The New York attorney general’s office has filed charges in Westchester County in what would be the first indication that the state is preparing to try to seize Donald Trump’s golf course and a private property in northern Manhattan known as Seven Springs.
As a result, state lawyers filed a lawsuit with the Westchester County Clerk’s Office on March 6, a week after Judge Arthur Engoron made his ruling on 464 million dollars in fines against Trump, his sons Donald Trump Jr. and Eric Trump official. and the Trump Organization.
Filing a lawsuit would be the first step a creditor would take to try to recover the property. Additional measures would then follow, such as placing liens on assets or foreclosing on properties, or taking other actions in court if the asset is seized.
The lawsuit has already been filed in New York City, where Trump properties are located, including Trump Tower, the penthouse at Trump Tower, 40 Wall Street, the hotel adjacent to Central Park and several apartment buildings.
Trump now has four days to comply with the sentence or convince an appeals court to allow him to deposit a smaller amount or delay payment until after the appeal.
Additionally, Donald Trump’s lawyers denied on Thursday (21) several of the suggestions made by the New York Attorney General’s office about how he can post bail in the case.
That includes the idea that Trump could get multiple underwriters to guarantee bonds totaling the value of the judgment — saying it would still require Trump to deposit half a billion dollars in cash or stock — which he doesn’t have.
The former president’s legal team argued in the lawsuit that the office should not be able to contest his claims.
If no agreement is reached, New York Attorney General Letitia James said she will take steps to seize assets.
