New York attorney general says will seize Trump assets if he can’t pay fine
New York attorney general says will seize Trump assets if he can’t pay fine By Reuters
Breaking News
‘;
Published Feb 20, 2024 10:37PM ET
© Reuters. Former U.S. President and Republican presidential candidate Donald Trump participates in a Fox News town hall with Laura Ingraham in Greenville, South Carolina, U.S. February 20, 2024. REUTERS/Sam Wolfe
(Reuters) – New York State Attorney General Letitia James said on Tuesday that she is prepared to seize Donald Trump’s assets, including his skyscrapers, if he is unable to find the cash to pay off a $355 million fine from his fraud trial.
“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 told ABC News.
A New York judge last week ordered Trump, the former Republican president and frontrunner for his party’s White House nomination, to pay the fine after ruling that he committed repeated and persistent fraud, overstating his net worth by as much as much as $3.6 billion a year to obtain better loan terms.
Trump denies all wrongdoing and is appealing the fine. He has accused James, an elected Democrat, of bias.
Trump’s appeal of the judgment may focus on his contention that there were no actual victims from the conduct in the case.
But James told ABC that she is confident of the strength of her case, adding that “financial frauds are not victimless crimes.”
“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,” James said.
New York attorney general says will seize Trump assets if he can’t pay fine
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
© 2007-2024 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.