Internet weighs in as Donald Trump could lose his bank accounts and Trump Tower in $454M civil fraud case

NEW YORK CITY, NEW YORK: Donald Trump is on the brink of potentially losing his bank accounts and properties if he fails to pay the $454 million judgment in a civil fraud case.

The former president is required to pay the bond amount by securing the full amount in court before the judgment by New York Attorney General Letitia James begins on March 25.

Freezing Donald Trump's bank accounts could potentially move 'very quick'

If the 77-year-old politician fails to take any action, James could initiate the process of seizing his assets, including Trump Tower, and freezing his bank accounts.

Speaking to USA Today on Thursday, March 21, Jocelyn Nager, an attorney focused on debt collection and commercial litigation, said, "There's a lot that you can do here in New York. It's not just limited to real estate."

Nager further shared that the process of freezing the bank accounts could be "very quick."

"It's very fast. It's a question of how fast that document can be served on the bank," she added.

Donald Trump's ability to his NY-based assets could be impeded

Explaining what James' move against Trump could include, attorney Chris Mattei told NBC News on Wednesday, March 20, that "She could freeze accounts, encumber his real property in New York, and significantly impede Trump's ability to access his New York-based assets."

The move would involve James sending a subpoena to Trump's bank or may request a marshal for an immediate levy on the bank.

According to long-time New York lawyer Mitchell Epner, James' authority extends beyond state lines, enabling the power to freeze Trump's bank accounts even outside of New York if required.

"If there are bank accounts in New York, those can be frozen essentially immediately if she already knows where they are, and the turnover of the funds in a bank account would be measured in days or weeks," said Epner.

She has already signaled her intent to target the seizure of the former president's properties around New York which includes Trump's office tower at 40 Wall Street, situated near James' Manhattan office.

Internet slams Donald Trump as he fails to secure bond amount in civil fraud case

As Trump could potentially lose his bank accounts and assets in the civil fraud case, netizens slammed the former president for failing to secure the bond amount.

"I think they meant Donald Trump's bank account. Bro gotta pay off that fine bro," a user wrote on X (formerly Twitter).

"Donald #Trump can’t come up with a bond to cover his multi-hundred million dollar fines for business fraud. Doesn’t he know the rule that you’re supposed to keep enough money in your bank account to cover six months of court cases?" another user tweeted.

"Donald Trump’s bank account and stock portfolio are about to see a bloodbath," a netizen opined.

"YES. He could care less about Trump Tower, he knows he's done in NY. If she seizes MAL [Mar-a-Lago], she really hits him where he lives (literally)," a user wrote.

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.