Explainer-What does New York fraud ruling mean for Donald Trump's business empire?

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By Jack Queen (Reuters) - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties ...

By Jack Queen - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. president as punishment for hisBy Jack Queen

Justice Arthur Engoron of New York state court in Manhattan ruled on Tuesday that Trump and his co-defendants committed fraud and ordered the cancellation of certificates that some of his businesses need to operate in New York. He also said he would appoint independent receivers to manage the dissolution of the canceled certificates.

The ruling covers 10 Trump entities but includes pillars of Trump's empire, including his commercial property at 40 Wall Street in Manhattan, golf resort in Scotland and Mar-a-Lago resort in Palm Beach, Florida.

 

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