AG Letitia James already trying to seize Trump property to pay $464M fine

Less than a week after Judge Arthur Engoron levied a $355 million fine on former President Donald Trump saying that he artificially inflated his property values in order to get more and cheaper loans for the Trump Organization, New York Attorney General filed on March 6 to begin seizing his Seven Springs golf course and resort.

The fine is $464 million with interest and other costs, and Trump has been unable to get a bond issued in that amount in order to appeal the decision.

CNN reported that because Trump has his assets set up in limited liability companies, he is not technically listed as the owner, and the process of seizing such assets will be long and complex.

“In the meantime, she could also obtain bank levies and go after the bank assets. She could put liens on properties. There are all kinds of things that she’s able to do in an effort to collect,” Northeastern University Professor Nikos Passas said.

Meanwhile, Trump is asking that he be allowed to post a smaller bond or defer posting while the appeal proceeds.

His lawyers have argued that having to raise almost half a billion dollars to get a bond would require him to "fire sale" one or more of his properties, and that doing so would constitute irreparable harm because he would not then be able to get them back.