Trump fraud ruling that cancels his business licenses is a ‘devastating’ blow for ex-president, experts say

A ruling by a New York judge that Donald Trump had committed fraud — leaving the fate of his business empire dangling in uncertainty — was a “devastating” blow for the former president, legal experts said Tuesday night.

If not successfully appealed, the decision will revoke the Trump Organization’s “business certificates,” — the corporate licenses held by Trump, his family, the Trump Organization and the LLCs it has — preventing the 77-year-old from conducting business in the Empire State until the revocation is rescinded.

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Trump and company liable for fraud in New York lawsuit, judge rulesA judge on Tuesday ruled that former President Donald Trump and his company are liable for fraud in a lawsuit by the New York Attorney General’s Office. This is breaking news. Please check back for updates.
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Donald Trump and his company 'repeatedly' violated fraud law, New York judge rules'The documents here clearly contain fraudulent valuations that defendants used in business,' Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
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