Rep. Alexandria Ocasio-Cortez (D-NY.) warned Sunday there is a “risk” to not seizing former President Trump’s assets as he faces a looming deadline to post a bond in the $454 mill…

Rep. Alexandria Ocasio-Cortez (D-NY.) warned Sunday there is a “risk” to not seizing former President Trump’s assets as he faces a looming deadline to post a bond in the $454 million judgment in his New York fraud case.

“I think that what we are dealing with politically is the much larger and much more grave and serious pressure of having this judgment against Donald Trump and him being in this degree of debt and the financial pressures that he is under and what he is subject to do in order to obtain those assets,” Ocasio-Cortez said on CNN’s “State of the Union.”

“I actually think that there is risk in not seizing these assets and the open window that exists in him trying to secure these funds through other means,” she said. “We’ve seen a lot of interesting transactions happening with Truth Social and other means. And there’s a very real risk of political corruption.”

The deadline for Trump to pay the staggering bond amount is Monday in the New York fraud case. If he fails to post a bond, he faces a risk of his assets being seized by New York Attorney General Letitia James — who he has continued to rail against in recent days.

  • blazera@lemmy.worldEnglish
    3·
    8 months ago

    She’s saying that not seizing his property

    again, why is this being talked about like an option? He’s been ruled to pay, he hasn’t paid by the deadline, by law assets must be seized to cover it.

    • PhAzE@lemmy.ca
      2·
      8 months ago

      Because the bond is not for his property, it is for 464m in cash. They are saying how he gets the money will dictate if he’s in someone’s pocket.

        • PhAzE@lemmy.ca
          1·
          8 months ago

          He can get a loan for the bond. Legally. He could get a loan “from a friend”, legally, but then he might be in debt with that potential bad actor. If he pays with a loan then they can’t go after his property because he paid in full. That’s just how it works.

            • PhAzE@lemmy.ca
              2·
              8 months ago

              Currently, he hasn’t done anything but he was trying to get a loan. This article is talking about how they should take his assets instead of letting him get a loan, because if he owes someone else half a billion dollars, he’ll be in their pocket to do as they ask.