© ABC News/Screenshot/Brendan McDermid-Pool/Getty ImagesNew York Attorney General Letitia James said she is "prepared" to ask the judge to seize former President Trump's assets if he cannot pay the $354 million judgment handed down in his civil fraud case.
Former President Trump is appealing $354M New York civil fraud judgment, with interestNew York Attorney General Letitia James appeared to taunt former President Trump about the interest he may own in a civil fraud judgment.
Trump's legal team on Monday appealed a Feb. 16 ruling from New York Judge
Arthur Engoron's finding him liable for more than $350 million in damages in the civil fraud case brought against him by James. Engoron ordered Trump to pay just over $354 million, with post-judgment interest accruing at nearly $112,000 per day.
"In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself. Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest," James wrote on X, celebrating on the same day of the judgment.
Comment:
The longer-term effects as outlined by Kevin O'Leary if the judgement is allowed to go forward: