Attorney General of New York Letitia James stated in an interview with ABC News on Tuesday that she is ready to take possession of former President Donald Trump’s property if he is unable to obtain the money to pay a $354 million judgment in his civil fraud case.
James stated to ABC News that “we will pursue judgment enforcement procedures in court, and we will urge the judge to take his assets if he does not have cash to pay up the judgment.”
On Friday, Manhattan Supreme Court Judge Arthur Engoron found that Trump had misrepresented his net worth in order to obtain more advantageous loan conditions. As a result, the former president was penalized $354.8 million plus about $100 million in pre-judgment interest.
Trump has declared he would challenge the decision. Nevertheless, before he can file an appeal, he must provide New York State with the fine as bail.
James added, “Financial frauds are not victimless crimes,” but he did not mention any victims and instead called the scam “huge” in response to a question concerning Trump’s assertion that the banks were paid back for all loans and that there were no victims in the case.
“He committed this significant scam. The amount of the deception was astounding, the variances are much exaggerated, and it wasn’t simply a straightforward error or carelessness, she contended. “If everyday New Yorkers went into a bank and provided fake paperwork, the government would throw the book at them, and the same should be true for previous presidents,” she said, posing a hypothetical scenario.
James claimed that she had her eye on the “Trump building,” which is Trump’s structure at 40 Wall Street.
“We are ready to ensure that New Yorkers receive their just compensation, and yes, I do regularly visit 40 Wall Street,” she remarked.
She shot off Trump’s claim that companies will boycott New York because of the lawsuit, stating, “Travel is up as of last I looked.” Wall Street is operating well.
“Someone once told me if you want anything done, give it to a woman,” she boasted, referencing herself, columnist E. Jean Carroll, and the troubled charges filed against Trump by Fulton County District Attorney Fani Willis.
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