Letitia James Says She Wont Hesitate To Seize Trumps Assets If He Doesnt Pay Court Fine

New York Attorney General Letitia James on Tuesday said she will request to seize the assets of former President Donald Trump if he doesnt pay the over $350 million fine a New York State Supreme Court justice imposed on him for engaging in decades of fraudulent business practices.

James told ABC News her team is prepared to make sure that the judgment is paid to New Yorkers, adding that Trumps 40 Wall Street skyscraper could also be on the hook.

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 said.

This is the latest in a series of fines has been ordered to pay as part of his string of legal challenges. Fridays ruling, coupled with the damages hes been ordered to pay writer E. Jean Carroll for sexually abusing and defaming her, amount to over half a billion dollars, according to The Associated Press .

Judge Arthur Engoron on Friday ruled that Trump overstated his wealth to get cheaper loans from banks and insurers. As part of Engorons decision, the former president will also be prohibited from serving as an officer or director of any corporation or legal entity in New York for three years. Still, Trump was spared from having to dissolve his business empire altogether.

Trump decried the ruling as politically motivated, attacking James and Engoron.

This decision is a Complete and Total SHAM, he said Friday. There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements that didnt even include the most valuable Asset The TRUMP Brand, IRONCLAD Disclaimers (Buyer Beware, and Do your Own Due Diligence), and amazing Properties all over the World.

James pushed back on Trumps suggestion that his crimes were victimless, calling the extent of the fraud the former president engaged in staggering. The New York prosecutor also played down concerns that her state would lose business as a result of this court decision.

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, James told ABC News.

Trump has vowed to appeal the ruling.