The office on Thursday filed judgments in Westchester County, where former President Trump’s golf resort and private estate known as Seven Springs is located.
The move comes after Trump, the Trump Organization and two of his sons were found liable for fraud after conspiring to alter the former president’s net worth for tax and insurance benefits.
As a result, they were ordered to pay $464 million, plus interest, in total.
Trump has just four days to find the cash to post a surety bond for his portion of the judgment — a whopping $454 million, plus interest — before New York Attorney General Letitia James (D) can begin seizing his assets.
An insurance broker they consulted wrote in an affidavit that a company like the Trump Organization has most of its assets invested in real estate, making obtaining an appeal bond in the judgment’s full amount “a practical impossibility.”
Entering a judgment in the counties where Trump owns properties is the first step toward attempting to recover them.
A judgement was also entered in New York City, where Trump’s 40 Wall Street and Trump Tower properties are located.
The Hill’s Ella Lee digs deeper here.
