New York Attorney General Letitia James, initiated the process of confiscating Trump’s assets on Thursday following his lawyer’s admission of being unable to obtain a bond for appealing the substantial ruling in the NYC fraud case.
James filed legal actions in Westchester County, where Trump’s personal estate and golf course are situated.
President Trump has a four-day window to either settle the judgment or persuade the appellate court to grant him permission to delay payment during the appeal process.
Trump’s legal team retaliated with a court submission on Thursday.
“By demanding an undertaking in the full amount of the judgment in order to appeal, the Attorney General and Supreme Court have sought to impose a patently unreasonable, unjust, and unconstitutional (under both the Federal and New York State Constitutions) bond condition,” Trump’s lawyers wrote.
CNN reported:
The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
State lawyers entered the judgments with the clerk’s office in Westchester County on March 6, just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization.
Entering a judgment would be the first step a creditor would take to attempt to recover property. Additional steps, such as putting liens on assets or moving to foreclose on properties, or taking other actions in court would follow, if the asset is going to be seized.
The judgment is already entered in New York city where Trump’s properties including Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel abutting Central Park, and numerous apartment buildings are located.
In a court filing on Monday, President Trump’s legal team stated that he has been unsuccessful in obtaining a bond to appeal Letitia James’ $454 million judgment.
Letitia James had previously warned of seizing Trump’s assets.
In response, last month President Trump proposed posting a $100 million bond and requested a stay of the $464 million judgment in Letitia James’ NYC fraud trial reminiscent of Soviet-style tactics.
“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s defense lawyers wrote in the filing. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”
Trump has been unable to secure a bond for the judgment’s full amount his lawyers said on Monday.
Trump’s “ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,’” Trump’s lawyers said, accordin to NBC News. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”
Letitia James pursued $370 million in damages in a fraud case without a clear victim, also seeking to prohibit Trump and his sons from conducting business in New York. Allegations included Trump inflating assets and defrauding lenders and insurers.
Recently, Judge Engoron ruled for a $355 million fine against Trump and banned him from holding officer or director roles in New York entities for three years. Engoron stated that Trump and others were complicit in insurance fraud through falsifying records and valuations.
Donald Trump Jr. and Eric Trump were also fined, with the Trump Org. CFO ordered to pay $1 million. The total judgment, including daily interest, now stands at $464 million.
President Trump responded on Thursday to what he perceives as a targeted attack by New York officials trying to dismantle him.
“Even though I did nothing wrong, a Radical Left New York Judge, a true Trump Hater, Arthur Engoron (Are we allowed to speak about his Unconstitutional Gag Order?), picked a number out of THIN AIR, $355,000,000, plus interest (reminiscent of John Lovitz, “The Liar,” on SNL when it was good), & wants me to bond it, which is not possible for bonding companies to do in such a high amount, before I can even Appeal. That is CRAZY! If I sold assets, and then won the Appeal, the assets would be forever gone. Also, putting up money before an Appeal is VERY EXPENSIVE. When I win the Appeal, all of that money is gone, and I would have done nothing wrong. The Crooked Judge, who has already been overturned 4 times on this case (a record!), fully understands this. He gave us a demand which he knows is impossible to do. This Witch Hunt, between a bad Judge and a Corrupt & Racist Attorney General, is horrible for New York. Businesses are FLEEING, while Violent Crime flourishes. ELECTION INTERFERENCE!” Trump said in a Truth Social post on Thursday.
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Democrats need to understand that this can also happen to them, so they need to tread carefully and obey the law to the letter. Silly me! Democrats care nothing for the law.
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Earl you got that right! ????
Someone should deflate this human blimp.
Ammo to now leave NY NYC alone
Just to let everyone know… This Marxist will use this to steal property and assets from anyone she desires. Just for one moment, imagine the police coming to your house to throw you out. Just imagine the police going to your bank to withdraw all of your savings and retirement accounts.
If that AG can do that to a former president, you would have no way of stopping her coming for you.
Yes and these monkies cry “White Supremacy”
Only one answer to end this Fraud,
Load, chamber, safety off, aim, hold breath, squeeze trigger, fire.!!
Good riddance Communist Bit** and Unconstitutional Moron fake Judge..
I hate Communist Democrats.!!
So do I.
James, the commie parasite, affirmative action, dei AG should be swinging by her neck.
Have the Mob disappear the fat bitch
This is nothing but evil…
Patrick, EVIL doesn’t come close. When this witches time comes, she definitely will burn in hell!!!
Marxists are kleptocrats. They get their power by promising to rob successful people and feed some crumbs to the multitude of
parasites that the kleptocrat leaders breed. These leaders, of course, become just as wealthy through shenanigans as the worthy producers that they are fleecing. The world would be better off by far if these theftists and the parasites that feed off them did not exist.
Letitia James is a crook. Obviously. On top of that see Miranda Devine, NYPost, 3/17/24. James is doing what she charges Trump with. Trump is a crimeless victim. James is part of a crime regarding a property fraud in NYC.
“The Eighth Amendment to the United States Constitution protects against imposing excessive bail, excessive fines, or cruel and unusual punishments. This amendment was adopted on December 15, 1791, along with the rest of the United States Bill of Rights. The amendment serves as a limitation upon the state or federal government to impose unduly harsh penalties on criminal defendants before and after a conviction. This limitation applies equally to the price for obtaining pretrial release and the punishment for crime after conviction.”
