Trump New York Fraud Ruling Will Ramp Up Pressure on Lenders, Accountants, Expert Says

Real estate professionals now will operate under the shadow of potentially crippling judgments.
Trump New York Fraud Ruling Will Ramp Up Pressure on Lenders, Accountants, Expert Says
Workers install the final letter of a "TRUMP" sign on the outside of the Trump Tower in Chicago on June 12, 2014. Scott Olson/Getty Images
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New York Supreme Court Justice Arthur Engoron’s ruling in the long-running civil fraud trial of former President Donald Trump will also increase pressure on, and scrutiny of, lenders and appraisers in the commercial real estate market, a realtor tells The Epoch Times.

The ruling not only imposes a $355 million penalty on President Trump but also bars him from operating businesses in New York for three years, suspends his sons Eric and Donald Jr. from doing so for two years, and slaps each of them with a $4 million fine.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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