Former United States president Donald Trump is being pressured by New York attorney general Letitia James to pledge his real estate as collateral against a $464 million business fraud judgment, despite his claims of inability to make the full payment.
The attorney general's office has stated that if the Republican presidential candidate couldn't secure an appeal bond for $464 million, he "at a minimum" should have allowed the courts to hold those properties, CNBC reported.
The attorney, Dennis Fan, argued that Trump has not provided any evidence to support his claim that obtaining an appeal bond using his real estate holdings was "impossible".
"Defendants supply no documentary evidence that demonstrates precisely what real property they offered" to potential insurers, wrote Fan, in the filing to Manhattan appeals court judges.
Nor did they report "on what terms that property was offered, or precisely why" bond insurers "were unwilling to accept the assets," according to the filing.
The office argued that Trump has not exhausted all his options to secure a bond to prevent a massive fraud judgment from coming due.
Instead, they suggest Trump and his lawyers are making it seem impossible to obtain a bond to convince appeals judges to "put the brakes" on the judgment before Trump must either produce the entire amount or risk default.
James could begin collecting on Trump's judgment by seizing his assets as soon as next week, unless a court intervenes.
"KEEP YOUR FILTHY HANDS OFF OF TRUMP TOWER!" the 77-year-old ex-president wrote Wednesday in a fundraising appeal. "I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense?"
“This will not be like last time’s situation. This will be completely different," says NCM weather expert
Muslim leaders condemn officers for removing woman's hijab during ASU protest arrests
Former first lady isn't bothered by possibility of Republican candidate's arrest
Mark Zuckerberg-owned company refuses to decrypt messages and share user data with Indian government
India's plot of Sikh leader's assassination "stunned Western security officials", Washington Post reports
US Marshals Task Force executed a warrant in the area when they encountered "active gunfire from a subject,"...