Donald Trump's lawyer Alina Habba slams Letitia James for threatening to 'seize his assets'

MANHATTAN, NEW YORK: Alina Habba, the legal representative of former President Donald Trump, has recently issued a statement in response to a court order mandating her client to pay a sum of $355 million.

Despite the order, Habba remains steadfast and resolute in her position, claiming that New York Attorney General Letitia James will not succeed in her effort to enforce compliance upon her client, according to DailyMail.

The AG's office had previously threatened to seize several high-value Trump real estate properties, including marquee assets, in order to ensure acquiescence with the court order.

What did Habba say following AG James’ comments regarding seizing Trump's assets?

Alina Habba spoke hours after James threatened to seize assets, even though Trump is within a window to pay the financial penalty or post bond.

“Her goal of tearing down the Trump Organization, her goal of tearing down the individuals that worked so hard, including on his campaign, his family, and the list goes on and on, her goal is frankly not going to succeed,” Habba asserted. “That's all I'm willing to say.”

Trump’s lawyers have stated that the former President will file an appeal against the verdict.

“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,” AG James explained to ABC News.

It seems that Trump will have to cough up a much larger sum of around $450 million, including penalties and interest.

This amount could be a massive financial blow, even for someone with a net worth of over $2 billion.

To make matters worse, the interest itself is approaching $90,000 per day, which is an astonishingly high figure.

During her interview, AG James mentioned the skyscraper located at 40 Wall St multiple times. It is estimated that Trump has an interest of approximately $80 million in the building.

“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,” she stated.

Habba responded to that remark by saying that James "has a chip on her shoulder."

Attorney General James has declared her readiness to confiscate Trump's assets if he fails to produce the funds required to pay the hefty fine.

This statement was made despite Trump having a 25-day window to raise approximately $35 million bond to maintain the status quo in the case.

According to Forbes, Trump's New York real estate portfolio is valued at $690 million, implying that he potentially possesses the assets to cover the remarkable order, though not necessarily the liquidity.

CNBC reported that Trump may need to generate $540 million for an "appeal bond," which includes 120% of the award, plus current interest.

Neil Pedersen, who owns the bond agency Pedersen & Sons in New York, stated that taking real estate as collateral is "not very attractive."

Internet slams AG James for being overeager to take everything away from Donald Trump

People on YouTube commented their thoughts on the case even after the verdict's been given last week, considering how massive the fine was for the former President amid a presidential campaign.

One user remarked: "Outcome was predetermined. Our justice system is hopelessly corrupt."

Another user claimed: "Trump will post a bond. But it will be refunded after they go through the appeals court and they make their decision. LMAO."

Another user said: "This is more than extortion something needs to be done fast."

One user asked: "Everyone over embelishes about the value of their property. Its up to the lender to investigate fraudulent loans. He paid back the money he owed, so where is the crime to justify the amount of the fine?"

Finally, this user commented: "The conviction was insane, the punishment was evil."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.