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Letitia James Threatens To Seize Trump’s Assets If He Doesn’t Pay $355M Fine

New York Attorney General Letitia James has issued a stern warning to former President Donald Trump, stating that she is prepared to seize his assets if he fails to pay the $354 million civil fraud fine imposed by a judge.

This move comes just days after a court ruled against Trump, determining that he inflated his net worth to obtain more favorable loan terms.

Threat of Asset Seizure

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In an interview with ABC News, Attorney General James asserted that if Trump cannot pay the court-ordered fine, her office will pursue legal mechanisms to seize his assets, including his iconic 40 Wall Street skyscraper.

Her Statement

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“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,” James said in an interview with ABC News’ Aaron Katersky.

Confidence in Legal Case

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James expressed confidence in the strength of her case on appeal, emphasizing the importance of holding Trump accountable for his alleged financial misconduct.

Looking at 40 Wall St

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“We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day,” James said.

Rejecting Trump’s Innocence Claims

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She highlighted the severity of the fraud charges, rejecting Trump’s claims of innocence and portraying the case as crucial for protecting New Yorkers from financial exploitation.

His Fraud is not a Victimless Crime

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“Financial frauds are not victimless crimes. 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,” James said.

Former President’s Should Face Consequences Like Everyone Else

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“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.”

Impact on Financial Markets

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Contrary to Trump’s assertions, James dismissed concerns of a business exodus from New York due to the case’s outcome.

Resilience of Wall St.

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She emphasized the resilience of Wall Street and the city’s tourism industry, suggesting that Trump’s legal battles have not adversely affected New York’s economic vitality.

Observation on Legal Proceedings

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In a pointed observation, Attorney General James remarked on the string of legal setbacks faced by Trump, including losses in civil cases and impending charges related to election interference in Georgia.

She concluded the interview saying, “Someone once told me if you want something done, give it to a woman.”

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Credit: Depositphotos – Washington, DC / USA – July 9 2018: USA President Donald Trump in the Supreme Court of the United States, serious angry look during a speech. — Photo by wadiifekar