Trump Avoids Asset Seizure Risk
Former US President Donald Trump has managed to avoid the risk of having his assets seized. On February 16th, Trump was accused of inflating his net worth by billions of dollars in order to meet loan and insurance terms.
Initially, Trump was required to post a $454 million bond. However, the appellate court later allowed him to post a lower amount within 10 days. This bond prevented New York Attorney General Letitia James from seizing Trump’s assets, including the Trump Tower, a 370-acre resort in Westchester, and the Mar-a-Lago estate in Florida.
Trump has denied the allegations and believes it to be a political witch hunt by James, a Democratic party member who sued the former president in 2022.
In a 92-page decision, Judge Arthur Engoron described how Trump directed his subordinates to manipulate the value of his assets to achieve desired outcomes over the past decade before his entry into politics.
This case is one of the legal troubles that Trump is currently facing. Another criminal case in New York, scheduled for April 15th, involves allegations that Trump made hush money payments to an adult film actress before the 2016 presidential election.
Trump is also facing charges related to attempting to overturn the 2020 presidential election results and mishandling classified documents after leaving office.