* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Did Judge Kill The Trump Organization? What Fraud Ruling Means For Ex-President’s Business

September 30, 2023
in Business
Did Judge Kill The Trump Organization? What Fraud Ruling Means For Ex-President’s Business
Share on FacebookShare on Twitter

Topline

A New York judge ordered the dissolution of businesses owned by former President Donald Trump and his associates in a ruling Tuesday that found the ex-president and his company committed fraud—a decision that could have a devastating impact on Trump’s company and its operations in New York, though the full scope of the order still remains to be seen.

Trump Tower on 5th Avenue in Manhattan.

dpa/picture alliance via Getty Images

Key Facts

Judge Arthur Engoron, in a ruling that found Trump and his company fraudulently misstated the value of their assets, canceled any certificates for businesses named in the lawsuit, as well as any other entity owned or controlled by Trump, Eric Trump, Donald Trump Jr., former CFO Allen Weisselberg (convicted on fraud charges in 2022) or Trump Organization executive Jeffrey McConney.

The limited liability companies named in the lawsuit include companies for the Trump Organization more broadly and specific properties like 40 Wall Street in New York City and the Trumps’ Seven Springs estate in Westchester County, New York.

Engoron ordered a receiver to be appointed that would oversee the companies and sell off assets in the case, though legal experts told Insider Trump would continue to own his buildings.

Former financial crimes prosecutor Diana Florence told Insider the situation is akin to a company going bankrupt, and likened losing a business license to losing a driver’s license—meaning the person could still own the car, but they wouldn’t be able to do anything with it without the license to drive it.

The receiver will sell off assets and continue to take steps like paying the company’s bills until those assets are sold off, Florence said, and Trump would then receive any money that’s left over after paying the company’s debts as the Trump Organization’s beneficiary.

Engoron’s order doesn’t totally dissolve the Trump Organization overall, the New York Times noted, because the company is really a collection of smaller LLCs, and would primarily affect its operations in New York, where the case was brought.

What We Don’t Know

A lot about how the dissolution process will play out remains unclear, with Insider noting a company dissolution on this scale has only ever really been attempted before when New York Attorney General Letitia James—who brought the Trump Organization suit—unsuccessfully tried to shut down the National Rifle Association. There are still a lot of unknowns as part of the order, such as how it will impact Trump properties outside of New York and those that weren’t directly named as defendants in the lawsuit, such as Trump Tower. Ultimately, the issue is likely to take years to play out in court, and Trump and his family have already vowed to appeal Engoron’s ruling.

Crucial Quote

“This is such an across-the-board loss . . . that I’m sure there will be appeals, but it’s hard to see how this doesn’t spell the end of Donald Trump the businessman in New York,” former assistant U.S. attorney Glenn Kirschner said on MSNBC Tuesday.

Chief Critic

Christopher Kise, who represented Trump in the case, said in a statement Tuesday the ruling was “outrageous” and “completely disconnected from the facts and governing law.” “The decision seeks to nationalize one of the most successful corporate empires in the United States and seize control of private property,” Kise said.

What To Watch For

The trial in the Trump Organization case is scheduled to start on Monday. While Engoron has already ruled that Trump and his company committed fraud, there are still other allegations in the lawsuit—like insurance fraud and falsifying business records—that still have to play out at trial, as well as determining other damages in the case. Trump and his associates could still face more penalties in the case, with James asking the court to impose a $250 million fine and bar Trump and his children from leading any New York-based companies for the next five years, among other punishments. But the trial could still be delayed: An appeals court still has to rule on a lawsuit that Trump brought against Engoron as part of the case. If the appeals court rules against Trump before Monday, the trial is expected to begin as scheduled.

Key Background

James sued Trump, his business associates and company in November 2022, alleging the ex-president and his company had made more than 200 false statements that misstated the value of his assets to get more favorable business deals and inflate his own net worth. The New York AG alleged Trump’s fraudulent valuations exaggerated his net worth by as much as $3.6 billion, with such false statements as claiming Mar-A-Lago was a private residence, rather than a social club that was valued lower, and overstating the size of his penthouse in Trump Tower. In his ruling Tuesday, Engoron sided with James and ruled Trump and his associates’ depiction of the valuations—claiming that they were correct and the amounts were just subjective—was “a fantasy world, not the real world.” The judge found a number of Trump’s properties had overstated valuations, such as inflating the value of rental units by as much as 700% and the value of Mar-A-Lago by at least 2,300%, and called Trump’s argument that the square footage of his penthouse apartment—which he overstated by 200%—was a “subjective” calculation “absurd.” “A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote.

Further Reading

Trump Committed Fraud By Inflating His Assets, Judge Rules (Forbes)

Trump’s ‘corporate death penalty’ explained: Veteran Manhattan fraud prosecutors describe what’s next (Insider)

Checks & Imbalances: A Forbes Look At The Trump Fraud Lawsuit (Forbes)

Exclusive Recording, Documents Bolster Trump Fraud Lawsuit (Forbes)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/alisondurkee/2023/09/27/did-judge-kill-the-trump-organization-what-fraud-ruling-means-for-ex-presidents-business/

Tags: businessJudgeTrump
Previous Post

California Fast Food Workers Secure $20 Minimum Wage—Highest In The U.S.

Next Post

Aerosmith Postpone Farewell Tour

Latino leaders explore the role community organizing can play in national politics – OSV News

Latino Leaders Unite to Harness Community Organizing for National Political Impact

October 7, 2025
Ecology blazing the trail for more clean energy projects – Washington State Department of Ecology (.gov)

How Ecology is Powering the Shift to a Greener Energy Future

October 7, 2025
Penn State Brandywine Earth sciences professor earns two national awards – Penn State University

Penn State Brandywine Earth sciences professor earns two national awards – Penn State University

October 7, 2025
UNESCO and CODATA launch resources on open science for crisis response – unesco.org

UNESCO and CODATA Launch Innovative Open Science Tools to Enhance Crisis Response

October 7, 2025
New Engen Report Identifies Key Trends and Winning Strategies for Active Lifestyle Brands in 2025 and Beyond – Fitt Insider

New Engen Report Identifies Key Trends and Winning Strategies for Active Lifestyle Brands in 2025 and Beyond – Fitt Insider

October 7, 2025
ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

October 7, 2025
Seahawks’ defensive depth being challenged as injuries stack up – FOX Sports

Seahawks’ defensive depth being challenged as injuries stack up – FOX Sports

October 7, 2025
World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

October 6, 2025
Green economy means jobs for NJ, report says – NJ Spotlight News

Green economy means jobs for NJ, report says – NJ Spotlight News

October 6, 2025
Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

October 6, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (855)
  • Economy (875)
  • Entertainment (21,749)
  • General (17,453)
  • Health (9,917)
  • Lifestyle (888)
  • News (22,149)
  • People (877)
  • Politics (887)
  • Science (16,086)
  • Sports (21,376)
  • Technology (15,856)
  • World (858)

Recent News

Latino leaders explore the role community organizing can play in national politics – OSV News

Latino Leaders Unite to Harness Community Organizing for National Political Impact

October 7, 2025
Ecology blazing the trail for more clean energy projects – Washington State Department of Ecology (.gov)

How Ecology is Powering the Shift to a Greener Energy Future

October 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version