Trump fraud ruling that cancels his business licenses is a ‘devastating’ blow for ex-president
September 27, 2023
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0:42Now PlayingTrump fraud ruling that cancels his business licenses is a ‘devastating’ blow for ex-president
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as posted by the channelA ruling by a New York judge that Donald Trump had committed fraud — leaving the fate of his business empire dangling in uncertainty — was a “devastating” blow for the former president, legal experts said Tuesday night.
If not successfully appealed, the decision will revoke the Trump Organization’s “business certificates,” preventing the 77-year-old from conducting business in the Empire State until the revocation is rescinded.
A Manhattan judge ruled that the businessman greatly exaggerated the value of his wealth to secure favorable terms with banks, which ultimately led him to worldwide fame — and into the White House.
“The decision today is a final decision that fraud is proven. The judge made this decision on the basis of Trump’s own documents. The evidence is Trump’s own documentation,” Andrew P. Napolitano, a former New Jersey Superior Court judge, told The Post.
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