"NY AG Warns of Seizing Trump's Properties Over $454M Civil Fraud Debt"

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Source: PBS NewsHour
"NY AG Warns of Seizing Trump's Properties Over $454M Civil Fraud Debt"
Photo: PBS NewsHour
TL;DR Summary

New York Attorney General Letitia James warns that Donald Trump's properties could be seized if he fails to pay the nearly $454 million civil fraud penalty, which is increasing by $87,502 per day in interest. Trump denies wrongdoing and plans to appeal, potentially delaying the enforcement of the penalty. The state could seize his assets if he can't pay, and Trump's ability to cover the debt is uncertain, with most of his net worth tied up in properties and investments. If he can't post a bond or meet bonding requirements, he may file for bankruptcy to take advantage of the automatic stay on collection.

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