Trump Org. Faces Uncertain Future After Devastating Fraud Ruling
The Trump Organization is grappling with the implications of a recent fraud ruling that found Donald Trump liable for fraud and canceled the business certification of the Trump Organization. Trump's attorneys are uncertain about the extent of the ruling and are working to determine which parts of the company may need to be dissolved. A court-appointed receiver will oversee the dissolution of Trump's corporate entities, and both sides will propose names for the role. Questions remain about how the receiver will operate, the impact on properties outside of New York, and the potential transfer of assets to a new out-of-state company. The trial will proceed as scheduled, allowing the attorney general's office to seek a larger penalty from the Trump Organization. The Trump team plans to appeal the ruling.