Trump's N.Y. business empire is 'greatly at risk' from judge's fraud ruling
Legal and business experts say the ruling in New York state threatens assets such as Trump Tower and also empowers state Attorney General Letitia James, one of Donald Trump's main legal critics.
by Brian Mann
Sep 29, 2023
3 minutes
New York City — Donald J. Trump's sprawling web of businesses in New York faces grave danger and could unravel swiftly after this week's fraud ruling by a state Supreme Court judge, legal and business experts say.
The summary judgment issued Tuesday concluded that the former president and his associates, including sons Donald Trump Jr. and Eric Trump, systematically overvalued corporate assets over a period of years.
In one instance, they falsely inflated the total square footage of a commercial building by 300 percent, the ruling concluded. They also valued rent-controlled apartments equally with buildings
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