Trump gets temporary reprieve from losing control of companies in N.Y.

ListenNEW YORK — A New York state appellate judge Friday temporarily blocked the revocation of the Trump Organization’s state business certificates ordered last week when a trial judge found Donald Trump and his company liable for fraud.start of a receivership process and the dissolution of the Trump Organization and related entities

“We are very pleased the First Department upheld New York law and put a halt to any cancellation of business certificates, receivers or dissolution,” Kise said in a statement after the court arguments. “The trial court’s attempt to reach issues, entities and assets beyond the scope of this case has been suspended.

Engoron’s decision to shut down Trump entities means Trump’s New York properties, including Trump Tower on Fifth Avenue, may ultimately be sold by the receiver.

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Accountant's testimony sprawls into a 4th day at Trump business fraud trial in New YorkAn accountant who prepared Donald Trump’s financial statements is back on the witness stand for a fourth day in the New York civil trial examining whether the former president exaggerated his wealth. Trump himself didn’t attend the proceedings Thursday. He had chosen to be there for the three prior days. The business fraud trial stems from New York Attorney General Letitia James’ lawsuit alleging that Trump and his business ginned up financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. Trump denies any wrongdoing. The witnesses so far have been two accountants who worked on the financial statements. The documents went to banks, insurers and others.
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