New York Attorney General Letitia James is ready to seize former President Donald Trump’s iconic New York City buildings if he can’t come up with the cash to pay his $355 million civil fraud fine, a new report shows. "If he does not have funds to pay off the judgment, then we will seek judgment enfo…
I thought Trump doesn’t officially own the trump towers? I don’t think he owns anything officially in his own name
He’ll be a shareholder, and shares, like any asset, can be seized.
I don’t think this is how it works. I don’t think Trump owns ‘shares’ of GMAC or any of the properties that other people purchased.
No he definitely has a pretty substantial real estate portfolio. However, most properties bearing his name are just licensing it and are not owned by him. It’s a good point to make though. I was thinking myself that it will be funny if this makes it very apparent how much Trump has sold his own name out.
Not even looking at entire buildings, Trump owns something like 1400 apartments in NYC alone.