"Trump Org's Fraud Ruling: Implications for Finances and NY Business Exodus"

The Trump Organization denounced a New York Supreme Court ruling ordering Trump, his sons, and former CFO Allen Weisselberg to pay a total cash penalty of $364 million for manipulating asset values, with interest potentially adding another $100 million. The judgment also bars Trump and his sons from running businesses in New York for several years. Experts believe this case is extreme and unlikely to impact other businesses, as it stemmed from a unique refusal to admit errors. The investigation into the Trump Organization was sparked by a 2019 congressional hearing exchange and a promise by New York Attorney General Letitia James to investigate Trump's business dealings.