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Politics : Formerly About Advanced Micro Devices
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From: Brumar8910/5/2023 6:02:22 PM
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Donald Trump's properties will likely be liquidated and sold off at auction after a judge found he had committed fraud, New York's former assistant attorney general has said.

Tristan Snell was speaking after a court found that the former president had massively inflated the value of some of his properties and ordered that some Trump companies involved be stripped of their corporate licenses. It's one part of Trump's ongoing civil fraud trial.

"The worst outcome that could have come from this case has already been handed down, and that is for the corporate licenses to be canceled," Snell told MSNBC. "The properties are likely going to be liquidated. The properties are probably going to be sold at auction. That's probably what is going to happen. We don't know that for sure, but that is probably where this is headed. So is already really, really in trouble."


Trump and his sons responded with incredulity to Engoron's summary judgment last week, which ordered that some of their business licenses in New York be rescinded and that the companies that own the properties named in the judgment be handed over to independent receivers.

Trump's lawyers have vowed to appeal the decision and took issue with the figures used to determine that the properties had been overvalued during the first day of the trial. The former president himself appeared in court on Monday in order to, as he put it, " fight for my name and reputation."


...... Donald Trump's Properties Will Likely Be Auctioned Off, Attorney Says (newsweek.com)


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