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.
