New York attorney general is seeking a 5-year real estate licence ban in addition to heavy finesSecurity barriers are put up for the start of the trial of former U.S. president Donald Trump, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse in New York City on Monday.
He has called the charges politically motivated, and has at times said the practices his company engaged in with respect to valuations were typical for large real estate firms. Trump at one point suggested under oath in his deposition that the valuations were fine because he could find a "buyer from Saudi Arabia" to pay whatever he wanted.Where Donald Trump's criminal and civil cases stand
The specifics of how that order will be implemented have not been decided, but the loss of those prized assets would be a major blow to Trump's finances. If Engoron tacks on fines and business restrictions, that damage would compound. Michael Cohen, Trump's former personal lawyer, is shown on Capitol Hill in Washington, D.C., on Feb. 27, 2019. Cohen helped lift the lid on Trump Organization practices that may have run afoul of the law.
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