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Judge Rules Trump Committed Fraud, Stripping Control of Key Properties [1]
['Jonah E. Bromwich', 'Ben Protess', 'More About Jonah E. Bromwich', 'More About Ben Protess']
Date: 2023-09-26
Ms. James, in a brief statement, said, “We look forward to presenting the rest of our case at trial.”
A lawyer for Mr. Trump, Christopher M. Kise, indicated that he would likely appeal the decision, which he called “outrageous” and “completely disconnected from the facts and governing law.” He said that the judge ignored an earlier appeals court ruling and “basic legal, accounting and business principles.”
Mr. Trump, for his part, noted that Justice Engoron was a Democrat and called him “deranged.”
While the trial will determine the size of the penalty, Justice Engoron’s ruling granted one of the biggest punishments Ms. James sought: the cancellation of business certificates that allow some of Mr. Trump’s New York properties to operate, a move that could have major repercussions for the Trump family business.
The decision could terminate his control over a flagship commercial property at 40 Wall Street in Lower Manhattan and a family estate in Westchester County. Mr. Trump might also lose control over his other New York properties, including Trump Tower in Midtown Manhattan and his golf club in Westchester.
The order will not dissolve Mr. Trump’s company itself, which is a collection of hundreds of entities, but the decision could nonetheless have a sweeping impact on the company’s New York operations. If Justice Engoron’s decision is not reversed by an appeals court, it could shut down an entity that employs hundreds of people working for him in New York, effectively crushing the company.
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[1] Url:
https://www.nytimes.com/2023/09/26/nyregion/trump-james-fraud-trial.html
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