"New York Attorney General Moves to Seize Trump Properties as $464 Million Bond Deadline Passes"

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Source: CBS News
"New York Attorney General Moves to Seize Trump Properties as $464 Million Bond Deadline Passes"
Photo: CBS News
TL;DR Summary

Former President Donald Trump and co-defendants have not posted a $464 million bond to pause enforcement of a judge's ruling in a New York civil fraud case, potentially leaving his assets vulnerable to seizure by the state. New York Attorney General Letitia James has indicated her office may soon act on the judgment, with options including seizing assets, restraining notices, bank executions, and garnishing income. Trump's attorneys claim it's practically impossible to secure such a large bond, while surety companies are hesitant due to the demand nature of the bond. The judgment stems from a decade-long scheme involving falsified real estate and net worth valuations.

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