Trump Assets Face Seizure If $355-M Fine Goes Unpaid

New York Attorney General Letitia James has affirmed plans to seize former President Trump's assets if he fails to satisfy the nearly $355 million verdict issued against him in a civil business fraud trial last week, as reported by Nick Robertson for The Hill.

The $355 million verdict, along with an additional $100 million in prejudgment interest, represents the largest financial penalty imposed on Trump and his entities amidst his various legal battles.

"If he does not have funds to settle the judgment, then we will pursue enforcement mechanisms in court, including asset seizure," James emphasized.

The $355 million verdict, along with an additional $100 million in prejudgment interest, represents the largest financial penalty imposed on Trump and his entities amidst his various legal battles.

Legal analysts speculate that such a substantial penalty could necessitate Trump to divest from some of his real estate holdings.

Trump's legal team has vowed to challenge the ruling, accusing Judge Arthur Engoron of judicial misconduct and denouncing the case as politically motivated. Trump's attorney, Alina Habba, characterized the verdict as a "manifest injustice" and the outcome of a "multi-year, politically driven witch hunt aimed at 'taking down Donald Trump.'"

James expressed confidence in the appeal process and mentioned Trump's 40 Wall Street tower as one of the assets subject to potential seizure. "We are committed to ensuring that the judgment is fulfilled for the benefit of New Yorkers, and yes, I have my eyes on 40 Wall Street every single day," she affirmed.

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