"New York Officials Ready to Seize Trump's Assets Over $355M Fraud Fine"
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.