They can’t get away with this!
Stephanie Grisham, the former White House press secretary, recently shared insights on properties that former President Trump might find particularly distressing if they were to be seized due to his inability to pay damages in his civil fraud case. During an interview with CNN’s Erin Burnett, Grisham speculated that Trump would likely detest the idea of losing ownership of 40 Wall Street, considering it a significant blow. However, she noted that properties like Mar-a-Lago, Bedminster, and Trump Tower hold significant sentimental value for him, referring to them as his “babies.”
Grisham emphasized that properties featuring golf courses, such as the Sterling golf course in Virginia, would also deeply affect Trump. Given her experience working within the Trump administration, Grisham expressed curiosity about which assets New York Attorney General Letitia James might target in her pursuit of justice.
In recent court filings, Trump’s legal team conceded that they were unable to secure the $454 million bond required for his New York fraud case. This case stems from allegations that Trump misrepresented his net worth to obtain tax and insurance benefits, resulting in a judgment of nearly $355 million plus accumulating interest.
The court’s ruling also imposes a three-year ban on Trump’s involvement in New York real estate, with Judge Arthur Engoron concluding that Trump and his associates committed fraud. James, who initiated the lawsuit against Trump and his business partners, warned of asset seizure if Trump fails to comply with the judgment.
Speculation has arisen regarding Trump’s potential efforts to seek financial assistance from foreign sources to settle his debts, a move that critics like Michael Cohen and Rep. Sean Casten have criticized as posing a national security risk.
As the legal saga unfolds, the fate of Trump’s properties remains uncertain, with implications not only for his personal wealth but also for his standing in the real estate world and the broader geopolitical landscape.