The hearing for the case brought by Bragg began around 10 am and the $454 million bond is due by the end of the day on Monday.
Trump appeared in New York for a hearing in the fraudulent business documents case involving Stormy Daniels brought by left-wing NYC District Attorney Alvin Bragg on Monday morning, the same day that a payment of $454 million is due for a bond in the real estate case brought by New York Attorney General Letitia James.
The hearing for the case brought by Bragg began around 10 am and the $454 million bond is due by the end of the day on Monday. If Trump does not pay the bond, Letitia James can start seizing Trump's assets, including Trump Tower in New York.
New York litigator Mitchell Epner told a reporter of the situation, "If there are bank accounts in New York, those can be frozen essentially immediately if she already knows where they are, and the turnover of the funds in a bank account would be measured in days or weeks."
This will be Trump's third appearance in the Manhattan DA's case about Stormy Daniels after it was delayed by Justice Juan Manuel Merchan. The case brought by Bragg alleges that Trump covered up $310,000 in payments to Stormy Daniels prior to the 2016 election. The alleged payments, prosecutors say, were made in an attempt to stop Daniels from speaking about sexual encounters with Trump.
The case brought by James, with the $454 million bond coming due, alleges that Trump inflated the value of his real estate in New York City, this despite the fact that every loan from various banks were paid off and there were no victims of fraud in the case. An analysis from the Associated Press found that the proposed fines and punishment in the case stood alone from every other fraud case in 70 years of case law.
Adam Leitman Bailey, a New York real estate lawyer who has also successfully sued a Trump property, told the outlet at the time before Judge Engoron's ruling that using the proposed fines in the case "sets a horrible precedent."
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