Fox News correspondent CB Cotton reports on New York Attorney General Letitia James’ options to seize former President Donald Trump’s assets. #foxnews FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
First to Correspondent C.B. Cotton with the latest.
Hi, C.B.
Hi, Martha.
Yeah, the clock is winding down,
and while we wait to see what Trump's next steps are,
it appears New York Attorney General Letitia James
has laid some of the groundwork for asset seizure
should Trump not come up with a bond
for nearly half a billion dollars.
Earlier this month, James formally registered
the staggering judgment against Trump
in Westchester County, New York, as you mentioned,
which is home to the Trump National Golf Club Westchester
and the Trump Organization's Seven Springs estate.
Right now, the registration doesn't mean too much,
but it is a procedural step that would allow James
to secure a lien against properties there in the future.
But business law experts tell us James's first steps
will likely be through Trump's bank accounts,
stocks, and investment holdings,
because seizing real estate is always far more challenging.
You would not want to shut down operations
by kicking out employees and such.
The property will be most valuable
if it continues to operate.
I think it would be more like placing a lien
against the property so that if he ever tried
to sell the property, the state would get its money
before he got his money.
Trump's legal team told the court
more than 30 insurance companies have refused
to accept real estate as collateral
to underwrite a bond for the eye-popping total.
In response, the attorney general's office
provided a series of suggestions to secure the money
to include a fire sale, but the Trump team
has pushed back on all those ideas.
Trump has asked the appeals court to accept a smaller bond
while he appeals the $454 million judgment
or allow him to not post a bond at all.
Martha.
All right, thank you very much, CB.
Hey, everyone, I'm Emily Campagno.
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