Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Showing Original Post only (View all)


(128,191 posts)
Tue Feb 20, 2024, 06:32 PM Feb 20

Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine [View all]

Source: ABC News

February 20, 2024, 4:50 PM

Four days after a judge ordered former President Donald Trump to pay $354 million in his civil fraud case, New York Attorney General Letitia James told ABC News that she is prepared to seize the former president's assets if he is unable to find the cash to cover the fine.

"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 said in an interview with ABC News' Aaron Katersky.

Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Judge Arthur Engoron determined that he inflated his net worth in order get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

Saying that she was "very confident" with the strength of her case on appeal, James reiterated that her office would not hesitate to seize one of Trump's buildings -- listing Trump's 40 Wall Street skyscraper by name -- if Trump is unable to find the case to cover the court-ordered disgorgement.

Read more: https://abcnews.go.com/US/letitia-james-shes-prepared-seize-trumps-assets-pay/story?id=107381482

89 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
This brightened my day. sop Feb 20 #1
Please in the name of all that is good everywhere, let this be a thing. onecaliberal Feb 20 #2
When she seizes them, use tRump LOWEST valuations as their value. . . . nt Bernardo de La Paz Feb 20 #3
Seized assets are usually sold at auction, for fire sale prices. TomSlick Feb 20 #9
You go girl! sheshe2 Feb 20 #4
I guess she can't take any properties outside of New York State FakeNoose Feb 20 #5
There is a process to seize out of state assets. TomSlick Feb 20 #16
Merry Lardo might not be able to be seized if it's declared TFG's residence Kennah Feb 20 #25
Nope, Dan Feb 20 #34
Cool. So he can't declare it his "homestead" in Florida. Kennah Feb 20 #37
It depends on Florida's homestead exemption, about which I know nothing. TomSlick Feb 20 #40
I've read that it's incredibly permissive Kennah Feb 20 #44
Nope, MAL cannot legally be a residence obamanut2012 Feb 21 #84
I was wondering about that. I wonder if anyone has told him yet? LiberalFighter Feb 20 #41
Seize and sell? Then return the "change" to Trump? Oopsie Daisy Feb 20 #6
But how to pay off the Pootie Gang? PTL_Mancuso Feb 20 #12
If their assets (and debts) are seized and forfeited... then it's just icing-on-the cake! Keep it all! Oopsie Daisy Feb 20 #18
I'm great with that so long as some of it goes to paying down my tax bill PTL_Mancuso Feb 20 #20
NY has a population of 20.2 million so if his fines were divided equally among taxpayers * Oopsie Daisy Feb 20 #21
And it sounds like so much money. 8( 8D PTL_Mancuso Feb 20 #35
I'dlike it if Trump's properties were seized, sold and the proceeds sent to Ukraine rurallib Feb 20 #45
How to pay off Melanoma? COL Mustard Feb 20 #36
*rump might end up falling out of one of his own windows. Dem2theMax Feb 20 #64
Michael Cohen says all of Trump's properties are heavily mortgaged. Irish_Dem Feb 20 #23
OK, so Kennah Feb 20 #26
It may come to that. Irish_Dem Feb 20 #33
Do the "Tower" first, Ms. James!! It will be lovely to watch his name being removed. Oopsie Daisy Feb 20 #7
Dosen't Trump and his cronies live there? Mawspam2 Feb 20 #8
I think he lives in Merry Lardo Kennah Feb 20 #29
Also known as MAGA Lardo. LakeArenal Feb 20 #30
And Mierda Largo (big POOP) PTL_Mancuso Feb 20 #38
S! LakeArenal Feb 20 #39
The infamous 30ksqft apt is there.... getagrip_already Feb 21 #76
And fun to watch the all the Russians scurrying out of the building ... 70sEraVet Feb 20 #10
Restore it to the Bonwit-Teller Building Shoonra Feb 20 #43
