What happens if Trump can’t secure a bond for his $464 million civil fraud judgment?

Denny Irwanto

Donald Trump has boasted that his assets include the “Mona Lisas” of real estate, but the former president risks losing some of those properties and unraveling his personal finances if he can’t satisfy the judgment in his $464 million civil fraud case by next week .

New York Attorney General Letitia James could ask the court to freeze Trump’s bank accounts, begin collecting rent from the tenants of his buildings, subpoena the former president for his personal financial information including tax returns, and request that the New York City Sheriff auction his trophy properties within months, according to several experts in the judgment collection industry who spoke with ABC News.

In a filing this week, Trump’s lawyers told the court that securing a bond for the full judgment was a “practical impossibility” after more than 30 insurance companies declined to accept Trump’s cash and properties as collateral.

“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James said in an exclusive interview with ABC News last month.

PHOTO: New York Attorney General Letitia James speaks during a press briefing, Feb.  16, 2024, in New York.

New York Attorney General Letitia James speaks during a press briefing, Feb.

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Attorney General Ken Paxton’s securities fraud charges could be dropped under deal, according to report

Denny Irwanto

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Lawyers in Ken Paxton’s felony securities fraud case are in talks about a deal to drop the charges facing the Republican attorney general if he performs community service and pays restitution, according to the Austin American-Statesman.

Paxton could also have to take advanced legal education courses under a “draft agreement” that would allow him to skirt next month’s trial, the Statesman reported.

Paxton, who has been under indictment on two first-degree fraud charges and a third-degree charge since 2015, was scheduled for a final pretrial hearing on Tuesday ahead of an April 15 trial in Houston. He is accused of soliciting investors in a McKinney technology company more than a decade ago without disclosing that the firm was paying him to promote its stock. He is also charged with steering clients to a friend’s investment advising business without registering with the state securities board.

The case has been delayed by a number of disputes between Paxton’s attorneys and the special prosecutors handling the case, including over how much the prosecutors should be paid. The sides have also sparred

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