New York Gears Up To Seize Trump Westchester Propertoies If Find Unpaid.
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.
news.bloombergtax.com
ew 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.
New York Attorney General Letitia James registered the judgment on March 6, according to the Westchester County Clerk’s online database. The filing didn’t give a reason for the registration or identify any Trump assets, but it will allow James to more easily secure liens, should she decide to do so, on two of the real estate mogul’s most valuable properties: Trump National Golf Club Westchester and the mostly undeveloped 212-acre Seven Springs estate.
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. 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.