The latest now on Donald Trump,
who has just three days left to post a nearly
half a billion dollar bond in the New York civil
fraud case.
Erin Katersky is outside Trump Tower,
an asset that could be seized by the state.
Good morning, Aaron.
Sure could. Good morning to you,
Rebecca. Trump has until Monday to cover that nearly half
billion dollar civil fraud judgment or risk New York Attorney
General Letitia James seizing his assets.
And this morning she has already taken a preliminary step.
James has notified Westchester County north of New York City
about that civil fraud judgment against Trump.
And that's a sign she may be eyeing his golf
course in Briarcliff Manor and a large estate known as
Seven Springs in Bedford,
NY, in addition to properties here in New York City.
And potentially elsewhere. Trump's attorneys have said he's facing insurmountable
difficulties in securing a bond.
30 underwriters have turned him down because he lacks the
cash and they refuse to accept his real estate as
collateral.
So Trump has asked an appeals court to either pause
the judgment or let him post a smaller bond.
And if that doesn't work and Trump still does not
post the bond on time,
it's not like state officials will be closing down any
of Trump's properties,
but they could move to file liens against them.
They could try to freeze his bank accounts and start
collecting rent from his tenants.
None of this is going to be quick,
George. And Trump is expected to fight every step of
the way.
George, OK, Aaron, thanks very much.