New York’s Attorney General says she will seize Donald Trump’s assets if he fails to pay $355 million fine
New York’s Attorney General, Letitia James, has vowed to take over Donald Trump’s properties if he fails to pay the $355m penalty for his NYC financial fraud case.
James told ABC News on Tuesday night that she would use legal means to force Trump to surrender his assets if he does not have enough money to cover the fine.
“We will ask the judge to seize his assets,” James said. “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.”
James was referring to Trump’s skyscraper in Manhattan, one of the many buildings the state could seize.
Why the fine?
The fine was imposed by a New York judge last Friday, after finding Trump, his two eldest sons, and associates guilty of inflating his net worth to get better loan terms.
The judge, Arthur Engoron, said Trump exaggerated his net worth by up to $3.6bn a year, when he was running for president in 2016 and 2020.
Trump and his lawyers have rejected the verdict and accused James of pursuing a political agenda. They have announced their intention to appeal the ruling.
