New York Attorney General Letitia James is not playing around when it comes to former President Donald Trump. The once powerful real estate mogul is now faced with $464 million judgment — which his attorneys say he is struggling to pay. Now, James is saying pay-up or your properties, including his prized golf course are on the line.
Trump has until Monday to put up a bond close to half-a-billion dollars if he doesn’t want James to start seizing his assets. James has reportedly begun the process of of seizing Trump’s bank accounts and properties, including Trump National Golf, according to ABC News. This is hardly the first time. James has warned Trump that she’s serious about collecting the judgement. During an interview with ABC News, James said that her office was prepared to seize the notorious Trump building at 40 Wall Street if that’s what it took to get him to pay up.
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“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,” James said.
The building has served as a symbol of the real estate developer’s power in New York City — where he is now regarded by many as a social pariah. The possibility that it could be seized signals the definitive end of an era for the former New York society darling.
Trump has signaled that he plans to appeal the ruling. However, James has said that she is “very confident” that her case won’t be overturned on appeal.
At this point, there is obviously no love lost between James and Trump, who’ve been battling it out for the last four years. During her interview, James made it clear that Trump’s actions had serious consequences.
“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 told ABC News. “If average New Yorkers went into a bank and submitted false documents, the government would throw the book at them, and the same should be true for former presidents.”
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