Why haven’t Trump’s lawyers used this amendment? James and Eragont are both after excessive fines for a non-crime in which noone got hurt and all made money. Any logical, normal person with a brain can see that but we are talking about politicss – dumb, ignorant, hateful Democrap politicians.
True enough, sooo WTF is the SCOTUS?
Silence is complicity!
WTF is the SCOTUS???? Silence is complicity!
Think maybe it is time or even past time to jail every legal authority in the state of New York for falsehoods, thief, perjury, and valuing property with 75 year old rates, except of course for tax valuation. Letitia James and her buddy Judge are totally Satanic lying thieves and would crucify Christ again if they had the chance. Their boss Joe is so satanic he even makes Pontius Pilate look like a disciple of Christ
I heard Trump say that it’s not so much gathering the money but the bond services have never issued a bond in that high of a dollar amount and they can’t find anyone to do it. The dirty AG and Judge knew that!
Soros PORCH MONKEY LETTIA JAMES
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1). This article, while informative, is now out of date. The parent company of Truth Social has now gone public in an Initial Public Offering on the stock market worth approximately $3.5 BILLION to Donald Trump. That is his profit. With that profit, he should easily be able to post bond in this civil case. 2). In this case, the banks profited. They were paid back in full and on time, and there were no victims. “Case dismissed.” 3). The fine imposed by Judge Engoron is unconstitutional because it violates the prohibition of the 8th Amendment to the US Constitution of “excessive fines.” 4). If the article is telling the truth, Judge Engoron’s verdict also violates the New York State Constituton – and in both cases Donald Trump and his sons Eric and Donald Jr. will have Judge Engoron’s decision reversed on appeal, and there will be no “seizures of property.” 5). If AG Letitia James’ attempts to prosecute Donald Trump and the Trump Organization are found to be without basis in Law or Equity, she could be disbarred – as could Judge Arthur Engoron – for legal malpractice. 6) Should it happen that James should succeed in seizing Trump’s assets – with at this point is highly unlikely – Trump would be entitled to “just compensation” from the State of New York under the provisions of the Fifth Amendment to the US Constitution – and, moreover, he could sue both Judge Engoron and AG James on the same grounds – legalized theft, a felony.
“The theory of Communism may be summed up in one sentence: Abolish all private property”. Karl Marx
This is communism at work!!!!! President Trump is being PERSECUTED because he is a real and present danger to their plan to turn America into another 3rd world toilet dictatorship under the thumbs of global rulers, the one world global dictatorship!!!!! We are definitely living in the last days described in the book of Revelation in the Holy Bible!!!!! letitia james, jack smith and fani willis are agents of satan along with fuhrer obama, hitlery clinton, upchuck schumer, and the dest of the devildemocommiecrats, the gop establishment, and the Pravda/Goebbels fake news propagandists!!!!!!!!!!
I enjoyed your colorful and descriptive choices for democrats names. Thanks for the chuckle. I needed it. Do they REALLY. think they can get away with breaking the law just to give Donald a hard time at the voting polls. All they have accomplished is to prove his claim of being persecuted.
A thumbs UP to you Bob.
The democrats and their controlled corporate press are so incredibly afraid of President Trump that it has to be obvious to everyone that there has to be something so great about President Trump that there is nothing that the democrats won’t do to destroy him. The democrats’ fear and endless attacks upon President Trump obviously means that he is the very best choice to become our next president. Read Dinesh d’ Souza’s book “2,000 mules” to learn how the democrats stole the last election and why everyone needs to do everything possible to assure that the democrats do not steal the next election AGAIN and that President Trump returns to the White House as our truly, honestly and actually elected president.
TOO LATE.. The Dims have again bagged an illegal election for the worst President, the USA has ever had. They stole the last election and will do it again. Now , they are pushing that Illegal aliens can legally vote in Federal elections and with the help of Slick Willy’s Motor voter, the next election will again be stolen. Their excuse is–the Constitution does not say illegal aliens cannot vote in Federal elections. That addition must be added to the USA Constitution. Dr. Jill wants to dance at the ball and fly everywhere on A.F. One and live at HOTEL WHITE HOUSE for another 4 years.
Time has a way of wounding all heals! I would not want to be her. When the people realize she is destroying their jobs! And when she loses all her armed protection? She will be just another blooper on the media! And she will be wondering how it ever happened to her! Cheaters always get caught! And if NY has to pay back the money! They will tell her what they think!
Tatitia needs to go burn in hell!
Yep this thief is going to undervalue all assets to a minimum of 10% valuation of the real value and then sell it to Hunter Biden and his Chinese cohorts for twice the price and dare Trmp or the US Supreme Court to try and get it back
let piggy have her fun now, trump is getting ready for the big round up when he wins in november. and boy i wish i owned a pop corn and chips company.
The Corrupt politician aka as Letitia James belongs to the Communist Party “country working folks” She is a follower of Stalin, Marx ,Lenin and Trotsky.. She is obviously upholding the tenets of Fascism and Communism although during the Truman Administration, COMMUNISM WAS NOT PEREMITTED IN THE USA by written LAW. It is obvious, she is destroying Trump as each day passes and she files Liens on his properties.. His sin– running for President on the Republican ticket and having an excellent credit rating with no victims. N.Y. City soon to be controlled by 100% crime lords and their victims.