because
” No one is above the law in America.” Hence, you break the law … you pay the price even IF you are a former POTUS.
Simply put, there are:
NO EXCEPTIONS ALLOWED.
Sandra M Johnson, (“Woke” Karen) YOU are the very reason this country is in the situation it is. Educate yourself before posting idiotic comments on social media forums. How many bank/bank employee depositions and sworn testimony need to be submitted clearly stating NO FRAUD existed or occurred (and clearly ignored by a BIASED Judge & AG), more sworn testimony & affidavits of actual values of Mar-a-Lago (among other properties) by actual local real estate professionals (and not “Tish” James, NOT a RE professional anywhere, let alone FLA) and a lack of actual due-process court proceedings do you need to see, and then ignore yourself, that can cause you to make such an uninformed, uneducated comment and posting on???? WAKE UP!
What a statement when it’s so clear that Trump IS the exception.
Even the equally corrupt governor of New York admitted as much.
There has been NO JUSTICE for him.
It’s sad to think you know so little outside of lefty headlines and not the facts,
Seriously? No exceptions?? You can’t think of even one?!?!?
This and other Trump related prosecutions are a witch-hunt.
Curious how the prosecutors are all black?
Curious how they are democrats?
The prosecution, the threat of financial penalties, the unrelenting nature of these attacks, all seem like 3rd world tactics to sqash any threat to establishment.
A $300m+ penalty when (a) no financial damage has been done;
(b) no bank filed the complaint; (c) no bank opposed the valuations is so co.pletely absurd that if it wasn’t real, we would laugh and say it’s a Hollywood film.
EVERY borrower exaggerates their net worth… be it the value of their auto, wages they earn, potential impact of the loan, whatever….
As a professional appraiser, I an tell you that a valuation is an opinion of value…. not a science or mathematical fact. As such, it is subject to differing opinions.
That Trump believes his home.is worth whatever 20 billion, is an opinion …. and then THE LENDER doing their own due diligence PRIOR TO THE LOAN make THEIR determination on value, risk assessment, etc., PRIOR TO funding or providing rates.
In this case, NO LENDER has complained. This is the democratic party, using racism, to fuel the fire against Trump.
If anyone truly believes our country is better today than 4 years ago, please travel to the Texas border or Times Sq in NY.
The influx of illegal immigrants gangs is in Biden
If anyone likes our gas prices…Thank Biden
If anyone thinks handing money (billions) to thr Ukraine while our cities can’t do enough for the homeless….thank Biden
and if anyone doesn’t think that Boden is an absolute thief…. I have some swamp land to sell you
I’m not a Trump fan but I am amazed how our country has become just like South America…. those on top openly stealing without shame
Severe case of TDS and a corrupt character.
No equal justice under the law – just decadent injustice.
The scope and size of the ruling was absurd. No Bank lost money. We are never Trumpers but recognize this was well over the top and was clearly selective prosecution