Trump is effectively ‘out of business’ in New York, Michael Cohen says, after judge rules business fortune built on rampant fraud
on his Truth Social website that branded the judge a “political hack”, Trump said Engoron “must be stopped”.
The lawyers have said they will appeal the rescinding of the licenses, the appointment of receivers, and Engoron’s assertion that Trump and executives lived in a “fantasy world” of routinely, repeatedly and illegally overvaluing property values and his personal net worth to gain favorable loan terms and reduced insurance premiums.
William Black, a white-collar criminologist, corporate fraud investigator and distinguished scholar in residence for financial regulation at the University of Minnesota law school, said: “In finance, once the dominoes start falling, it becomes basically impossible to save it.
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