Will Trump lose property if he can’t pay $464m in New York’s fraud ruling?
Al Jazeera
Trump faces a Monday deadline to pay his $545m bond, and the New York attorney general says she is prepared to seize assets.
Former United States President Donald Trump has built a self-styled reputation as an ultra-wealthy businessman with a vast real-estate portfolio.
But now, the properties and businesses emblazoned with his name face an unprecedented threat, following a ruling against him in a civil fraud case last month.
On Monday, Trump faces a deadline to post his bond, after Judge Arthur Engoran ordered him to pay a total of $454m for inflating his wealth to fraudulently secure loans and business deals.
If he fails to meet the cut-off date, New York Attorney General Letitia James could start to seize Trump’s assets, including his estates and other properties.
Trump has portrayed the effort as yet another “political witch hunt” meant to derail his 2024 presidential ambitions. James’s office has, in turn, suggested Trump is attempting to evade a public assessment of his much-vaunted personal wealth — with critics long arguing he is only worth a fraction of what he claims.
