Letitia James has a 'game plan' to cut Trump 'out of the deal' by selling assets: reporter
If Donald Trump can't come up with the $464 million sum in the civil fraud case before the March 25 deadline while appealing — the New York Attorney General may end up going around him and dealing with his property partners directly.
Investigative reporter Jonathan Greenberg, who has covered Trump and his finances for years, thinks it's unlikely the former president will be able to "raise this money."
If that happens, he said that Letitia James would be able to make a run on his real estate crown jewels by working with the companies without Trump getting in the way.
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"This is the game plan for Letitia James when she seizes the properties to really seize the properties that are the most valuable and the least complicated in terms of moving to a quick sale, which would be probably about 60 days," he said during an appearance on CNN's "Out Front." "She could sell these, especially if she cuts him out of the deal as I propose and deals directly [with] his partners in the three commercial real estate properties."
Trump is trying to appeal the decision.
Some of Trump's buildings that makeup his New York City portfolio are co-owned by the likes of General Electric and Ohio’s Galbreath Company, Vornado, Digby Management among others.
Greenberg suggests that if James moves on Trump's properties she could do so by wresting hold of them and selling them at discount prices.
He listed seven of Trump's New York real estate holdings that would be targeted by James and that she could "cut him out of the deal and just focus on getting the money for New York state and put him on the defensive for the first time instead of the offensive."