New York Attorney General Letitia James could soon start seizing some of Donald Trump's properties if the former president cannot come up with a $464 million bond in his civil fraud case.
On Monday, Trump's lawyers filed a document in court saying they are unable to secure the bond amount, which has increased from $454 million because of interest, in the civil fraud case brought by James.
"The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude," Trump's lawyers said. "Despite scouring the market, we have been unsuccessful in our efforts to obtain a bond for the Judgment Amount for Defendants for the simple reason that obtaining an appeal bond for $464 million is a practical impossibility under the circumstances presented."
Last month, Trump was ordered by Judge Arthur Engoron to pay the fine in a judgment that said he inflated the value of his assets and properties on financial statements to banks and insurers while trying to get loans and make deals. The former president and his two eldest sons, Eric Trump and Donald Trump Jr., were also barred from conducting business in New York for two to three years.
The former president has until March 25 to come up with the bond amount or James could begin seizing some of his assets and properties.
Newsweek reached out to Trump's spokesperson via email for comment.
Newsweek reviewed a document from the attorney general's office that lists properties owned by Trump that had "fraudulent" and "misleading" values and could end up seized:
- Trump Park Avenue, New York, N.Y.
- Trump Tower, New York, N.Y.
- 40 Wall Street, New York, N.Y.
- Seven Springs, Westchester County, N.Y.
- Trump International Hotel and Tower, Las Vegas, Nevada
- Mar-a-Lago, Palm Beach, Florida
- Trump National Golf Club Westchester, Briarcliff Manor, N.Y.
- Trump National Golf Club Charlotte, Mooresville, North Carolina
- Trump National Golf Club Colts Neck, Colts Neck, New Jersey
- Trump National Golf Club, Washington, D.C., Sterling, Virginia
- Trump National Golf Club Hudson Valley, Hopewell Junction, N.Y.
- Trump National Golf Club Jupiter, Jupiter, Florida
- Trump National Golf Club Los Angeles, Rancho Palos Verdes, California
- Trump National Golf Club Philadelphia, Pine Hill, New Jersey
- Trump International Golf Links Scotland (Aberdeen)
- Trump International Golf Links Scotland (Turnberry)
In a post to his Truth Social account this week, Trump criticized the judgment handed down by Engoron and said he may have to sell some of his properties to come up with the bond amount.
"Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me," Trump wrote. "I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!"
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Matthew Impelli is a Newsweek staff writer based in New York. His focus is reporting social issues and crime. In ... Read more
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