Published 2 months ago

Trump could lose control of famed properties under New York fraud ruling

A New York judge ruled that Donald Trump and his businesses committed fraud by overvaluing properties and exaggerating his net worth to secure loans and business deals. As a result, Trump may lose control of several properties in his portfolio, including his Florida residence and club resort in Palm Beach.
The judge's ruling ordered that some of Trump's business licenses be rescinded and the companies that own his properties be handed over to independent receivers. This has been described as a "corporate death penalty" and has rarely been used before. Trump will still own the properties but will not be able to sell them or use them to secure loans.
If an appeal is unsuccessful, Trump might attempt to buy back the properties if they are sold. The court order also highlighted Trump's ownership of a luxury apartment property in New York City's financial district.

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Daily Express

Donald Trump may lose iconic skyscraper forever after bombshell fraud ruling

The ruling came out on Tuesday and was brought by New York's Attorney General, Leticia James. She sued the former president for overvaluing his real estate assets.

2 months ago·United Kingdom

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CBS News

"Damaging" fraud ruling could spell the end of Donald Trump's New York business empire

Judge's ruling could strip Donald Trump of his authority to make strategic and financial decisions over key properties in the state.

2 months ago

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The Hill

Trump could lose control of famed properties under New York fraud ruling

A major loss Tuesday in former President Trump’s New York civil fraud case raises the potential for him to lose control of some of his famed properties and ability to do business in the state. A New York judge ruled Tuesday that state Attorney General Letitia James (D) proved core elements of her far-reaching case, […]

2 months ago·Washington, United States

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The Straits Times

What does New York fraud ruling mean for Donald Trump's business empire?

The fate of Donald Trump’s business empire hangs in the balance. Read more at straitstimes.com.

2 months ago·Singapore

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Newsweek

Full list of Donald Trump properties that he could lose from fraud suit

In what has been described as a "corporate death penalty," a court could sell some of the former president's most prized addresses.

2 months ago·United States

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KWWL

Trump Org. tries to figure out the future of its business after fraud ruling

New York (CNN) — The Trump Organization is trying to determine the sweep of Tuesday’s ruling that Donald Trump is liable for fraud and what it means for the future of the former president’s namesake business, his attorneys say.

2 months ago·Waterloo, United States

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