Trump faces $250M penalty, ban from doing business in NY when judge issues verdict this month
Trump faces $250M penalty, ban from doing business in NY when judge issues verdict this month
Donald Trump is facing a $250 million penalty and a ban on doing business in New York when a judge renders his verdict later in January.
The new year could be off to a rough start for Donald Trump.
The former president is facing $250 million in penalties and a ban on doing business in New York when the judge overseeing his civil fraud trial delivers a verdict in the case later in January.
The Manhattan Supreme Court trial — which has been on hiatus since Dec. 13 — is set to resume with closing arguments on Jan. 11, and Justice Arthur Engoron has said he hopes to have a decision in the non-jury case by the end of the month.
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Smart move might be selling Trump Tower, rather than move money into New York that would otherwise be difficult to seize. I think his ownership stake is worth about $250 million.
I don't think that is possible. An injunction granted in 2022 prevented him from liquidating assets and transferring wealth out of state. I believe the court has also appointed a special master specifically to scrutinize any transaction made by the Trump Organization, with a view to specifically preventing any suspicious transfer.