New York Attorney General Letitia James said she is "prepared" to ask the judge to seize former President Trump's assets if he cannot pay the $354 million judgment handed down in his civil fraud case. (ABC News/Screenshot/Brendan McDermid-Pool/Getty Images)
James' case also targeted Trump's family and the Trump Organization.
Engoron ruled that Trump and co-defendants – his adult sons, Donald Trump Jr. and Eric Trump and two former Trump Organization executives – were liable for "persistent and repeated fraud," "falsifying business records," "issuing false financial statements," "conspiracy to falsify false financial statements," "insurance fraud," and "conspiracy to commit insurance fraud."
The former president’s lawyers filed notices of appeal Monday, asking the state’s mid-level appeals court to overturn Engoron’s Feb. 16 verdict in James’ lawsuit and reverse staggering penalties that threaten to wipe out Trump’s cash reserves.
New York Attorney General Letitia James addresses the verdict against former President Trump in a civil fraud trial on Feb. 16, 2024 in New York City. (Michael M. Santiago/Getty Images)
There was no indication on the court docket Monday that Trump had already posted an appeal bond or asked for a stay, according to The Associated Press.
"We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system," Trump lawyer Alina Habba said.
Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments.
James, a Democrat, told ABC News that if Trump is unable to pay, she will seek to seize some of his assets.
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Trump said Engoron’s decision, the costliest consequence of his recent legal battles, was "election interference" and "weaponization against a political opponent." Trump said he was being punished for "having built a perfect company, great cash, great buildings, great everything."
Fox News' Anders Hagstrom and The Associated Press contributed to this report.
Danielle Wallace is a reporter for Fox News Digital covering politics, crime, police and more. Story tips can be sent to danielle.wallace@fox.com and on Twitter: @danimwallace.
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