You do realize that the Bonwit Teller building was destroyed to build that niyad Feb 20 #57
You could kinda do it jmowreader Feb 21 #85
i dont know how much of it he owns. it's condos. mopinko Feb 21 #74
I figured... and I imagine that property values would increase WITHOUT Trump's name * Oopsie Daisy Feb 21 #80
dont think so, he actually built it. mopinko Feb 21 #81
Seize and house the immigrants!! chowder66 Feb 20 #11
Force him and his family to house and feed new (legal) immigrants in his hotels! PTL_Mancuso Feb 20 #15
Dig deep MAGAts Demobrat Feb 20 #13
I think they're close to... SergeStorms Feb 20 #42
Works for me! calimary Feb 20 #58
Seize it . . . AverageOldGuy Feb 20 #14
I wish Taylor Swift would do that. LakeArenal Feb 20 #32
I like the way you think Conjuay Feb 21 #83
Al Capone went to jail for tax evasion and had to pay fines. Aussie105 Feb 20 #17
"(A topic for future research.)" BumRushDaShow Feb 20 #24
I had base housing that wasn't that nice! COL Mustard Feb 20 #31
It might not have had ghouls roaming around at Halloween! BumRushDaShow Feb 20 #46
Well, I *did* hear a lot of moaning coming from COL Mustard Feb 20 #52
LOL BumRushDaShow Feb 21 #86
Well I guess it time that I own up to the fact that I spent about 30 days in a state prison. You will never forget..... usaf-vet Feb 21 #79
Fascinating story BumRushDaShow Feb 21 #87
One sound I never want to hear COL Mustard Feb 21 #89
Thanks for posting that! MorbidButterflyTat Feb 21 #82
No problem! BumRushDaShow Feb 21 #88
"Last I checked tourism is up. Wall Street is doing just fine," James said riversedge Feb 20 #19
She is so sharp. llmart Feb 20 #28
Thursday works for me. twodogsbarking Feb 20 #22
I'm sure the GoFundMe will cover all of that. COL Mustard Feb 20 #27
Over $760K so far. SergeStorms Feb 20 #49
Putin can (and maybe will) enable Trump to pay .... Shoonra Feb 20 #47
Take it Tish. Make orange Pigman squeal Evolve Dammit Feb 20 #48
'If you've got them by the balls, their hearts and minds will follow.' Theodore Roosevelt possibly. twodogsbarking Feb 20 #50
There's Donald now... The Unmitigated Gall Feb 20 #51
The standard bet InstantGratification Feb 20 #60
Sounds impressive melm00se Feb 20 #53
Articles say Donald may get $4 billion from the stock offering involving his social truth media. keithbvadu2 Feb 20 #54
Yes, but... InstantGratification Feb 20 #61
Hopefully put a hold on it's possession. keithbvadu2 Feb 20 #63
Trump has built his empire on fraudulent loans... Duppers Feb 20 #55
While we revel in Senior Shitler's huge financial nut kick, remember Qusay and Uday got hit with a $4 mil fine each. Comfortably_Numb Feb 20 #56
Gross enid602 Feb 20 #59
The question now becomes . . . Aussie105 Feb 20 #62
Trump just has to put up a bond to file an appeal. n/t Jacson6 Feb 21 #65
But the interest on the full amount is accruing daily until the full amount is paid BumRushDaShow Feb 21 #66
He only has 30 days, right? Novara Feb 21 #67
Just what I was thinking. That's a LOT of sneakers. n/t NH Ethylene Feb 21 #71
Submit it now and make him squeal. Wonder Why Feb 21 #68
He will delay-delay-delay and try to get an injunction * Oopsie Daisy Feb 21 #69
Does Trump have any assets worth seizing? JustABozoOnThisBus Feb 21 #70
He doesn't even own most of the buildings with his name on them. Mr.Bill Feb 21 #72
he can put up a title for his bond. mopinko Feb 21 #73
HA! I wonder who'll clean up his diaper after he gets the news! CTyankee Feb 21 #75
Taking some of trump's buildings will leave him with a feeling of being castrated! Omnipresent Feb 21 #77
TFG will have to declare bankruptcy if he is unable to file a bond LetMyPeopleVote Feb 21 #78
Latest Discussions»Latest Breaking News»Letitia James says she's ...