Trump’s Buildings Could Be Seized Soon After He Fails To Secure $454 Million Bond For Business Fraud Penalty

Former President Donald Trump risks having his assets seized as soon as next after he failed to secure a $454 million bond for a civil fraud case.

In a court filing on Monday morning, the former president’s lawyers said 30 surety companies have already rejected him. Trump’s children and Trump Organization executives have attempted to aid him to no avail.

The ruling by Judge Arthur Engoron gives Trump 30 days to pay from Engoron’s formal entry of the order. Trump’s 30 days end on March 25.

New York Attorney General Letitia James, who brought on the lawsuit against Trump, said she’s ready to seize his assets if he cannot pay. Trump’s civil fraud case includes inflating the value of numerous assets and properties including his Mar-a-Lago resort and Trump Tower penthouse.

James expressed confidence in the strength of her case on appeal and reiterated her office’s determination to collect the court-ordered fine from Trump. She specifically mentioned Trump’s 40 Wall Street skyscraper as a potential asset subject to seizure. James explained that her office is “prepared to make sure that the judgment is paid to New Yorkers,” and added, “And yes, I look at 40 Wall Street each and every day.”

Trump has continuously denied any wrongdoing and plans to appeal. On Monday, Trump’s lawyers filed to delay the judgment in a new court filing. His legal team claimed the amount was excessive. Executive of Lockton Companies, Gary Giulietti, backed the claim, citing that a bond of that amount was not possible in such a short period.

Trump’s lawyers have asked his bond be reduced to $100 million after the appeal. Trump has already posted a $91.6 million bond this month for the E. Jean Carroll case.