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New York Attorney General says she'll seize the Trump Building if Donald Trump can't pay his $355 million fine

New York Attorney General says she'll seize the Trump Building if Donald Trump can't pay his $355 million fine
  • New York AG Letitia James says she'll seize Donald Trump's assets if he can't pay his fine.

  • "I look at 40 Wall Street each and every day," James told ABC News, referencing The Trump Building.

  • The former president has slammed the court's ruling and is expected to appeal.

Former President Donald Trump could lose his prized buildings if he isn't able to pay his civil fraud penalty, says New York Attorney General Letitia James.

"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 in a story published Tuesday.

The former president was hit with a $355 million penalty in a New York civil fraud case last week. Trump has slammed the court's ruling and is expected to appeal.

James told ABC News that she is "very confident" with the case. She suggested that they were looking to seize Trump's Manhattan skyscraper, the Trump Building, if the GOP presidential frontrunner doesn't pay up.

"We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day," James said, referencing the property's address.

James' case isn't the only financial problem Trump has to worry about. Trump owes E. Jean Carroll, a writer he was found guilty of sexually assaulting in 1996, $83.3 million in defamation damages.

Trump's burgeoning pile of legal debts has raised concerns that his financial woes could make him susceptible to foreign manipulation.

"He is consumed by these troubles, his family is consumed by them, and I think foreigners will try to take advantage of it one way or another," Trump's former national security advisor John Bolton told MSNBC on Sunday. "They may be doing it already."

Representatives for Trump did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

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