In a groundbreaking move, the New York attorney general's office has filed judgments in Westchester County to initiate the seizure of former President Trump's golf resort and private estate known as Seven Springs. This significant action comes after Judge Arthur Engoron ruled that Trump, the Trump Organization, and top executives, including his sons Eric and Donald Jr., are liable for fraud.

The judgments, filed on March 6 with the Westchester County clerk's office, were a crucial first step in the attorney general's plan to recover the assets. The court had entered the multimillion-dollar judgment just over a week earlier, ordering Trump and his associates to pay a total of $464 million, plus interest.

Time is of the essence for Trump, as he has only four days to come up with a massive sum of $454 million, plus interest, to post a surety bond for his portion of the judgment. Failure to do so would give New York Attorney General Letitia James the green light to begin seizing his assets. However, if Trump manages to post the bond, the judgment would be temporarily paused while he appeals the ruling made by Judge Engoron.

Attorney General James has made it clear that her office is prepared to explore "judgment enforcement mechanisms in court" if Trump is unable to fulfill the financial obligations outlined in the judgment. Taking swift action, the attorney general's office has now entered a judgment in the counties where Trump owns properties, including New York City, where his famous 40 Wall Street and Trump Tower properties are located.

Despite Trump's lawyers admitting on Monday that securing a full appeals bond was not feasible due to a lack of available cash, they requested the court to accept a $100 million bond instead. They argued that the majority of the Trump Organization's assets are invested in real estate, making it practically impossible to obtain the full amount specified in the judgment.

However, the attorney general's office countered this argument, asserting that there is no rule limiting Trump to a single bond from a single surety for the full judgment amount. Furthermore, they highlighted that Judge Engoron had questioned the credibility of Trump's insurance broker, Gary Giulietti, due to his "ongoing personal and professional relationship with Donald Trump."

As the deadline for posting the bond approaches, the former president's financial situation remains uncertain. Notably, this deadline coincides with the scheduled start of his first criminal trial, which has now been delayed due to a last-minute document dump.

The filing by the New York attorney general's office marks a significant development in the legal battles surrounding Trump's financial affairs. With the judgments entered in multiple counties, the stage is set for a potential asset seizure if the former president fails to meet his financial obligations by the deadline.

(This article is generated by an AI assistant based on the information provided and does not reflect the views of any individual or entity