February 22, 2024

Letitia James Threatens to Size Trump Properties if Fine is Not Paid

Donald Trump is now on the clock.

On Friday, Judge Engoron hit Trump with a massive fine of more than $350 million, which goes to well over $400 million when penalties and interest are factored in.

The kicker in all of this is that Trump has to pay that fine in full in order to file for an appeal.

Appeal or not, James has now stated that if Trump does not pay the fine by the deadline, she is going to start to go after his assets, starting with his pride and joy, Trump Tower in New York City.

Take It All

James did not hide her excitement for the opportunity to seize Trump’s biggest assets, stating, “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.”

She added, “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.”

That building is Trump’s pride and joy, so I can just imagine that he is seething right now thinking that James could have the keys in her hand by the end of March.

Trump really has only two options here.

First, if he plans on filing the appeal, he will have to pay the fine in full, including penalties, before he can file.

His second choice is to get a bond, but that would require Trump to put up 10% of the fine, which he would lose whether he wins this case or not, meaning he will be out close to $50 million plus legal fees even if he wins the case on appeal.

James is getting ripped by legal experts over this case, where she used an obscure law to charge Trump and then had an unprecedented fine levied against Trump in the process.

Even if she does not win this case, she has assured herself of taking a very nice chunk out of Trump’s net worth simply by winning the initial decision.

Now, let’s assume that Trump wins his appeal, when you add in the E. Jean Carroll case, he is still out roughly $130 million from these civil suits.

And, since he missed the deadline to file for immunity from civil suits with the Supreme Court, he has another handful of civil suits that he will have to fend off related to January 6.

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