(DCWatchdog.com) – In a threatening attempt to grab money from former President Donald Trump’s pockets and persecute him as leftists usually do, recent public records indicate that Democratic New York Attorney General Letitia James has initiated actions to seize Trump’s assets.
According to a source, James filed judgments against Trump, his sons, and the Trump Organization on March 6 at the clerk’s office in Westchester County, where Trump owns a golf resort and private estate named Seven Springs.
In February, Judge Arthur Engoron ruled that Trump owes $454 million in James’ lawsuit. Engoron ruled that Trump, the Trump Organization, and top executives, which included two of Trump’s sons, Eric and Donald Jr., were liable for fraud after conspiring to alter the former president’s net worth for tax and insurance benefits.
Trump’s legal team stated in a recent filing that he cannot afford the bond for his appeal, and seeks to delay the judgment’s execution. Likewise, they highlighted the challenge of finding a bonding company willing to provide such a large bond.
“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude…In short, ‘a bond of this size is rarely, if ever, seen,’” Trump’s attorneys wrote.
Moreover, Trump’s legal team consulted Gary Giulietti, an insurance broker, and he wrote in an affidavit that a company like the Trump Organization has most of its assets invested in real estate, making obtaining an appeal bond in the judgment’s full amount “a practical impossibility.”
Responding to this, James argued that Trump failed to provide evidence of his inability to secure the bond.
“If defendants were truly unable to provide an undertaking, they at a minimum should have consented to have their real-estate interests held by Supreme Court to satisfy the judgment,” the filng stated.
Trump’s deadline to pay the bond is Monday, the same day his first criminal trial was scheduled to get underway before a last-minute document dump delayed the proceeding.
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