AOC mocked for warning about 'risk' of not seizing Trump's assets: 'Just plain ignorant'

 Rep. Alexandria Ocasio-Cortez, D-N.Y. Said there is a "risk in not seizing" former President Trump's assets, warning that Trump might do what he can to secure money to post bond in his New York civil fraud case. Responding on "Fox & Friends" on Monday, Fox News legal analyst Greg Jarrett called the comments "just plain ignorant." Later on Monday, a New York appeals court more than halved the bond owed in the case of New York Attorney General Letitia James.

Imminent legal penalties raise questions about Donald Trump's finances

Greg Jarrett: I don't know what she was saying. ...I really don't think she does. You know, trying to make sense of everything AOC says is like a favorite Washington parlor game. He has the amazing ability to talk continuously without saying anything. And that's because he's hopelessly ignorant, utterly stupid, and I think downright ignorant. This is the same person who said a week ago that RICO or racketeering is not a crime. No sane person takes AOC seriously, which I believe is why she always appears on CNN.

Trump faces a deadline on Monday to pay the $454 million fine in the civil fraud judgment against him or New York state will have the opportunity to seize his assets while he appeals the verdict — though it's unclear. So what would happen if he failed to do so.

On Monday, a state appellate court ruled that Trump must post his $175 million bond within 10 days.

In February, a New York judge ruled that Trump fraudulently overstated his net worth and the value of his real estate properties in order to secure more favorable terms for loans and other transactions. The judge imposed a fine of $354 million plus interest, bringing the total fine to $454 million, which Trump must pay outright or post a bond covering the entire amount while he appeals the decision.

Trump has denied that he tried to defraud anyone through related financial transactions. His legal team has appealed the decision in an attempt to allow him to continue his appeal after posting a small amount or postpone posting the decision until the end of the appeal. The appeals court has not issued a ruling on the request.

Trump's team has contacted more than 30 surety companies that could guarantee the bond, but so far they have turned them down, his lawyers have said in court filings. He said that to obtain the bond, Trump would have to deposit 120% of the judgment, or more than $557 million in this case, and he would still need about $1 billion in cash or cash equivalents to collateralize the loan. Adequate capital to operate the business.