New York Attorney General Letitia James is reportedly gearing up to seize former President Trump’s valuable properties in Westchester County. This development comes as Trump faces a looming deadline to pay a substantial bond in his civil fraud case.
The situation escalated as records revealed that Attorney General James has officially registered judgments against Trump, the Trump Organization, and his two eldest sons in Westchester County. These judgments raise concerns that properties like the Trump National Golf Club and the Seven Springs estate could be seized to satisfy legal obligations.
Trump’s legal team has expressed difficulties in finding an underwriter willing to cover the entire 464-million-dollar bond amount required by Monday’s deadline. This has heightened the urgency for Trump to secure the necessary funds or risk losing significant assets.
The move by the New York attorney general marks the initial step towards potential asset seizure, with state lawyers taking legal action in Westchester County earlier this month. The focus is primarily on Trump’s Seven Springs golf course and private estate, both of which hold substantial value.
The deadline looming over Trump presents a critical juncture in his legal battles, as he must either fulfill the bond requirement or seek alternative measures, such as appealing for a reduced bond amount pending the outcome of his appeals.
Trump’s statement about considering “fire sale” prices to sell off properties underscores the financial pressure he faces to meet the legal obligations imposed by the civil fraud case.
As the legal proceedings unfold, the fate of Trump’s Westchester properties hangs in the balance, with potential seizure looming large unless swift action is taken to address the bond requirement.
