Trump Rages at Letitia James Over Massive $464m Bond

( – Donald Trump has accused New York Attorney General Letitia James of launching an “unlawful witch hunt” against him as he admits he is struggling to secure the funds needed to appeal the $454 million fine handed down by the courts. Judge Arthur Engoron imposed the enormous fine after James filed a suit against the former President, alleging he had falsely inflated the value of assets for business and investment purposes.

On March 17, Trump’s attorneys said 30 bond companies refused to provide the funds the former President needs to appeal the ruling, which he intends to do. If he cannot pay, Letitia James has confirmed that she will seize his assets, including his real estate portfolio in the Big Apple.

In a written statement, Mr. Trump called James a “racist” and described her actions as “unconstitutional” and “unlawful.” He also attacked Judge Engeron, saying he is “Democrat-controlled.” Trump added that bond companies have never seen such a hefty fine, and most don’t have the resources to cover it.

In February, Ms. James, a Democrat, told ABC News presenter Aaron Katersky that she is “very confident” that the case against Trump is solid and will not be overturned on appeal. She repeated her intention to take the former President’s reality assets, explicitly noting his famous skyscraper, 40 Wall Street, which she says she “looks at each and every day.”

Donald Trump must post the $454 million bond by March 25, or James can start the ball rolling to secure his real estate assets. Syracuse University Law Professor Gregory Germain predicts that the Trump Tower penthouse in Manhattan, 40 Wall Street, and the Republican’s golf courses will be first in the firing line. He added that planes and helicopters would probably be next.

The seizure process, however, is not immediate and will likely encompass a long and drawn-out legal process. Still, Letitia James can initiate that process later in March if Trump doesn’t pay.

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