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New York Attorney General Threatens Asset Seizure Over Trump’s $355M Fraud Fine

New York Attorney General Threatens to Seize Trump's Properties Over Unpaid Fine

Editor Ritam English by Editor Ritam English
Feb 22, 2024, 07:18 am IST
New York Attorney General Threatens Asset Seizure Over Trump's $355M Fraud Fine

New York Attorney General Threatens Asset Seizure Over Trump's $355M Fraud Fine

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New York’s Attorney General, Letitia James, has issued a stern warning to former President Donald Trump, declaring her intent to seize his properties if he fails to pay a hefty $355 million penalty related to a financial fraud case in New York City. In an interview with ABC News, James emphasized her commitment to ensuring that Trump settles the judgment owed to New Yorkers, even if it means resorting to legal measures to claim assets such as Trump’s iconic 40 Wall Street skyscraper.

The fine stems from a ruling by New York Judge Arthur Engoron, who found Trump, along with his two eldest sons and associates, guilty of inflating his net worth to secure more favorable loan terms. The judge determined that Trump had exaggerated his net worth by as much as $3.6 billion annually during his presidential campaigns in 2016 and 2020.

Trump and his legal team have vehemently opposed the verdict, denouncing it as a “manifest injustice” and alleging that it is part of a politically motivated campaign to undermine him. They have announced plans to appeal the ruling, asserting that the charges are baseless and driven by partisan motives.

However, Attorney General James remains steadfast in her pursuit of justice, asserting that Trump’s financial frauds have real victims and cannot be dismissed as victimless crimes. She rebuked Trump’s claims of innocence, emphasizing the staggering extent of the fraud perpetrated by him and his associates.

This legal battle is just one of several challenges facing Trump, who also faces an $83.3 million judgment for defaming writer and journalist E. Jean Carroll, who accused him of sexual assault. Trump’s mounting legal troubles underscore the complex legal landscape he navigates as he seeks to defend himself against multiple allegations and judgments.

As the legal saga unfolds, the outcome remains uncertain, with Trump and his legal team poised to contest the penalties imposed against him vigorously. Meanwhile, Attorney General James remains resolute in her determination to hold Trump accountable for his alleged financial misdeeds, signaling a protracted legal battle ahead.

Tags: Letita JamesABC NewsJamesNew York Judge Arthur EngoronNew YorkPresident Donald Trump
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