New York Attorney General Letitia James on Tuesday mentioned she’s going to request to grab the property of former President Donald Trump if he doesn’t pay the over $350 million advantageous a New York State Supreme Court justice imposed on him for participating in many years of fraudulent enterprise practices.
James informed ABC News her group is “prepared to make sure that the judgment is paid to New Yorkers,” including that Trump’s 40 Wall Street skyscraper may be on the hook.
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“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James mentioned.
This is the newest in a critical of fines has been ordered to pay as a part of his string of authorized challenges. Friday’s ruling, coupled with the damages he’s been ordered to pay author E. Jean Carroll for sexually abusing and defaming her, quantity to over half a billion {dollars}, in keeping with The Associated Press.
Judge Arthur Engoron on Friday dominated that Trump overstated his wealth to get cheaper loans from banks and insurers. As a part of Engoron’s determination, the previous president can even be prohibited from serving as an officer or director of any company or authorized entity in New York for 3 years. Still, Trump was spared from having to dissolve his enterprise empire altogether.
Trump decried the ruling as politically motivated, attacking James and Engoron.
“This ‘decision’ is a Complete and Total SHAM,” he mentioned Friday. “There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements that didn’t even include the most valuable Asset ― The TRUMP Brand, IRONCLAD Disclaimers (Buyer Beware, and Do your Own Due Diligence), and amazing Properties all over the World.”
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James pushed again on Trump’s suggestion that his crimes have been victimless, calling the extent of the fraud the previous president engaged in “staggering.” The New York prosecutor additionally performed down issues that her state would lose enterprise because of this courtroom determination.
“If average New Yorkers went into a bank and submitted false documents, the government would throw the book at them, and the same should be true for former presidents,” James informed ABC News.
Trump has vowed to attraction the ruling.