Former United States President Donald Trump owns several prestigious golf courses across the world, but if he can’t come up with $464 million by Monday, to cover a recent judgment in a civil fraud cause, he could start having them seized by New York Attorney General Letitia James.
Donald Trump must pay $464 million after he was found to have fraudulently inflated the value of his assets and properties – including many of his golf courses – in order to obtain more favorable loan and insurance rates. Trump has been unable to secure a bond that would cover the $464 million while he appeals the judgment.
If Trump is unable to come up with the money by Monday, James could begin seizing his assets and properties – and according to ABC News, it sounds like she is already taking steps toward seizing one of those golf courses.
“State officials have entered the judgment from Trump’s civil fraud trial in Manhattan with the county clerk’s office in Westchester, which would allow James to move to take possession of Trump National Golf Course in Briarcliff Manor and Seven Springs, a private estate in Bedford, if Trump fails to secure a bond,” ABC News reported on Thursday.
This is obviously awful news for Trump that he could be losing one of his golf courses and the whole situation led to a lot of reactions on social media.
https://twitter.com/TinaNYB13/status/1770889317373657163?s=20
Trump's lawyers say he faces "insurmountable difficulties" in obtaining a bond.https://t.co/J9k7f5lBgz
via ABC News App— DLKirkwood (@dl_kirkwood) March 22, 2024
Didn't the defendant obtain these "iconic" landmarks through fraud and misrepresentation – possibly denying someone honest being able to procure them? #trump #realestate #newyorkhttps://t.co/nEEOCvVnfH
— john smith (@maxsmithjohn) March 21, 2024
Good. Seize his properties.
New York AG takes 1st step toward possibly seizing Trump's assets as part of $464M fraud judgment https://t.co/bTKBYD8RJF— Steve McElroy (@stevemacwv) March 21, 2024
Well, the guy who bragged about grabbing asses is going to get his assets grabbed. Poetic justice, sort of. https://t.co/Yv2eXCtugM
— Marti (@dogleaps) March 21, 2024
Trump, you shouldn't have defrauded investors, banks, insurers and inflated your worth to skim better rates, and lower on state taxes to gain benefit on Taxes,
Dude, it's called FRAUD https://t.co/jkfYQeV8dL— CeCeIsSickOfTheGOP (@gumboqueen3030) March 21, 2024
We’ll have to see what ultimately happens, but this is pretty bad news for Trump.
[ABC News]
