Former President Donald Trump is facing legal challenges as New York's Attorney General Letitia James threatens to seize his assets if he fails to pay a $355 million fine. Trump plans to appeal the decision, expressing confidence in his chances. However, until the appeal is filed, he is still required to pay the hefty sum, which increases to $450 million with interest.
Trump hinted at using the lack of a victim as a key argument in his appeal, claiming innocence and criticizing the ruling as premature. He also suggested challenging the size of the fine, potentially citing the Eighth Amendment to argue against excessive penalties.
Attorney General Letitia James remains firm in her stance, warning of asset seizure if Trump does not comply with the fine. She specifically mentioned Trump's New York property, 40 Wall Street, as a potential target for asset seizure.
Trump has a 30-day window to either pay the fine, place the funds in escrow, or post a bond for the appeal. Despite the looming deadline, he appeared confident in his position during a recent statement.
