G Letitia James Ready to Seize Trump’s Assets as 45 Faces ‘Insurmountable Obstacles’

Former President Donald Trump cannot obtain a bond large enough to cover the entire amount of the judgment against him in the New York fraud case.

That, at least, is what his legal team told a New York court of appeals on Monday.

“[O]btaining an appeal bond in the full amount” of the $454 million judgment “is not possible under the circumstances presented,” Trump’s lawyers said in a filing, according to The Daily Express US.

The outlet said that if he cannot pay the judgment or obtain a bond while he appeals it, New York Attorney General Letitia James could being seizing his property and selling it off.

“If he does not have funds to pay off the judgement, then we will seek judgement enforcement mechanisms in court, and we will ask the judge to seize his assets,” James told ABC, according to the Daily Express and other outlets.

Trending:

Pro-Trump Lawyer Arrested on Charges Related to Dominion Voting Machines After Attending Hearing for Client

“We are prepared to make sure that the judgment is paid to New Yorkers,” James said, “and yes, I look at 40 Wall Street each and every day,” she added, referring to a Trump-owned property near her office.

She made no actual indication about what properties she might seize first, if it comes to that, the outlet reported.

Trump’s team therefore has filed a new motion to “stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General,” according to his campaign spokesman, Steven Cheung.

“A bond of this size would be an abuse of the law, contradict bedrock principals of our Republic, and fundamentally undermine the rule of law in New York,” he added. “President Trump will continue fighting and beating all of these Crooked Joe Biden-directed hoaxes and will Make America Great Again.”

Will Trump have his property seized?

Trump has continued to deny any wrongdoing, even after Engoron ruled against him, and has repeated stated his intention to appeal both the ruling and the amount of the judgment.

According to the Daily Express, the interest on Trump’s civil fraud penalty amounts to over a half a million dollars since it was levied on Feb. 16.

Trump is being charged 9 percent annual interest in accordance with New York state law, the Daily Express reported.

“The interest will keep piling up even while he appeals,” the outlet noted. “Unless the court steps in or there’s an earlier resolution, his bill will reach half a billion dollars by August 2025.”

Meanwhile, his legal team said that Trump was facing “insurmountable difficulties” in obtaining a bond to satisfy the judgment during the appeals process, the Daily Express said in a separate article.

Related:

Breaking: 3 Charges Against Trump Dismissed by Fulton County Judge

Unless the court issues a stay, the judgment against Trump is set to be enforced beginning next week, on March 25.

Trump has asked for such a stay, and his legal team offered a $100 million bond, which was rejected by one appeals court judge. The full appeals court has not yet ruled on the motion to stay the judgment pending appeal.

“A bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses,” real estate broker Gary Giulietti wrote in an affidavit in support of Trump’s motion.

“Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments,” the Daily Express reported Monday.


A Note from Our Deputy Managing Editor:

 

“We don’t even know if an election will be held in 2024.” Those 12 words have been stuck in my head since I first read them. 

 

Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. 

 

And if the leftists and the elites get their way, that’s exactly what will happen — no real election, no real choice for the Electoral College, and no real say for the American people. 

 

The Western Journal is fighting to keep that from happening, but we can’t do it alone.

 

We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.

 

But Big Tech’s stranglehold is now so tight that without help from you, we will not be able to continue the fight. 

 

The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we’ll lose it for good. Can we count on you to help? 

 

With you we will be able to field journalists, do more investigative work, expose more corruption, and get desperately needed truth to millions of Americans. 

 

We can do this only with your help. Please don’t wait one minute. Donate right now.

 

Thank you for reading,

Josh Manning

Deputy Managing Editor

P.S. Please stand with us today.

George Upper is the former Editor-in-Chief of The Western Journal and was a weekly co-host of “WJ Live,” powered by The Western Journal. He is currently a contributing editor in the areas of faith, politics and culture. A former U.S. Army special operator, teacher and consultant, he is a lifetime member of the NRA and an active volunteer leader in his church. Born in Foxborough, Massachusetts, he has lived most of his life in central North Carolina.

George Upper, is the former editor-in-chief of The Western Journal and is now a contributing editor in the areas of faith, politics and culture. He currently serves as the connections pastor at Awestruck Church in Greensboro, North Carolina. He is a former U.S. Army special operator, teacher, manager and consultant. Born in Massachusetts, he graduated from Foxborough High School before joining the Army and spending most of the next three years at Fort Bragg. He holds bachelor’s and master’s degrees in English as well as a Master’s in Business Administration, all from the University of North Carolina at Greensboro. He and his wife life only a short drive from his three children, their spouses and his grandchildren. He is a lifetime member of the NRA and in his spare time he shoots, reads a lot of Lawrence Block and John D. MacDonald, and watches Bruce Campbell movies. He is a fan of individual freedom, Tommy Bahama, fine-point G-2 pens and the Oxford comma.

Birthplace

Foxborough, Massachusetts

Nationality

American

Honors/Awards

Beta Gamma Sigma

Education

B.A., English, UNCG; M.A., English, UNCG; MBA, UNCG

Location

North Carolina

Languages Spoken

English

Topics of Expertise

Faith, Business, Leadership and Management, Military, Politics

Source link