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Trump’s debts worth millions: If he doesn’t pay, his tower will be confiscated

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Trump’s debts worth millions: If he doesn’t pay, his tower will be confiscated

“We stand ready to make sure the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street every day,” New York Attorney General Letitia James said of Donald Trump and his skyscraper in Manhattan, the Trump Building. Roy Rochlin via Getty Images; Justin Sullivan via Getty Images

New York Attorney General Letitia James says she will seize Donald Trump’s assets if he can’t pay his fine.

“I look at 40 Wall Street every day,” James told ABC News, referring to the Trump building.

The former president has strongly criticized the court’s decision and is expected to appeal.

This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.

Former President Donald Trump could lose his valuable buildings if he is unable to pay his civil fraud penalty. New York Attorney General Letitia James is certain of this.

“If he is unable to pay the judgment, we will go to court to enforce the judgment and ask the judge to seize his assets,†James said in a report released Tuesday ABC News.

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Trump’s mountain of debt is growing

The former president was sentenced last week to a $355 million fine in a New York fraud case. That’s the equivalent of almost 327.8 million euros. Trump has the court’s decision sharply criticized and is expected to appeal.

James told ABC News she was “very confident” about the case. She indicated that they would confiscate Trump’s Manhattan skyscraper, the Trump Building, if the GOP presidential candidate doesn’t pay up.

“We are prepared to ensure that the judgment is paid out to the citizens of New York and yes, I look at 40 Wall Street every day,” James said, referring to the building’s address.

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James’ case isn’t the only financial problem Trump has to worry about. Trump owes the writer E. Jean Carroll almost 83.3 million US dollars (the equivalent of around 76.9 million euros). The sum represents defamation damages after Trump was found guilty of sexually abusing Carroll in 1996.

Trump’s mounting debts have raised fears that his financial woes could make him vulnerable to foreign manipulation.

“He’s consumed by these problems, his family is consumed by them, and I think foreigners will try to take advantage of them in one way or another,” Trump’s former national security adviser John Bolton said Sunday MSNBC. “Maybe they already do.“

Representatives for Trump did not immediately respond to a request for comment from Business Insider outside regular business hours.

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