BREAKING: Marxist Tyrant Letitia James Takes First Step in Seizing Trump’s Assets, Files Judgments in Westchester County Where Trump’s Golf Course is Located
Marxist tyrant Letitia James took the first step in seizing Trump’s assets on Thursday after his attorney said he was unable to secure a bond to appeal the massive judgment in the NYC fraud case.
Letitia James filed judgments in Westchester County where Trump’s private estate and golf course is located.
President Trump has four days to either pay the judgment or convince the appellate court to allow him to defer the payment pending appeal.
CNN reported:
The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
State lawyers entered the judgments with the clerk’s office in Westchester County on March 6, just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization.
Entering a judgment would be the first step a creditor would take to attempt to recover property. Additional steps, such as putting liens on assets or moving to foreclose on properties, or taking other actions in court would follow, if the asset is going to be seized.
The judgment is already entered in New York city where Trump’s properties including Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel abutting Central Park, and numerous apartment buildings are located.
President Trump’s lawyers on Monday in a court filing said Trump has been unable to secure a bond in order to appeal Letitia James’ $454 million judgment.
Letitia James last month threatened to seize Trump’s assets.
Last month President Trump offered to post a $100 million bond and asked for a stay of the $464 million judgment in Letitia James Soviet-style NYC fraud trial.
“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s defense lawyers wrote in the filing. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”
Trump has been unable to secure a bond for the judgment’s full amount his lawyers said on Monday.
Trump’s “ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,’” Trump’s lawyers said, accordin to NBC News. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”
Letitia James sought $370 million in ‘damages’ when there is no victim in this fraud case and she also sought to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies.
Last month Judge Engoron ordered Trump to pay more than a $355 million fine and barred Trump “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years.”
Engoron claimed Trump and each of the defendants “participated in aiding and abetting the conspiracy to commit insurance fraud by their individual acts in falsifying business records and valuations, causing materially fraudulent SFCs to be intentionally submitted to insurance companies.”
Donald Trump Jr. and Eric Trump were also ordered to pay millions of dollars in fines.
Trump Org. CFO Allen Weisselberg was ordered to pay $1 million.
The $355 million judgment PLUS daily interest has swelled to $464 million.
The post BREAKING: Marxist Tyrant Letitia James Takes First Step in Seizing Trump’s Assets, Files Judgments in Westchester County Where Trump’s Golf Course is Located appeared first on The Gateway Pundit.
About Author
