New York attorney general moves to seize Trump assets as fraud fine deadline approaches

Donald Trump has until Monday, March 25 to pay the fine.

New York Attorney General Letitia James has taken preliminary steps to seize the assets of former US President Donald Trump, days after Trump paid $454 million in a civil fraud case The deadline is coming to an end. Among the assets authorities could reportedly seize are Trump’s golf courses and the private estate known as Seven Springs in northern Manhattan. CNN. According to the court ruling, the former US president, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization are liable to pay $355 million plus interest.

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A New York court said they lied about the value of their assets for years, defrauding banks and insurance companies. But the former president, who has secured the Republican nomination for this year’s presidential election, is appealing his punishment.

However, he must guarantee that he will pay the fine if his legal battle fails.

The Seven Springs Estate, which is subject to foreclosure, is nestled in the tranquil Westchester County landscape.according to new york postThe 230-acre property spans three towns: Bedford, Armonk and Chappaqua.

The mansion was built in 1919 and was acquired by the Trump Organization in 1996 for $7.5 million.

Mr Trump has big plans for the estate, but more than two decades after buying it, ambitious renovations have yet to be carried out.

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Mr. Trump’s children grew up on the estate and often came here during the summer and on weekends.

Also slated to be occupied is Trump National Golf Club in Westchester, which features an 18-hole course with a sprawling 75,000-square-foot clubhouse. According to the Washington Post, the organization was originally founded in 1922.

After the court ruling, Trump published a post on Truth Social, claiming the size of the bond was “unconstitutional, un-American, unprecedented and virtually impossible for any company, including one as successful as mine.” Company. The bond companies have never heard of a bond of this size being used before, and even if they wanted to, they wouldn’t have the ability to post one.”

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