New York Attorney General Letitia James is initiating the process to confiscate assets owned by Donald Trump to execute a court judgment against him, with his legal team indicating difficulties in obtaining a bond for him.
This action stems from a civil lawsuit in New York, accusing Trump of inflating the value of his properties to obtain loans. In this case, Judge Arthur Engoron ordered Trump, along with his sons and the Trump Organization, to pay $354.9 million in damages in February.
While appealing the decision, Trump has been mandated to secure a bond worth around $454 million, the sum of the judgment plus interest.
James has taken a significant step towards enforcing this judgment by registering it in Westchester County, New York, where Trump’s extensive Seven Springs estate is situated. This 370-acre property, acquired in 1996, features a 50,000-square-foot mansion and has been a private haven for Trump and his family. The estate also encompasses the Trump National Golf Club, which includes a large clubhouse and an 18-hole golf course over 140 acres.
As the March 25 deadline set by James nears, Trump's lawyers have noted that over 30 firms have refused to provide a bond for the case. With the recent legal actions in Westchester County, James is poised to seize Trump's valuable properties if the legal battle continues and the appeal progresses.