"NY AG Threatens Seizure of Trump's Assets Over Fraud Verdict"

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Source: Forbes
"NY AG Threatens Seizure of Trump's Assets Over Fraud Verdict"
Photo: Forbes
TL;DR Summary

New York Attorney General Letitia James is prepared to seize former President Donald Trump’s properties if he can’t pay a nearly $355 million fine in the civil fraud case against him and his company, as questions swirl over how Trump will pay the sum when the amount he owes now exceeds his estimated cash in the bank. Trump has heavily opposed the ruling against him and is expected to appeal it, but in the meantime, he may have to put up cash into a court-controlled account or seek an appeals bond. With interest accruing at a rate of nine percent per year, Trump's fine continues to grow, and it remains to be seen how he will comply with the payment.

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