Here’s what happens if Trump fails to acquire a $464 million bond

Donald Trump’s legal team and the New York Attorney General’s office are working hard ahead of the former president’s Monday bail deadline for the multimillion-dollar civil fraud judgment against him.

Trump personally owes more than $454 million as a result of Judge Arthur Engoron’s February verdict. When the money owing by his sons, Eric and Donald Jr., the Trump Organization, and interest accrued as of the date of the verdict are included in, the figure rises to $463.9 million.

In principle, officials can begin the lengthy legal process of seizing his assets, assuming no further creative legal maneuvers by state prosecutors or countermoves by Trump’s legal team. Officials must decide which assets to seize, such as bank accounts or homes. Experts feel the first step should be to seize his bank account.

“The banks are the easiest part; they’ll receive the Attorney General’s judgment – the court order – and then enforce,” said attorney Peter Katz, a former federal prosecutor in the Eastern District of New York who has handled fraud cases. “They withdraw funds from the account and deposit them into the attorney general’s account.”The remaining challenges are slightly more tough.

Seizing bank accounts and cash

In principle, officials can begin the lengthy legal process of taking his assets, assuming no additional clever legal maneuvers by state prosecutors or counter-moves by Trump’s legal team. Officials must select which assets they want to seize, such as his bank accounts or homes. Experts believe that the first move should be to take his bank account.

“The banks are the easiest part; they’ll receive the Attorney General’s judgment – the court order – and then enforce,” said attorney Peter Katz, a former federal prosecutor in the Eastern District of New York who has worked on fraud cases. “They withdraw funds from the account and deposit them into the attorney general’s account. “The other tasks are slightly more difficult.”

“They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now practices judgment enforcement at Pollock Cohen LLP. “The management is required to pay over the cash immediately. It should be a cashier’s check.

Any perceived excess time spent by the attorney general’s office could be a necessary component of choosing the best strategy.

What is Trump’s worth? Look at his assets and income.

Can Trump get out of this?

Trump is still waiting to see if an appeals court will reduce the amount he must pay as part of the sentence or suspend the judgment entirely while his appeal is heard.

If he does not win his appeal, bankruptcy remains an option, though one that the former president does not want to pursue.

If Trump fails to get the funds, his options will be severely limited.

Does Trump have the cash?

Former president Donald Trump stated on Truth Social Friday that he presently has almost $500 million in cash that he intends to utilize for his campaign and that James “wants to take it away from him.”

“THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SIGNIFICANT AMOUNT OF WHICH I PLANNED TO USE IN MY PRESIDENTIAL CAMPAIGN. THE OFTEN OVERTURNED POLITICAL HACK JUDGE ON THE RIGGED AND CORRUPT A.G. CASE, WHERE I HAVE DONE NOTHING WRONG, KNEW THIS, AND WANTED TO TAKE IT AWAY FROM ME,”

Trump wrote in all capital letters

Trump also recently had to post a nearly $92 million bond to pay the judgment against him in the E. Jean Carroll defamation case while he appealed.

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