Letitia James Wants to Block Trump From Leaving New York: New York Attorney General Letitia James is seeking to prevent Donald Trump from relocating his business address from New York to Florida. She argues that the Trump Organization’s executives conduct business activities at Trump Tower in Manhattan.
In a letter to Judge Arthur Engoron on Thursday, James urged him to dismiss Trump’s attempt to move the business address of six entity defendants to Florida. She contends that the entities are situated at Trump Tower, where the executives responsible for their business activities operate.
Letitia James Wants to Block Trump From Leaving NEW YORK: Trump is facing a hefty bill from New York state, amounting to nearly $454 million, which includes interest. This comes after a civil fraud trial where he was accused of inflating his wealth on financial documents to mislead banks, insurers, and others.
Last Friday, Judge Engoron ruled for a verdict of almost $355 million. However, this amount continues to increase by $87,502 each day that the former president neglects to settle the debt.
New York Attorney General James has announced her intention to seize some of Trump’s assets if he fails to fulfill the payment.
James, speaking to ABC News on Thursday, emphasized that if the individual in question lacks the funds to settle the judgment, they will pursue legal avenues for enforcement. This could involve petitioning the court to seize assets.
The previous day, Trump’s legal team had requested Judge Engoron to postpone enforcing the substantial judgment against him for a month. They criticized James for what they deemed a hurried approach, alleging that she sought approval for a proposed judgment mere days after the ruling.
Trump is granted a 30-day window from the entry of judgment to post bond and initiate an appeal.
Trump’s legal team also informed the court that several addresses listed for him in James’ proposed judgment were inaccurate and provided the correct addresses for these entities, all of which were situated in Florida.
Among the addresses mentioned were the Mar-a-Lago estate, the Trump National Golf Club in Jupiter, and the Trump National Doral Miami.
In addition to facing a $355 million verdict plus interest, Engoron’s ruling also prohibits Trump from serving as an officer of a New York business for three years.
If Trump decides to appeal the judgment, as he has indicated he intends to do, it is anticipated to be a costly endeavor. Even before filing an appeal, Trump would need to deposit the entire amount he has been ordered to pay into a court account under New York law.
Given the substantial sum involved, he is expected to secure a bond, which would require him to pay around $400 million even before initiating the appeals process.
Update 2/22/24, 1:47 p.m. ET: This article has been revised to include additional information.