Posted on 02/21/2024 10:34:18 AM PST by E. Pluribus Unum
New York Attorney General Letitia James is prepared to seize former President Donald Trump’s assets if he is unable to find cash to cover a $354 million fine in his civil fraud case, she said Tuesday in an interview with ABC News.
James told ABC News, “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.”
Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Manhattan Supreme Court Judge Arthur Engoron ruled the former president had inflated his net worth in order get more favorable loan terms.
Trump has said he will appeal the ruling. Still, he will have to pay the fine as a bond to New York State before he can appeal.
When asked about Trump’s defense that the banks were paid back for all loans and there were no victims in the case, James responded “financial frauds are not victimless crimes,” but did not name any victims and instead said the fraud was “massive.”
“He engaged in this massive amount of fraud. It wasn’t just a simple mistake, a slight oversight, the variations are wildly exaggerated, and the extent of the fraud was staggering,” she argued. She then raised a hypothetical situation, saying, “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 said she was eyeing Trump’s building on 40 Wall Street known as the “Trump building.”
“We are prepared to make sure that the judgment is paid to New Yorkers, and yes,...
(Excerpt) Read more at breitbart.com ...
I’d like to see the racist ho’s butt thrown in prison along with her pal, Egomoron.
Banks require self-valuations for assets being leveraged to get a loan. The self-valuation comes with what used to be a legal disclaimer that the self-valuations are not to be relied on for the purposes of underwriting a loan.
The banks do their own valuations, and from their own valuations determine whether or not to underwrite the loan.
If you think about that chain of events, this case has essentially criminalized the act of requesting a collateralized loan.
She knows he will put up the money. She’s preening for her peeps.
What a good little commie bitty.
This bullshit affects everyone who is involved in real estate. It affects every capital decision throughout the business world. It violates every law of commerce and ownership.
The ultimate effect is a massive fail in New York. She’s a stalinist state now.
This corrupt b*tch is going to take the escalator up in Trump Tower and serve papers.
Maybe if she does, she misses the elevator on the way down.
This is the kind of crap that happens when a ghetto thug is elected to anything.
“then we will seek judgment enforcement mechanisms in court”
Never happen.......but what’s on-going......anything is possible with these nut bags
Appropriate labels for certain groups and individuals are certainly on the decline, although I personally still have a pretty good collection at my disposal.
I predict a May 29, 2020 do over and then 6 months of “peaceful protests”...
Banks do their own valuations on every single loan for RE and anything with a motor, as well non asset backed loans...
and ALL valuations are opinions ...
Getting rid of that judge means that Trump could appeal the verdict.
As I read all this, this judge will not review or hear anything on this case until they get the money.
They break laws and bend them and break them because of political illegal power.
It’s time to separate the law breakers from the law abiding permanently.
There are 75M people who might have cause to start removing these law breaking illegal political power weilding government employees and officials.
It would be funny if all the prosecutor and the judge were killed on the streets of NYC in the next few days.
CANNOT WAIT UNTIL THE COMEUPPANCE OF JAMES & ENGORON.
That judge is creepy looking...!
Trump could get a loan for his properties in NYC and in Florida. The case the democrats brought against him is an automatic fail.
Rantingly.com
If Trump receives a $500 Million home equity loan on Mar-a-Lago to pay his fine does that mean he automatically wins his appeal?
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