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New York ruling deals Trump business a major blow

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The sweeping punishment meted out Friday by a New York judge on Donald Trump and his family business deals a serious blow to the former president in his longtime home market.

Former US President Donald Trump walks to the courtroom after speaking to the press at Manhattan Criminal Court in New York City on February 15, 2024. Photo: ANGELA WEISS / AFP, as well as a three-year ban on Trump's service as a corporate officer and his ability to seek loans from New York banks.in many respects is still owned by the family, but it is out of the family's control," said Will Thomas, a business law professor at the University of Michigan.

New York Attorney General Letitia James has emphasized the chicanery exercised by Trump and his sons in the business, saying Friday that Trump was"finally facing accountability for his lying, cheating and staggering fraud." Trump is better liked in Florida, where his assets include the Mar-a-Lago club, the Trump National Doral resort in Miami and three homes.

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