New York Attorney General Letitia James is ready to seize former President Donald Trump’s iconic New York City buildings if he can’t come up with the cash to pay his $355 million civil fraud fine, a new report shows. "If he does not have funds to pay off the judgment, then we will seek judgment enfo…

  • Flying Squid@lemmy.world
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    9 months ago

    I don’t know… maybe she should give him until the end of the summer.

    Of course, they could also sell fireworks out of there for Independence Day…

    • BarqsHasBite@lemmy.world
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      9 months ago

      I know it’s a joke, but they seize them and then put it up for sale. So they’ll get the highest market price someone is willing to pay. (Now if anyone knows how they deal with debt on the property let me know.)

        • TastehWaffleZ@lemmy.world
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          9 months ago

          Nothing stops them from bidding on the property but if they have the money they could just give it to him so the property wouldn’t be auctioned to begin with

        • protist@mander.xyz
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          9 months ago

          $355 million is a lot of money, especially when he also has other significant judgements against him and a ton of pending legal issues that will require many more millions in attorneys’ fees

      • mkwt@lemmy.world
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        9 months ago

        Any debt leftover after the sale is still owed by the debtor (i.e. big orange one). Of course, if that debtor has no other assets left, you’re probably not going to get paid.

        As far as I know (not a lawyer, not your lawyer), some legal judgements can be discharged in bankruptcy, while others cannot. I don’t know about this judgement. As an example, I believe OJ Simpson is still evading a wrongful death judgement that he cannot escape through bankruptcy.

        Another wrinkle: usually in order to appeal a judgement, you have to post an appeal bond that covers the value of the judgement. And the deadlines to do that are often very, very short.

  • Jaysyn@kbin.socialOP
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    9 months ago

    And E. Jean Carroll is about to sue his dumb ass again for remarks made earlier this week.

  • YurkshireLad@lemmy.ca
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    9 months ago

    He’s hawking his golden boots and someone started a GoFund Me campaign for him. Who knows what will happen!

  • Rapidcreek@lemmy.world
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    9 months ago

    When Letitia James said that she wouldn’t run for Governor, Kathy Hochul said…

    “That’s really bad news for Trump and the NRA”

  • PatFusty@lemm.ee
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    9 months ago

    I thought Trump doesn’t officially own the trump towers? I don’t think he owns anything officially in his own name

      • PatFusty@lemm.ee
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        9 months ago

        I don’t think this is how it works. I don’t think Trump owns ‘shares’ of GMAC or any of the properties that other people purchased.

    • bloup@lemmy.sdf.org
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      9 months ago

      No he definitely has a pretty substantial real estate portfolio. However, most properties bearing his name are just licensing it and are not owned by him. It’s a good point to make though. I was thinking myself that it will be funny if this makes it very apparent how much Trump has sold his own name out.

    • Jaysyn@kbin.socialOP
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      9 months ago

      Not even looking at entire buildings, Trump owns something like 1400 apartments in NYC alone.