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Donald Trump may not pay bond — and 75,678

instead let Letitia James seize Trump

Tower: insiders
By Jennifer Gould
Published March 20, 2024, 9:12 a.m. ET

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Trump faces struggles to secure $454 million bond and the latest on the South Korean actress in viral moment
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As Donald Trump faces a Monday deadline to post a $454 million bond in the civil fraud case against him
in New York, insiders said he may be weighing a little-discussed option: Doing nothing.

The ex-president reportedly has been struggling to raise the cash for the bond — either from banks or
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wealthy friends — with his lawyers claiming on Monday that it was a “practical impossibility.” $1M Queens house after homeowner
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While some reports have raised speculation that Trump may “go nuclear” with a Chapter 11 filing to tense standoff
protect his prize real estate assets across Manhattan, experts said bankruptcy would create unwelcome
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A third possibility, however, is to let the deadline pass, leaving it to New York Attorney General Letitia
James to seize Trump’s bank accounts or buildings — including Trump Tower, from which he declared his
2016 presidential run, and which famously includes his personal penthouse.

an option Trump appears to have considered – partly because he believes the chances are good that
It’s
he could recover the assets on appeal, even if he is forced to take his case to the US Supreme Court,
according to friends.

“Even if there is a taking, it doesn’t mean he can’t take it back later,” a source close to Trump told The
Post.

A decision to do nothing poses risks of its own — among them that the New York AG’s Office has the right
to sell off any properties it confiscates in order to recover the cash penalties it is owed.

Trump’s $454 million bond is due Monday.

Robert Miller

“They are going after the money and that’s all he has a right to get back, not the buildings — unless the
judgment is reversed before they are sold,” said Adam Leitman Bailey, a New York-based attorney who’s
focused on the commercial real estate sector.

Sources friendly with Trump say the ex-president believes he has a

strong case. Among other considerations, if the decision is not see also
overturned, “it will have a chilling effect on people who do business in
New York because it could happen to anyone,” according to one
insider.

“There will be severe consequences — not an insurrection. People will

stop doing business in New York. No one will take the risk, and lenders
are now spooked. The real estate market is already a disaster, with What will happen if
office buildings worth a fraction of what they were once worth, and Trump can’t post $454M
there are metastasizing effects when a large part of the city’s budget is bond in his civil fraud
case by Monday’s
from real estate.” deadline?

One source close to Trump insisted that he could raise funds from
wealthy “friends and supporters,” but so far has not chosen this path.

“He’s not an ‘I’m passing the hat’ man — he doesn’t want pity or for anyone to feel sorry for him,” the
source claimed. “He will do what he has to do. He has plenty of wealthy friends who would help him if
asked, but he’s not asking, as far as I’m aware.”

Filed under 2024 presidential election donald trump fraud letitia james new york
3/20/24

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Conversation 957 Comments

Share your stance. Please adhere to our guidelines .

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FL Gal
1 hour ago
If his assets are seized and the ruling gets reversed on appeal, then what? You shouldn't have to
ay this price in order to invoke your rights to appeal free from punitive measures from a
govt.

But of course when it comes to Trump, there are no rights.

Reply 247 Share

Marshall Feuer
1 hour ago
The seizures can be reversed on appeal
8th amendment. No confiscatory fines.
Reply 61 Share
8 replies

Susan Simonetti
1 hour ago
When he wins on appeal, think of him suing New York and LJ! Can’t wait.
Reply 131 Share
7 replies
Show 20 more replies

Independant
1 hour ago
IfJames takes the Property and sells it, it will send a LOUD and CLEAR message to all
ompanies doing business in NYC to GET OUT! The fall out from her seizing his assets will be
Risky, but tremendous.
Reply 100 Share

Wanker Dongster
36 minutes ago
They do not care. All they care about is keeping Trump from becoming president. Period.
they KNOW retribution will be justified, and severe, and I can't wait for it.
Reply 20 Share
2 replies

Barry
1 hour ago
The message loud & clear: DON'T CHEAT
Reply 36 Share
6 replies
Show 9 more replies

Michael Isaak
1 hour ago
Not sure why the Supreme Court will not step in and stay the judgement since this is truly a
onstitutional matter - this being the egregious penalty. The penalty prevents procedural due
(right to appeal).
Reply 30 Share

Cara Zee
1 hour ago
They have until Friday or so to do that. The egregiousness is blatant. The attack on a
olitical opponent is as well. This is nothing but vote tampering and regime attacks.
with the WH will no doubt be found and exposed.
Reply 17 Share
2 replies

Barry
59 minutes ago
State Case. Not s Fed Case
Reply 5 Share
3 replies

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