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Westchester Properties

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NY AG James Takes Steps to Seize Trump's Assets Amid Fraud Bond Deadline
legalfinancial1 year ago

NY AG James Takes Steps to Seize Trump's Assets Amid Fraud Bond Deadline

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.