James told ABC News, “If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets.”
Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Manhattan Supreme Court Judge Arthur Engoron ruled the former president had inflated his net worth in order get more favorable loan terms.
Trump has said he will appeal the ruling. Still, he will have to pay the fine as a bond to New York State before he can appeal.
When asked about Trump’s defense that the banks were paid back for all loans and there were no victims in the case, James responded “financial frauds are not victimless crimes,” but did not name any victims and instead said the fraud was “massive.”
