Trump May Let James Seize Trump Tower Rather Than Pay $454M: Report
Donald Trump says it's impossible to pay a $454 million bond by Monday to appeal his civil fraud judgment. Prosecutors don't believe him. Former President Donald Trump is considering allowing Attorney General Letitia James to seize his assets, including Trump Tower, rather than paying a $454 million bond to appeal his civil fraud case. The New York Post reports that Trump may allow this to occur, which would effectively allow James to take over Trump's assets. Despite this, sources suggest that he may recover these assets later through appeal. This comes as Trump and his attorneys are trying to extend or scrap the March 25 deadline to post the $454M bond so he can appeal his judgment. James' lawyer, Dennis Fan, argues that Trump's claim that obtaining a full bond is based on a false premise that they must obtain a single bond from a single surety for the entire judgment amount of $464 million.
Опубликовано : месяц назад от Matt Troutman в Politics
NEW YORK CITY — Former President Donald Trump is mulling whether to let Attorney General Letitia James seize his assets — including Trump Tower — rather than pay a $454 million bond to appeal his civil fraud case, according to a new report.
"Friends," "insiders" and "sources" close to Trump reportedly told the New York Post, as detailed in a story Wednesday, that he's considering letting a March 25 deadline to post the bond simply pass. Doing so would effectively clear the way for James to seize Trump's assets such as Trump Tower, but sources told the Post he's hopeful that he could recover them on appeal, the report states.
"Even if there is a taking, it doesn't mean he can't take it back later," an unnamed source told the Post, according to the report.
The Post report came as Trump and his attorneys fought to somehow extend or scrap the March 25 deadline to post the $454 million bond so he could appeal his civil fraud judgment. Trump's lawyers said this week said it was "not possible" under the circumstances to find an underwriter to cover the entire amount.
But Dennis Fan, a lawyer in James' office, argued that Trump didn't try hard enough. "Defendants' argument that obtaining a full bond is purportedly impossible is based on the false premise that they must obtain a single bond from a single surety for the entire judgment amount of $464 million," Fan wrote.
Fan asked the court to turn down Trump's request to hold off collection while he appeals. James can start taking steps March 25 to fulfill her pledge to seize some of Trump's assets if he can't pay.
Trump has complained about having to pay the bond. "I shouldn't have to put up any money, being forced by the Corrupt Judge and AG, until the end of the appeal," he posted on Truth Social this week. The Associated Press contributed to this report.