Former US President Donald Trump has once again asked his supporters for donations to help him pay astronomical legal fees, as the New York attorney general launched preliminary measures to seize his main assets in Westchester County on Thursday (March 21). Trump is expected to pay $454 million by the Monday deadline (March 25) in a civil judgment lawsuit against him for overstating his net worth and the value of his real estate properties. If Trump fails to submit it, Attorney General Letitia James may begin confiscating his assets.
“Insane radical Democrat AG Letitia James wants to SEIZE my properties in New York. This includes the iconic Trump Tower,” Trump reportedly wrote in a fundraising email sent to supporters. “But worst of all? They think that YOU will abandon me and that you will GIVE UP on our country. Here’s one thing they don’t know: WE WILL NEVER SURRENDER,” he further wrote.
Trump claims that efforts are being undertaken to stop his campaign and frighten him ahead of the presidential election in November. On Thursday, James’s office took preliminary moves in Westchester County, indicating that a Trump-owned golf resort and estate north of Manhattan may be seized. Similar efforts were made in New York City. Here are details about major properties: Nestled amidst the captivating scenery of Westchester County, sits the stately Trump Seven Springs estate, an expansive 230-acre retreat spanning three towns: Bedford, Armonk, and Chappaqua.
List of properties Trump could lose
Originally built in 1919 by Eugene Meyer, former publisher of the Washington Post and chairman of the Federal Reserve, this magnificent estate was purchased by the Trump Organization in 1996, ushering in a new phase in its illustrious history. Over in Briarcliff Manor, the prestigious Trump National Golf Club Westchester stands proudly as a prominent private golf resort, spanning 140 acres of lush environment. The 18-hole course is accompanied by a massive 75,000-square-foot clubhouse. Established in 1922 as Briarcliff Country Club, the facility underwent several alterations before becoming Briar Hills Country Club and Briar Hall Golf and Country Club.
On his Truth Social platform, Trump said that putting up the money is “VERY EXPENSIVE” and said it was “not possible for bonding companies to do so in such a high amount.” In this case, Trump has the only option of getting an appeals court to allow him to post a smaller amount now and defer the rest before Monday’s deadline. Seizing assets from Trump’s business would not be an easy operation. Trump has structured his business by forming over 300 limited liability corporations, through which his properties and assets are administered under his trust.
Meanwhile, Trump’s legal team contested many recommendations from the New York attorney general’s office regarding his bond payment arrangements. One such suggestion was that Trump seeks numerous underwriters to secure bonds covering the entire judgment. However, Trump’s lawyers contended that this would still require him to provide half a billion dollars in cash or stock, which he does not now possess. In their filing, Trump’s legal team claimed that the New York attorney general’s office lacked the power to challenge their claims.
