The politician has just four days left to find the money to pay his share of the judgment – $454 million plus interest. However, Trump’s lawyers have already announced that the money will not be found.
The New York Attorney General’s Office has taken the first step toward seizing former US President Donald Trump’s assets by issuing court orders in Westchester County. The county is home to the former president’s golf resort and private estate known as Seven Springs, CNN reports.
The court previously ruled that Trump, the Trump Organization and top executives including Trump’s two sons, Eric and Donald Jr., are liable for fraud after conspiring to alter the former president’s fortunes to obtain tax benefits and insurance. The judge ordered them to pay a total of $464 million plus interest.
Trump has just four days to find the money to pay his share of the judgment – $454 million plus interest – before New York Attorney General Letitia James begins seizing his assets. If Trump is granted bail, the sentence will automatically stay in place while the former president appeals the court’s decision.
James said that if Trump has no way to pay, his office intends to find “mechanisms to enforce the judgment.”
But on Monday, Trump’s lawyers said he could not find the money for the bail to secure the conviction.
Earlier it was reported that the court in New York (USA) found Donald Trump guilty of civil fraud and must now pay $354.9 million with interest.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.