Trump Defiant as AG Letitia James Moves to Seize His Properties

President Donald Trump is remaining defiant in the face of extreme adversity and is vowing to take his monster $500 million civil “fraud” judgment “all the way to the Supreme Court.”

Trump’s defiance comes as New York’s Democrat Attorney General Letitia James begins taking steps to seize his iconic real estate holdings.

The seizure of Trump’s property would be a severe financial blow to the 45th president.

It would also be a shocking display of force against the political opponent of Democrat President Joe Biden.

James submitted judgments for Trump’s sprawling Seven Springs golf course and estate, located in Westchester, New York, on March 6.

The move came just days after radical Judge Arthur Engoron slapped Trump with a staggering fine.

Trump has until Monday to cover a $500 million bond, and James has warned she will start seizing Trump’s assets if he doesn’t pay.

His lawyers have said Trump has been struggling to find the cash to cover the full bond amount, and no underwriter is willing to accept real estate as collateral.

In a letter to the appeals court, Trump’s attorneys blasted the bond as “patently unreasonable, unjust, and unconstitutional” and dismissed James’ argument that Trump has ways to pay.

Among her suggestions was for Trump to hold a “fire sale” of his property.

However, Trump’s lawyers said this would subject him to “massive, irrecoverable losses” in the event he wins on appeal as he would need to sell the properties under market value to secure a quick sale.

“The Attorney General provides no basis to dispute this obvious economic reality,” they said.

“It would be completely illogical—and the definition of an unconstitutional Excessive Fine and a Taking—to require Defendants to sell properties at all, and especially in a ‘fire sale,’ in order to be able to appeal the lawless Supreme Court judgment,” they wrote.

Slay the latest News for free!

We don’t spam! Read our privacy policy for more info.

Trump has frequently noted that James campaigned for her office with an explicit promise to go after him, and he has dismissed her case as one part of a coordinated campaign to sway the upcoming election.

His various legal cases, civil and criminal, have put him at a significant cash disadvantage ahead of his rematch with Biden.

Nevertheless, Trump revealed that he has now managed to secure $500 million in cash to cover the bond.

In a surprise development, Trump said Friday that he has enough cash to pay the bond, but warned that he isn’t giving any to the “Trump-hating” judge.

“I’ll fight this all the way up to the U.S. Supreme Court if necessary,” Trump told Fox News Digital.

“They can’t take away your property before you’ve had a chance to appeal the decision of a Trump-hating, incompetent judge who has been overturned more than any judge in the state.”

Meanwhile, in another major development on Friday, shareholders of Trump Media & Technology Group — the parent company of Truth Social — voted to make a publicly traded entity.

The company is worth nearly $8 billion.

The merger approval means TMTG stock will trade on the Nasdaq as “DJT” as early as next week.

Trump holds 78.7 million shares in Trump Media & Technology Group.

His personal stake in the company at its current stock price of approximately $44.17 would be worth between $3 billion and $4 billion.

There is a six-month lock-up on Trump’s shares.

However, the board could vote to waive that rule, unlocking access to an incredible war chest for Trump.

READ MORE – Clinton Operative James Carville Suggests Biden Campaign Assassinate Trump to Win Election

Advertise with Slay News
join telegram


Who is the best president?

By completing this poll, you gain access to our free newsletter. Unsubscribe at any time.

By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

Notify of
Would love your thoughts, please comment.x