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Dismantling Trump’s empire would stand alone under NY fraud law

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FILE - People walk by The Trump Building office building at 40 Wall Street in New York City, Friday, Nov. 3, 2023. Within days, Donald Trump could potentially have his sprawling real estate business empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law. An Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times. (AP Photo/Ted Shaffrey, File)

Donald Trump's case involved 11 years of financial statements with values based on disputed and sometimes outright false descriptions of properties used as collateral should his loans go bust.


Originally published at The Associated Press
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