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and the LLCs it has — preventing the 77-year-old from conducting business in the Empire State until the revocation is rescinded.

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