New York AG Letitia James has said that she will seek to seize some of Trump’s assets if he’s unable to pay the judgment.

Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.

Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

  • mercano@lemmy.world
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    8 months ago

    The ruling prohibits him from applying for loans from any institution “chartered or registered with the New York Department of Financial Services.” New York City is a global financial hub, so the registered clause is going to affect many banks that are headquartered outside of New York.