New York Attorney General takes initial step to prepare to seize Trump assets
The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
The New York attorney general’s office has taken the initial step to potentially seize Donald Trump’s golf course and private estate, known as Seven Springs, by filing judgments in Westchester County. This action follows Judge Arthur Engoron's $464 million decision against Trump, his sons, and the Trump Organization. The former president is facing challenges in securing a bond while appealing the verdict, which directly impacts his financial image and future political aspirations. If Trump fails to satisfy the judgment within four days, the attorney general may take further steps to seize assets, such as putting liens on properties or moving to foreclose on them. While judgments have been entered in New York City, they have not been entered in Florida or Cook County, Illinois, where Trump also owns properties. The process to seize assets is expected to be complex and time-consuming due to the intricate organization of Trump's business and the numerous properties involved [1].
Trump's legal team has pushed back on the attorney general's suggestions regarding how he can pay the bond, arguing that the proposed arrangements are impractical and unjust. They have also expressed concerns about the potential impact of being forced to sell properties at a fire sale. Meanwhile, Judge Engoron has expanded the role of the monitor overseeing the Trump Organization to include more extensive oversight of its internal financial practices, ordering detailed information to be provided about efforts to obtain bonds to cover judgments. The monitor has been empowered to have access to the organization's financial operations and to make recommendations for proper internal controls.
Trump's legal team has pushed back on the attorney general's suggestions regarding how he can pay the bond, arguing that the proposed arrangements are impractical and unjust. They have also expressed concerns about the potential impact of being forced to sell properties at a fire sale. Meanwhile, Judge Engoron has expanded the role of the monitor overseeing the Trump Organization to include more extensive oversight of its internal financial practices, ordering detailed information to be provided about efforts to obtain bonds to cover judgments. The monitor has been empowered to have access to the organization's financial operations and to make recommendations for proper internal controls.