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Civil Fraud Ruling

All articles tagged with #civil fraud ruling

legalpolitics1 year ago

"Letitia James Moves to Seize Trump's Assets as Bond Deal Faces Objection"

The New York Attorney General, Letitia James, may begin collecting Donald Trump's assets if he fails to post a $175 million bond by next Monday, as required by a civil fraud ruling against him. A leading real estate lawyer stated that if the bond motion fails, James could start collection efforts. Trump's bond was initially rejected due to missing paperwork, and the surety backing it is not admitted in New York. An in-person hearing is scheduled for April 22, 2024, to discuss bond issues.

via Newsweek|
#assets#civil-fraud-ruling#donald-trump
legal-real-estate1 year ago

"Letitia James Takes Steps to Seize Trump's Seven Springs Estate and Golf Course"

New York Attorney General Letitia James is aiming to seize assets from former President Donald Trump, including his Seven Springs estate and Trump National Golf Club, following his inability to post bond in a $464 million civil fraud ruling against him. The estate, spanning 370 acres in Westchester County, features a 50,000-square-foot mansion, 60 rooms, 15 bedrooms, and various amenities. Trump's golf course project at Seven Springs was abandoned, and the property has served as a family sanctuary. Meanwhile, entrepreneur Kevin O'Leary has criticized the ruling as unjust and warned of its potential impact on the real estate industry.

via New York Post |
#civil-fraud-ruling#donald-trump#legal-real-estate
legal-politics1 year ago

"Trump's Legal Battles: Seizure Threats and Daily Interest on Fraud Penalties"

Donald Trump's lawyers have requested a 30-day delay in the enforcement of a $350 million civil fraud judgment against him, citing concerns with the proposed judgment drafted by the New York Attorney General's office. The judgment, issued by New York Supreme Court Justice Arthur Engoron, requires Trump to cover the judgment using a significant portion of his wealth and bars him and his sons from serving as officers or directors in any New York corporation. Trump plans to appeal the ruling, which found him and his company liable for defrauding banks and insurance companies by misrepresenting his net worth.

via The Washington Post|
#appeal-process#civil-fraud-ruling#donald-trump
politics1 year ago

"Truckers for Trump Boycott NYC Over $355M Fraud Ruling"

Truckers who support former President Trump are boycotting driving to New York City in response to the $355 million civil fraud judgment against Trump, with one trucker rallying others on social media to join the boycott. The judgment, which also bars Trump from operating his business in New York for three years, has sparked a fundraising effort and vocal support from Trump's allies, who claim the ruling is unfair and amounts to "election interference."

via Yahoo News|
#boycott#civil-fraud-ruling#donald-trump