Report: Three Ways Letitia James Could Collect $454M if Donald Trump Can’t Post Bond
Donald Trump,Politics,Letitia James,Mar-A-Lago,New York,2024 Presidential Election
New York Attorney General Letitia James reportedly has three ways to collect $454 million if former President Donald Trump does not post a bond to cover a civil fraud judgment by Monday.
If Trump’s Monday appeal fails to reduce or hold off James from collecting the bond amount, she would have the power to go after the former president’s cash and real estate holdings. “We are prepared to make sure that the judgment is paid to New Yorkers,” James told ABC News in February.
To stave off James’ tactics, Trump must post a liquid (cash, securities) bond covering the full amount of the judgment to pause enforcement of the judgment, but 30 surety companies told Trump they would not accept real estate assets as collateral, his lawyers said Monday.
Trump maintains the legal action against him is election interference. “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision,” Trump posted on Truth Social Tuesday. “In other words, he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division, but he refuses to accept their already made decision.”
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