New York Attorney General Letitia James has issued a warning to former President Donald Trump, stating that if he does not pay the $354 million civil fraud fine, she may seize his assets. The fine is related to the investigation into Trump’s financial dealings, and failure to pay it could result in the seizure of his property.
James has been pursuing this case for a while now, and she has made it clear that she is prepared to take action if Trump does not comply with the court’s decision. This warning comes as Trump continues to accumulate a significant amount of interest on the fine, with reports stating that he is racking up $2.6 million in interest every month.
The New York Daily News reported that Trump owes $87,000 daily in interest on the historic fraud penalties, adding to the urgency for him to settle the fine. In light of this, entrepreneur Kevin O’Leary has publicly announced that he will no longer invest in New York after the Trump verdict, indicating the potential impact of this ongoing case on the business and investment landscape of the state.
Additionally, James has made it clear that she is prepared to take drastic measures, including seizing the Trump Building, if necessary. This development adds pressure on Trump to address the issue and resolve the outstanding fine to avoid the potential loss of his assets.
Overall, the situation highlights the legal and financial troubles facing the former president, showcasing the gravity of the consequences if he fails to address the fine imposed on him. The potential seizure of his assets by the New York Attorney General demonstrates the serious implications of his failure to pay the civil fraud fine.