New York notifies suburban county of Trump fraud judgment as possible seizures loom

[BumRushDaShow]

Source: Reuters

March 21, 2024 10:53 AM EDT


NEW YORK, March 21 (Reuters) - New York state Attorney General Letitia James this month made an official notification of the civil fraud court award against Donald Trump in suburban Westchester County, where he owns property, according to county clerk records, in what could be a preliminary step toward seizures in the case.

The former U.S. president faces a Monday deadline to post a bond covering a $454 million civil judgment against him for overstating his net worth and the value of his real estate properties to dupe investors and lenders, or risk state authorities seizing his assets while he appeals. Westchester, just north of New York City, is home to the Trump Organization's Seven Springs estate, as well as the Trump National Golf Course Westchester.

James registered the judgments in Westchester against Trump, the Trump Organization and two of his adult children on March 6, according to county records that reflected the official notification. The registrations do not necessarily mean that seizures of the Westchester properties are imminent. But they are a procedural step that would be necessary should James seek to seize them in the future.

Trump's lawyers have previously said in court filings that 30 surety companies that would have guaranteed the bond have turned him down. Bonds are typically backed up with a mix of cash and assets equal to 110% of the total judgment and are returned if the defendant prevails on appeal. Trump has said on social media that he could be forced to sell assets at potentially "fire sale prices" to post bond in the case. He is the Republican candidate challenging Democratic President Joe Biden in the Nov. 5 U.S. election.

Read more: https://www.reuters.com/legal/new-york-registers-judgment-against-trump-westchester-possible-seizures-loom-2024-03-21/

[et tu]

1. don't be shy tish

make him cry and take what the state needs~

[Beachnutt]

2. 👏

[Comfortably_Numb]

3. That oughta put a strain on that shitbird's ticker. Praying every day...

[kimbutgar]

4. I hope she stays safe

These magas are so in the cult they tried to overthrow our government and if the orange calls for a hit like a mob boss some of them are that stupid to attempt it.

[electric_blue68]

19. Yeah, I hear you. : ( 🤞🤞🤞🤞🤞

[riversedge]

5. Raw Story: Letitia James takes first step to seize Trump's Seven Springs resort and N.Y. golf course

https://www.rawstory.com/trump-properties-seized/


Letitia James takes first step to seize Trump's Seven Springs resort and N.Y. golf course

Matthew Chapman
March 21, 2024 11:08AM ET



New York Attorney General Letitia James is already making preparations to seize former President Donald Trump's properties in New York's Westchester County as the Monday deadline for him to post bond in the civil fraud judgment draws near.

According to Bloomberg News, "New York state’s $454 million judgment against Donald Trump in a civil fraud lawsuit was formally registered in Westchester County just outside Manhattan, a sign that his properties in the area may be at risk of being seized if the former president fails to post an appeal bond."

The report states, while the filing didn't specify a reason for the registration, it is the first step to allow James to secure property liens — and there are two valuable Trump properties in the affluent Westchester County: Trump National Golf Club Westchester, and his Seven Springs estate, a 212-acre resort complex that is partially undeveloped.

"James has said she’s prepared to start seizing Trump assets if he misses a March 25 deadline to post a bond for 120% of the judgment to put it on hold while he appeals," noted the report. "She hasn’t started that process, and the registration in Westchester County doesn’t automatically mean she will attempt to seize the properties.

"It’s nevertheless a clear sign they’re at risk.".....................................

Link to tweet

?s=20

[NanaCat]

17. Raw Story is never a reputable source

They're clickbait propagandists who don't have an original thought in their silly heads.

Try linking to a far more credible source instead, one that Raw Story probably ripped off to begin with:

https://www.msn.com/en-gb/news/world/letitia-james-takes-first-step-to-seize-trump-s-seven-springs-resort-and-n-y-golf-course/ar-BB1kiy3S

[Demsrule86]

21. Pretty snarky there...Raw Story doesn't have paywalls and is often used to get the news out

sources like the Post, the Times etc. No source should be considered to be perfect.

[SunSeeker]

6. I'm SO here for this.

[Novara]

7. NICE

[dembotoz]

8. so if the state takes it, who pays the property taxes

it the properties come off the tax roles, the county could be in for a hit

[BumRushDaShow]

9. I expect they would have somone from the state assigned to "manage" it

and handle any utilities, taxes, debts owed on it, etc. and reimburse the county as needed (and that person or office under them, would probably put it up for sale at some point).

[Red Mountain]

10. They won't keep it

They'll sell it. The county will get their pound of flesh.

[2naSalit]

11. Alright!

Keep squeezing him, he'll pop or burst into flames soon.

Wouldn't that be something if he died from a high energy, race-oriented, hate-filled rant? It would literally be a case where his hatred killed him.

Wouldn't that be nice?

[erronis]

12. If it happened while the T.V. cameras were rolling that would be best. But even while he was

thumbing away on his dumb phone and Truth Social it would be fun to watch the further degradation of his texts into mumbo-jumbo. Perhaps the last one would be "DADDY - CAN YOU SPARE A FEW MORE?"

[Hekate]

13. I brought extra butter 'n' salt to share...

[IthinkThereforeIAM]

14. I was saying weeks ago, "Time to notify the Sheriff(s) of impending tax lien/default auction...

... glad to see this... ha

[LiberalLovinLug]

15. Like every other time I see headlines about Trump having to pay for a crime....

I'll have to see it to believe it.

[BumRushDaShow]

16. He actually put up the full $5.5 million originally owed to E. Jean Carroll

that is sitting in escrow and due to his insisting on beating the dead horse of insults, had to put up $91 million more as a follow-on. That's money (almost $100 million) that is no longer in his control.

So now here we are with over half a billion pending...

[mopinko]

18. so, she's gonna need appraisals, rt? cuz bwahahahahaahaaaa.

she’s got to order honest appraisals of all his new york registered properties, doesnt she?
i’d bet his Overseer has already lined that up.
and they’ll b reading that shit outloud, in court, on live tv.

ok, i have enough schandenfreude to get me through the day now.

[electric_blue68]

20. 👀 Heh! 🤞🤞🤞🤞🤞