All articles tagged with #assets seizure
Originally Published 5 months ago — by NPR
A Texas court has ordered Infowars' assets to be turned over to a receiver to pay the families of Sandy Hook victims, following a $1.3 billion defamation verdict against Alex Jones, potentially ending his control over the brand and show.
Originally Published 1 year ago — by Yahoo Finance
Donald Trump posted a $175 million bond for his civil fraud case, but New York Attorney General Letitia James is questioning the surety backing the bond. If Trump or the surety cannot prove they are good for the bond by Monday, the bond will be declared "without effect" and James can begin seizing Trump's assets to cover the judgment. The company backing the bond, Knight Specialty Insurance Company, does not seem to have the financial capacity to guarantee the bond, raising doubts about Trump's ability to avoid asset seizure.
Originally Published 1 year ago — by The Guardian US
Eric Trump criticizes the $454m judgment against his father, claiming that bonds of that size don't exist in the US, while also suggesting that the effort to seize assets is politically motivated. As the deadline to come up with the half-billion dollar bond approaches, Trump's ability to obtain it is in question. Meanwhile, voices from both sides of the political spectrum, including Alexandria Ocasio-Cortez and business executive Kevin O'Leary, express concerns about the judgment and the potential seizure of assets. Donald Trump is also facing numerous criminal charges and penalties in separate legal matters.
Originally Published 1 year ago — by The Hill
Rep. Alexandria Ocasio-Cortez warns of the risk of not seizing former President Trump's assets as he faces a deadline to post a bond in his New York fraud case, emphasizing that all people should be treated equally under the law. Trump's lawyers claim it's "impossible" for him to secure the full appeals bond due to lack of cash, while Ocasio-Cortez points to the potential for political corruption and urges equal treatment under the law.
Originally Published 1 year ago — by The Guardian US
Letitia James, the New York attorney general, faces a challenging task in seizing Donald Trump's properties to satisfy a $454 million fine, as the process of collecting a financial judgment is complex and slow, especially when dealing with properties held in a web of ownership and titles. While James's office is preparing to move on Trump's real estate assets, Trump's legal team is seeking a stay on the judgment. The commercial real estate crisis in New York further complicates the situation, and the recent completion of a Spac merger by Trump's media company may offer a potential solution, albeit a long shot.
Originally Published 1 year ago — by The Independent
New York Attorney General Letitia James is moving to seize Donald Trump's assets after he lost a civil fraud trial and was ordered to pay $464 million. Her office has registered the judgment with the county clerk's office in Westchester County, where Trump's properties are located. Trump's attorneys are seeking to block enforcement of the judgment, arguing that posting a bond is impractical and selling off properties to finance an appeal would result in irreparable losses. The deadline for Trump to post an appeals bond is 25 March.
Originally Published 1 year ago — by New York Post
New York Attorney General Letitia James is moving to seize Donald Trump's Westchester County assets as the deadline for his $464 million bond approaches, following a civil fraud judgment against him. Trump's attorneys argue that posting the bond is unfeasible due to the high cost, but James has rejected their arguments and set a deadline of March 25. While Trump has appealed the decision, James has indicated her readiness to begin seizing his assets if he fails to comply. The potential follow-up actions may involve levying a lien on his assets or trying to foreclose the properties, and while judgments have been entered in Westchester County, it's not certain that his properties there will ultimately be confiscated.
Originally Published 1 year ago — by The Independent
Attorneys for Donald Trump are seeking a delay in a $355m judgment against him in a fraud case, but the judge is not convinced. New York Attorney General Letitia James is prepared to seize his assets if necessary, as the court has already declined to grant a pause in the judgment. The ruling finds Trump and his associates liable for inflating his net worth and assets to secure favorable financing terms, and they face significant financial penalties and bans from business roles. Trump's legal team is preparing to appeal, but James's office is ready to enforce the judgment and seize his assets.
Originally Published 1 year ago — by The Guardian US
New York Attorney General Letitia James stated that she will seize Donald Trump's assets if he fails to pay the $355m civil fraud fine resulting from his financial fraud trial, including his 40 Wall Street skyscraper. A New York judge fined Trump and associates for falsely reporting his net worth to obtain more favorable loan terms, with Trump and his legal team denying any wrongdoing and vowing to appeal. James emphasized the strength of her case, asserting that "financial frauds are not victimless crimes." This fine is in addition to a $83.3m judgment against Trump for a defamation suit brought by journalist E Jean Carroll.
Originally Published 1 year ago — by New York Post
New York Attorney General Letitia James has vowed to seek a judge's approval to seize Donald Trump's assets, including some of his prized New York City properties, if he fails to pay the $355 million judgment against him. Trump, who is appealing the ruling, and others were ordered to pay a combined $364 million, including interest, and James is confident in the ruling's validity. The case alleged that Trump inflated his assets to secure better loan terms, and James emphasized that financial frauds are not victimless crimes, stating that the same consequences should apply to former presidents as they would to average citizens.
Originally Published 1 year ago — by Reuters
The US Senate Foreign Relations Committee has approved a bill that would enable the US to confiscate Russian assets and allocate them to Ukraine for reconstruction following the ongoing war. The legislation, backed by both Democrats and Republicans, marks a significant move to address Russia's actions and support Ukraine. If passed into law, it would allow the US to seize central bank assets from Russia, with similar efforts being pursued by the EU and G7 leaders. The bill aims to provide a substantial financial "hammer" to hold Russia accountable for its invasion of Ukraine and the resulting damages, with the seized funds designated for Ukraine's rebuilding efforts.
Originally Published 2 years ago — by Forbes
A Romanian appeals court will reconsider the decision to seize the assets of social influencer Andrew Tate, who faces charges of human trafficking and rape. Tate's assets, valued at $3.9 million, were seized by Romanian authorities, including luxury cars and cash. Tate and his associates deny the charges, and he has received support from prominent figures on the right. The case is ongoing, and it's unclear when it will go to trial.
Originally Published 2 years ago — by Daily Mail
Andrew Tate and his brother Tristan have won a court battle to reclaim up to £10 million worth of assets, including luxury cars and properties, that were seized by Romanian authorities in connection with allegations of human trafficking, rape, and forming a criminal gang to sexually exploit women. The Bucharest Court of Appeal overturned the decision to seize their assets, marking a significant victory for the brothers, but the assets remain seized until a reassessment and ruling is made. The allegations against the Tate brothers include controlling women's income from online adult content, coercing them into group sex, and subjecting them to physical and verbal abuse, which they deny.