Who’s gonna tell Melania she might have to find a new place to live if her husband loses Trump Tower?
Donald Trump, Don Jr., and Eric were found liable for fraud in New York state court yesterday in a devastating rebuke of the Trump Organization and its years of shady business practices.Justice Arthur F.
Engoron agreed with New York Attorney General Letitia James by ruling that the Trumps lied about the value of their properties to secure cheaper loans, inflating their worth to banks and insurers by as much as $3.6 billion–yes, $3.6 billion–a year.As a result, the ex-president could now be on the hook for up to $250 million.
The exact fine will be determined at trial, which is scheduled to begin next week and could run through the end of the year.
Engoron also immediately revoked Trump’s business certificates, essentially stripping him of control of his New York properties, including his prized Trump Tower, located at 725 5th Avenue in Midtown Manhattan.
