A New York court has agreed to hold off collection former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.
A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.
Referring to his properties as "my ‘babies,’" he bristled at the idea of being forced to sell them or seeing them seized.Seizing assets is a common legal option when someone doesn’t have the cash to pay a civil court penalty. In Trump’s case, potential targets could include such properties as his Trump Tower penthouse, aircraft, Wall Street office building or golf courses.The attorney general also could go after his bank and investment accounts.
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