If Trump fails to raise nearly half a billion dollars by Monday, New York Attorney General Letitia James may begin the process of seizing his bank accounts and properties.
Here’s how CNN’s Erin Burnett Outfront discussed what might come next:
BURNETT: Okay. So, Ryan, hurry up, get Stephanie here and what happens, if she doesn’t succeed, she loses in court. He can’t sell a building by next Monday, which he can’t.
So?
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GOODMAN: Then, Letitia James seizes her property, puts liens on all her assets, bank accounts. And as Erik said, this is not limited to New York. So you probably understand at this point where you have different resources, in Florida, in Mar-a-Lago and elsewhere.
BURNETT: And what does that mean, he can’t get in there or people can’t get in there. What does it mean?
GOODMAN: That means it couldn’t be fought in some court. But for that period of time it really becomes unusable. And how do you carry on any additional business when these are under foreclosure and are being seized by the courts.
BURNETT: So, Stephanie, what does this really mean for him? I mean, in the context that he’s now publicly admitting that 30 insurance companies have refused to support this bond.
STEPHANIE GRISHAM, FORMER WHITE HOUSE PRESS SECRETARY FOR TRUMP: Yes. The fact that this is now covered in the media, it’s going to be very, very hard on his ego and not just on Donald Trump, but on the entire family. This will hurt them. It will bruise their ego and I’m sure that soon, it will be tonight, maybe tomorrow, we will hear about the left-wing Democrats going after him, et cetera, et cetera, et cetera.
You know, listening to you guys talk about his properties, though, I think if it were to happen, 40 Wall Street is probably the one where… I mean, he would hate it. But I think if he also tries to take over Mar-a-Lago or Bedminster or Trump Tower – I mean, those are his kids. There is the Sterling Golf Course in Virginia.
Video:
Trump’s nightmare scenario could begin on Monday: “Letitia James seizes her properties, puts liens on all her assets, bank accounts.” (Video: CNN) pic.twitter.com/GLar8gVU7M
—Mike Sington (@MikeSington) March 19, 2024
Unless Trump can come up with about $500 million by Monday, even though he has been rejected by 30 bail bond companies, New York state will begin the process of seizing his assets, which could include his golf courses and Florida properties. like Mar-a-Lago.
Most of the properties Trump claims to own, he only owns parts of.
Attorney General James is familiar with Trump’s assets, and the AG’s office likely has a list of assets they will target in court if Trump doesn’t pay.
New York’s looming deadline is likely one reason Trump filed a diversion lawsuit against George Stephanopoulos and ABC News.
Jason is the managing editor. He is also a member of the White House press pool and a congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform movements.
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