Donald Trump could start seeing his bank accounts frozen and his properties seized as the time to put down a guarantee payment related to his New York civil fraud penalty expires.
The former president was fined $355 million, rising to $454 million with interest, by New York Judge Arthur Engoron after ruling Trump filed fraudulent financial statements for years which inflated the value of his assets.
After the ruling was finalized, Trump was given a 30-day deadline to either pay the fine, or come up with a cash bond as he appeals the decision, which expires on Monday, March 25. By posting the bond, Trump would be ensuring that New York state would still get the money stemming from the fraud civil case even if he loses his appeal.
If the cash bond is not paid today, New York Attorney General Letitia James could begin the process of seizing his properties and assets in order to cover the payment.
Read more at Newsweek.com
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