CNN Legal Analyst Paints Nightmare Scenario for Trump If He Doesn’t Post Bond: ‘Letitia James Seizes His Property, Puts Liens on All of His Assets, Bank Accounts…’

CNN legal analyst Ryan Goodman explained that if Donald Trump fails to make the $454 million bond that is required to appeal the massive fraud judgment against him, the former president will be in a world of pain.

Lawyers for the former president told a New York appeals court on Monday they have been unable to find an underwriter who is willing to take on the massive risk, calling it “not possible under the circumstances.” The attorneys said they contacted more than 30 bond underwriters.

During Monday’s OutFront on CNN, Erin Burnett aired a clip of New York Attorney General Letitia James, whose office prosecuted the civil case in which Trump was found liable for defrauding banks and insurers and last month was ordered to pay $454 million, including interest.

“We are prepared to make sure that the judgment is paid to New Yorkers,” James said before referencing one of Trump’s buildings in Manhattan. “And yes, I look at 40 Wall Street each and every day.”

Burnett noted that Trump-owned 40 Wall Street is estimated to be worth around $270 million.

Bloomberg News legal reporter Erik Larson told the host that the bond is due in a week and that James is allowed to seize Trump’s assets that are outside New York state.

“If he does not post this by Monday, he can still appeal, of course,” Larson said. “It’s just that this verdict will be enforced immediately on Monday.”

Burnett turned to Goodman and asked, “What happens then if he can’t– he loses in court, he can’t sell a building by next Monday, which he can’t, then what?”

He painted a dire picture for Trump:

GOODMAN: Then Letitia James seizes his property, puts liens on all of his assets, bank accounts. And as Eric said, that is not restricted to New York. So, she probably at this point understands where he has different assets in Florida, Mar-a-Lago, and elsewhere.

BURNETT: And what does that mean? He can’t go in them or people can’t go– what does that mean?

GOODMAN: It does mean that he would not be able to– it would be fought out in some part in the courts. But for that period of time, it really becomes unusable. And how does he get any additional business going when these are under foreclosure or are being seized by the courts?

Watch above via CNN.