The process of seizing assets from former President Donald Trump promises to be neither swift nor straightforward. Trump’s extensive business network comprises over 300 limited liability companies, all of which are ultimately overseen by his trust, making it challenging to directly target specific properties or trump’s assets in any legal judgment against him.
Nikos Passas, a professor specializing in criminology and criminal justice at Northeastern University, underscored the intricacy of Trump’s business structure. He explained that Trump’s absence as the direct owner on paper complicates any attempt to execute a judgment against his properties. Passas emphasized that untangling this web of complexities will be neither simple nor expeditious.
Meanwhile, New York Attorney General Letitia James has indicated her intention to pursue various avenues to collect judgments, including obtaining bank levies, placing liens on properties, and exploring other legal avenues available to her.
Undermining Trump’s Assets
Passas noted that these legal challenges and potential Trump’s asset seizures pose a significant threat to Trump’s brand and business ventures, both domestically and internationally. He suggested that such actions could potentially mark the end of Trump’s business endeavors in New York and beyond, casting doubts on his ventures in other jurisdictions as well.
Separately, Trump’s legal team pushed back against suggestions put forward by the New York attorney general’s office regarding how Trump could pay bonds to cover potential judgments. Trump’s lawyers argued against proposals that would require him to post substantial amounts of cash or stock, which they claim he does not possess.
