N.Y. Attorney General James Raises Concerns About Trump’s Financial Reserves in Appellate Court

Democrat New York Attorney General Letitia James expressed concerns to a New York appeals court regarding former President Donald Trump’s ability to cover the $464.5 million judgement in his civil fraud trial.

In a court filing made on Monday night with the Supreme Court of the State of New York Appellate Division, CNBC reported that James argued Trump, along with his co-defendants including his sons Eric Trump and Donald Trump Jr., should be required to post cash or bonds covering the entire fraud judgement if they wish to delay the payment while they challenge the ruling.

“Defendants have failed to show that Mr. Trump’s liquid assets, which may vary over time, will be sufficient to satisfy the full amount of this judgement after the appeal,” James stated in the court filing.

James also mentioned that Trump’s real estate holdings could decrease in value during the appeals process as post-judgment interest increases.

Trump had requested the appeals court to pause the judgement issued by Judge Arthur Engoron after it was found that they fraudulently misrepresented the value of assets on financial documents for personal gain.

Both Trump and his sons have denied any wrongdoing.

Trump is facing a $464.5 million liability, including $100.7 million in interest, while his sons were fined $4 million each.

James pointed out that Trump has other outstanding money judgements against him and is facing multiple criminal indictments, diminishing his liquid assets further. She highlighted an $83.3 million judgement against Trump in a defamation lawsuit filed by writer E. Jean Carroll, which Trump is appealing and has denied any wrongdoing in that case.

James urged the appeals court to turn down Trump’s request to delay the judgement with a $100 million bond. While New York appeals court Judge Anil Singh rejected the $100 million bond proposal, the defendants were permitted to continue conducting business in New York and were allowed to seek loans, pending a full panel of appeals court judges reviewing the case next week.

Newsmax has reached out to Trump’s legal team for comment.