New York AG Letitia James Prepares To Seize Donald Trump's Assets, Eyes Westchester Golf Club If Former President Failed To Pay $454 Million
Former US President and Republican presidential candidate Donald Trump speaks during a Buckeye Values PAC Rally in Vandalia, Ohio, on March 16, 2024.
(Photo : KAMIL KRZACZYNSKI/AFP via Getty Images)

The office of New York Attorney General Letitia James files judgments in Westchester County, NY.

This could mean that James is getting ready to seize former President Donald Trump's assets there, such as a golf course and a private estate, if he doesn't pay the $464 million bond in his financial fraud case by Monday.

Donald Trump's Fraud Case

Prosecutors from the office of Manhattan District Attorney Alvin Bragg tell Judge Juan Merchan that less than 270 of the 170,000 documents given to Trump's lawyers are related to the hush money case.

They ask Judge Merchan to keep the April 15 start date for the trial. Bragg's team sees the complaints from Trump's lawyers as part of a pattern of "strategic delay."

The decision against Trump and the fact that he is having trouble getting a bond while he fights the decision affects his image as a billionaire, just as he is trying to get more money for his legal fees and his third run for president.

The first thing a collector would do to try to get back property is to get a judgment. If the asset is going to be seized, more steps would be taken, like putting bonds on assets or moving to sell on properties or additional actions would be done in court.

The decision has already been made in New York City, which is home to Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel next to Central Park, and many apartment buildings.

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New York AG Prepares to Seize Trump's Assets

As of Thursday, CNN looked at court records and found that no judgments have been made in Cook County, Illinois, which is home to Trump's hotel in Chicago, or in Florida counties like Miami or Palm Beach, which are home to Trump's Mar-a-Lago property and the Trump National Doral Golf Club and resort.

Now Trump has four days to either pay the fine or convince an appeals court to let him post a smaller amount or put off the payment until after the appeal.

However, Trump's lawyers admitted on Monday that he was unable to get a full appeals bond because he did not have enough cash on hand, despite his "diligent efforts." Instead, he asked the court to accept a $100 million bail.

Gary Giulietti, an insurance broker they talked to, wrote in an affidavit that getting an appeal bond for the full amount of the ruling would be "practically impossible" for a company like the Trump Organization because most of its assets are invested in real estate.

That argument was pushed back against by James' office on Wednesday, telling a state appeals court that there is no rule that says Trump can only get one bond from a single surety for the full amount of the judgment in order to reduce "any individual surety's risk."

Related Article: Trump's $454M Bond Troubles Could Pose A New Legal Threat, Michael Cohen Warns