8 properties owned by Donald Trump that Letitia James could seize in $464M civil fraud verdict
8 Trump properties Letitia James could seize in $464M civil fraud verdict
New York Attorney General Letitia James has initiated steps to seize former president Donald Trump's properties in the $464 million civil fraud judgment. Despite the March 25 deadline for Trump to pay up the entire amount or post a full bond, the ex-president has failed to come up with the massive bond amount. "The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude," Trump's attorney informed the court this week. In February, the former President was hit with the eye-popping penalty for fraudulently inflating the price of his properties in New York to secure favorable insurance and tax purposes. Here are eight properties of the ex-real estate mogul that James could seize if he fails to pay up the bond.
1. Trump Tower, New York
The 58-floor iconic Trump Tower is located on Fifth Avenue in Manhattan, New York City. Besides being the headquarters of the Trump Organization, the building has been home to the former President and many of his family members. Trump has a penthouse condominium in the building, spanning the top three floors. The penthouse was valued at a massive $327 million in 2015, as per BBC which the civil lawsuit claimed was "absurd."
2. Trump Park Avenue, New York
According to the Trump Organization's website, Trump Park Avenue, located near Central Park, contains "world-renowned restaurants, shopping and some of Manhattan's most prestigious schools," and it "houses over 120 luxury condominiums in one of the Upper East Side's most coveted locations." The 32-story luxury residential building was valued at $84.5 million in 2020, as per The Mirror.
3. 40 Wall Street, New York
Trump purchased the 927-foot-tall skyscraper in 1995. The neo-Gothic tower is located in the heart of the Empire State's financial district. It was valued in 2012 at $572 million, which the lawsuit alleged "far exceeded the values determined by professionals," as per BBC.
4. Seven Springs, Westchester County
The 212-acre estate is located across Bedford, Armonk, and Chappaqua in Westchester County in New York. Built in 1919, the Trump organization purchased the Georgian-style mansion in 1996. Besides Trump, his son Eric Trump also faces allegations of pushing for the development of the property without approval and hiding the estate's original value. As per the NY AG's findings, the Trump organization valued the property at $56.5 million in 2016.
5. Trump International Hotel and Tower, Las Vegas
Trump has a 50 per cent interest in the 64-story Trump International Hotel and Tower in Las Vegas in a joint venture with Phillip Ruffin, as per the NY AG's office. The hotel's website describes it as "a sophisticated, non-smoking and non-gaming, luxury hotel in Vegas on the strip," close to the Las Vegas Convention Center. The attorney general's findings say Trump had omitted his 50 per cent share till 2013 to evade tax, and in 2025, the Trump Organization valued it at $107,732,646
6. Mar-a-Lago, Palm Beach, Florida
AG James could seize Trump's properties that fall out of New York, including his luxury Mar-a-Lago estate in Palm Beach, Florida. The ex-president bought the 17-acre resort, his current home, in 1985. As per BBC, the Palm Beach County Assessor's office valued the property between $18M and $27.6M.
7. Trump National Golf Club Westchester, Briarcliff Manor
The 140-acre Trump National Golf Club Westchester in Briarcliff Manor contains an 18-hole course spread across a 75,000-square-foot clubhouse. Established in 1922, Trump acquired the property in 1996 for $7.5 million. Its members included A-list celebrities, like Yankees manager Joe Torre and Hollywood icons Jack Nicholson and Clint Eastwood. The facilities include an advanced fitness center, tennis courts, and a heated swimming pool with a Jacuzzi/spa area. The NY AG's office claims Trump had directed its employees to lower or avoid initiation fees to increase memberships.
8. Trump International Golf Links Scotland (Turnberry)
Brought in 2014 at around $60 million, the Trump International Golf Links in Turnberry, Scotland, is among the most expensive resorts owned by the ex-president. According to James's findings, since its opening in 2017, the golf course has been at a loss each year. Therefore, the property valuation from 2017 to 2023, ranging between $123 million to $126.8 million, was false and misleading.
