By News on the Net -- Kyle Becker—— Bio and Archives--April 8, 2024
Letitia James Poised to Begin Seizing Trump's Properties
Attorney General Letitia James is poised to begin seizing Donald Trump's properties as an insurance company will not be permitted to post a $175 million bond for Trump while he appeals a fraud judgment.
Knight Specialty Insurance is currently unable to post the bond on Trump's behalf, attorney Dave Kingman noted.
According to Kingman, as a consequence, New York Attorney General Letitia James will be empowered to initiate enforcement procedures against Donald Trump's properties.
A New York court rejected Knight Specialty's application and requested further information about its financial support. The business submitted new documentation on April 4.
Trump must post the $175 million bond to prevent James from initiating enforcement procedures, after a court fined the former president $454 million in February for "illegally" inflating the worth of his assets.
Donald Trump's exorbitant penalty for the common real estate practice raises serious concerns about "selective and vindictive prosecution."
JUST IN: Letitia James Poised to Begin Seizing Trump's Properties
— Kyle Becker (@kylenabecker)April 8, 2024
Attorney General Letitia James is poised to begin seizing Donald Trump's properties as an insurance company will not be permitted to post a $175 million bond for Trump while he appeals a fraud judgment.
Knight… pic.twitter.com/Nt2ZyvfCWe
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