Lawyers for former President Donald Trump requested a one-month delay on his deadline to pay more than $350 million in damages in his New York civil fraud case.
Trump’s lawyers claimed Wednesday that the former president was not given ample notice of the high fine and accused New York Attorney General Letitia James of rushing to “memorialize” the judgment.
“Given that the court-appointed monitor continues to be in place, there is no prejudice to the Attorney General in briefly staying enforcement to allow for an orderly post-Judgement process, particularly given the magnitude of Judgement,” lawyer Clifford Robert wrote in a letter to New York Judge Arthur Engoron.
Without a delay, Trump and his legal team have 30 days to file the bond and appeal a ruling, and a monitor will oversee the process, including the transfer of assets.
Engoron ordered Trump and the Trump Organization to pay over $354 million in damages on Friday and banned the former president from “serving as an officer or director of any New York corporation or other legal entity in New York” for three years. It comes after the judge ruled that Trump inflated his net worth and that of his company to get more favorable loan agreements.
Trump’s sons, Donald Trump Jr. and Eric Trump, are also banned from doing business in New York for two years.
James said she will make sure that the full amount Trump and his colleagues owe is paid back to the state, even if she has to go after his crown jewel known as the Trump Building, a skyscraper that sits on Wall Street.
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“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 on Tuesday. “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.”
Trump has denied any wrongdoing and said he will appeal the ruling.