Letitia James threatens to seize President Trump's buildings if he can't pay $354 million fine

"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets."

Hannah Nightingale Washington DC

New York Attorney General Letitia James has revealed that she is prepared to seize assets of 2024 GOP presidential frontrunner Donald Trump, including buildings, if he is unable to pay the $354 million ordered by Judge Arthur Engoron in the civil case James brought against him.

"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James told ABC News' Aaron Katersky.

Trump was ordered to pay $354 million and was barred from conducting business in New York for three years in a Friday ruling by Engoron. Trump has vowed to appeal the ruling.

James said she was "very confident" in the strength of her case on appeal, and reiterated that her office would not hesitate to seize one of Trump’s buildings if he is unable to pay. James specifically named Trump’s 40 Wall Street skyscraper by name, which was renamed the Trump Building in the 1990s.

"We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I will get 40 Wall Street each and every day," James said.

The case has no victims, with Trump repeatedly noting that he repaid the loans back to the banks. He was accused of inflating his net worth to get more favorable loan terms. Banks also made their own assessments at the time of distributing the loans.

James said, "Financial frauds are not victimless crimes. He engaged in this massive amount of fraud. It wasn't just a simple mistake, a slight oversight, the variations are wildly exaggerated, and the extent of the fraud was staggering. If average New Yorkers went into a bank and submitted false documents, the government would throw the book at them, and the same should be true for former presidents."

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