Northeast
NY AG taunts Trump about interest he owes on civil fraud judgment
New York Attorney General Letitia James appeared to taunt former President Trump about the interest he may own in a civil fraud judgment.
Trump’s legal team on Monday appealed a Feb. 16 ruling from New York Judge Arthur Engoron’s finding him liable for more than $350 million in damages in the civil fraud case brought against him by James. Engoron ordered Trump to pay just over $354 million, with post-judgment interest accruing at nearly $112,000 per day.
“In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself. Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest,” James wrote on X, celebrating on the same day of the judgment.
On Feb. 23, James, who has denied having a “personal vendetta” against Trump despite remarks suggesting otherwise, posted flatly, “$464,576,230.62.”
“+$114,553.04,” she added in another post the next day, referring to the potential added interest Trump may be on the hook for.
TRUMP APPEALS RULING IN MASSIVE NY CIVIL FRAUD CASE
Again, on Feb. 25, James posted, “+$114,553.04 = $464,805,336.70.”
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.
Former President Trump, center, surrounded by South Carolina Gov. Henry McMaster and Lt. Gov. Pamela Evette, on Feb. 24, 2024 in Columbia, South Carolina, before Trump defeated opponent Nikki Haley in the state’s Republican primary. (Win McNamee/Getty Images)
Trump’s lawyers wrote in court papers that they are asking the appeals court to decide whether Engoron “committed errors of law and/or fact” and whether he abused his discretion or “acted in excess” of his jurisdiction. A notice of appeal starts the appeals process in New York. Trump’s lawyers will have an opportunity to expand on their grievances in subsequent court filings.
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Trump was not required to pay his penalty or post a bond in order to appeal, and appealing will not automatically halt enforcement of the judgment.
The Republican presidential frontrunner has until March 25 to secure a stay, a legal mechanism pausing collection while he appeals. Trump would receive an automatic stay if he puts up money, assets or an appeal bond covering what he owes. Trump’s lawyers could also ask the appeals court to grant a stay without obtaining a bond or with a bond for a lower amount.
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.
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.
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New Hampshire
Possible 2028 Democratic White House contenders weigh in on Iran with New Hampshire voters
As the U.S.-Israeli war with Iran overtakes the foreign policy debate in Washington, two Democratic governors with potential 2028 presidential aspirations — Gavin Newsom and Andy Beshear — recently traveled to New Hampshire, introducing themselves to the state’s famously engaged voters. The two weighed in on the war and both criticized and questioned President Trump’s strategy and endgame.
“If a president is going to take a country into war, and risk the lives of American troops and Americans in the region, he has to have a real justification and not one that seems to change every five to 10 hours,” Beshear told CBS News after a Democratic fundraiser in Keene.
“This President seems to use force before ever trying diplomacy, and he has a duty to sell it to the American people and to address Congress with it,” Beshear continued. “He hasn’t done any of that. In fact, it appears there isn’t even a plan for what success looks like. He’s gone from regime change to strategic objectives and now is talking about unconditional surrender, which isn’t realistic where he is.”
Beshear also said he thought that Congress should have reined in Mr. Trump’s war powers.
“He is trying to ignore Congress. He’s trying to even ignore the American people,” Beshear said.
He went on to note that the president’s State of the Union address took place “three — four days before he launched this attack,” and Mr. Trump “didn’t even have the respect to tell the American people the threat that he thought Iran posed to us.”
Last week, both the House and the Senate failed to pass resolutions to limit Mr. Trump’s war powers and stop him from taking further military action against Iran without congressional support.
For Newsom, the war with Iran constitutes part of a broader criticism of Israeli Prime Minister Benjamin Netanyahu.
At an event last Tuesday in Los Angeles, Newsom had compared Israel to an “apartheid state.” Later, in New Hampshire, he sought to clarify his comment.
“I was specifically referring to a Tom Friedman [New York Times] column last week, where Tom used that word of apartheid as it relates to the direction Bibi is going, particularly on the annexation of the West Bank,” Newsom explained during a book tour event Thursday night in Portsmouth. “I’m very angry, with what he is doing and why he’s doing it, what he’s going to ultimately try to do to the Supreme Court there, what he’s trying to do to save his own political career.”
Friedman wrote that at the same time that the U.S. and Israel are prosecuting a war in Iran, within Israel, Netanyahu’s government has undertaken efforts to annex the West Bank, driving Palestinians from their homes; fire the attorney general who is leading the prosecution against Netanyahu for corruption; and block the government’s attempt to establish a commission to examine the failures that led up to the Oct. 7, 2023, massacre of Jews by Hamas.
CBS News has reached out to the Israeli Embassy in Washington, D.C., for comment.
On Iran, Newsom said, “I’m very angry about this war, with all due respect, you know, not because I’m angry the supreme leader is dead. Quite the contrary. I’m not naive about the last 37 years of his reign. Forty-seven years since ’79 — the revolution,” Newsom said. “But I’m also mindful that you have a president who still is inarticulate and incapable of giving us the rationale of why? Why now? What’s the endgame?”
Many attendees at Newsom’s book event said that the situation in Iran is a top-of-mind issue for them, too. Some said they’re “horrified” by what is happening.
29-year-old Alicia Marr told CBS News she decided to attend Newsom’s event because of his social media response to the war with Iran.
“There was one spot left, and I decided to pick it up, and it was due to his response to the war, that it is just unacceptable, and I would agree with that,” Marr said.
While some voters like Marr are eager to hear about where potential candidates stand on foreign policy, many at Newsom’s event said they care most about how potential candidates plan to address domestic issues.
“I’m more focused on getting the middle class back on track and fighting the oligarchy, and I’m less invested in international issues,” said Anita Alden, who also attended Newsom’s event,
“I wouldn’t call myself America first, but we have so many problems at home that are my priority,” she told CBS News.
Former Vice President Kamala Harris, who may also be weighing another White House bid, told Fox 2 Detroit last week that she “unequivocally opposes” the Trump administration’s military action in Iran and urged Congress to take action.
“If we want to stop Donald Trump with this random decision that he has arrived at, then Congress must act, and Congress must act immediately. The American people do not want our sons and daughters to go into this unauthorized war of choice,” Harris said.
Mr. Trump has lashed out against Democrats who have pushed back on his Iran strategy, calling them “losers” last week and arguing that they would criticize any decision he made on Iran.
“If I did it, it’s no good. If I didn’t do it, they would have said the opposite, that you should have done this,” the president said.
New Jersey
The first of Paramus’ three big mall makeovers is nearly complete
Russo Development CEO talks finishing Paramus NJ projects
Edward Russo, CEO of Russo Development, speaks to NorthJersey.com about their newest projects and opportunities for developers in Paramus.
One of three massive redevelopment projects at Paramus’ biggest shopping malls will finish construction this summer. Another will have to wait until 2027.
The two projects will bring hundreds of apartments and thousands of feet of additional retail space to Bergen Town Center and Paramus Park Mall, two of Bergen County’s biggest retail destinations. Both projects are the work of Carlstadt-based Russo Development LLC, which is also building a new headquarters in the borough.
The biggest mall redevelopment in town — a multiyear plan that could bring as many as 1,400 homes to Westfield Garden State Plaza — is also underway under the direction of a different developer. That project is expected to hold an official groundbreaking in the coming weeks.
The construction is “an opportunity for affordable housing to get built, which is certainly a big priority for almost every municipality in New Jersey right now,” Russo Development CEO Ed Russo said in a recent interview. He credited borough officials for making sure “there was additional investment and vibrance that was being added” to Paramus’ commercial center.
Paramus Park housing almost done
First in line for completion is Vermella Paramus, two mixed-use buildings with 360 one-, two- and three- bedroom apartments under construction next to the Paramus Park Mall, west of the Garden State Parkway.
The project will also have 8,000 square feet of onsite retail space. It will be built adjacent to the mall and the new Valley Hospital, according to a description on the company’s website.
One of the buildings will be finished next month, while the second is scheduled to finish construction in June, Russo said last week.
Bergen Town Center project has new name, timeline
The developer, alongside KRE Group, also plans to build two five-story buildings with 426 units and 5,000 square feet of retail at Bergen Town Center, off of Route 4. The project will be called Bergen Chapters, Russo said.
The housing will include 147 one-bedroom apartments to be sold at market rate and another 12 reserved as affordable. The project will also have 1,572 parking spaces, including lots from other areas of the mall property and two parking garages.
A building on the east side of the Bergen Town Center property that currently contains a former Kirkland’s, Red Robin and Recreational Equipment Inc will be knocked down for the project. Recreational Equipment Inc. closed in late January, so the property has only become vacant in the last month, said Russo. He expects the work to finish in late 2027.
Story continues after gallery.
Living at the mall
Paramus’ three big projects fueled speculation that other shopping centers in North Jersey would follow the example, as mall owners looked for ways to survive the rise of online retail.
But there hasn’t been a tremendous amount of mall redevelopment in New Jersey, Russo said.
Paramus’ situation is unique, he noted, with “three good size malls” all within the same town. Spurred in part by state affordable housing mandates, the borough council adopted zoning in 2016 that allowed for mixed-use development along its highway corridor. That was the impetus for the three mall makeovers, Russo said.
Other factors also made the borough’s commercial corridor especially suited for this type of hybrid development, he added.
“Paramus has always been considered, for many decades, as a shopping mecca between the malls, Route 17, Route 4 and the proximity to New York City,” said Russo. “It’s really been a vibrant retail community for many years.”
In addition to fulfilling affordable housing obligations, the zoning helped the borough attract new investment around the malls, boosting their long-term success, he added.
“The retail market has been affected in a larger part of New Jersey over the last number of years,” said Russo. “I think Paramus was very forward-thinking in the zoning that they did years ago.”
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