Legal experts are sounding the alarm, predicting a collapse for Donald Trump’s real estate empire after a recent New York judge’s ruling exposed fraud and deceit upon which the business fortune was built.
Trump’s Business Licenses Rescinded
Michael Cohen, Trump’s former attorney, claimed Trump is already “out of business” in New York following Judge Arthur Engoron’s ruling that rescinded the licenses of the Trump Organization and other companies owned by Trump and his sons, Eric and Don Jr.
Trump Strikes Back, but Is the Damage Irreparable?
Trump, retaliating on his Truth Social platform, labeled the judge a “political hack” in an attempt to save his multi-billion dollar empire.
Trial Date Set for Showdown
Judge Engoron postponed the decision, setting the stage for a high-stakes non-jury trial beginning on October 2nd.
The outcome could spell disaster for the Trump empire, putting his property at risk.
Engoron “Must Be Stopped”
Trump also posted on Truth Social that Judge Engoron “Must be stopped” as he tried to turn his loyal followers on the platform against the judicial system.
Trump’s Most Prized Properties at Risk
Industry experts suggest the selling spree could start with Trump’s prized real estate assets, including Trump Tower, golf courses, resorts across the US, and even the iconic Mar-a-Lago club in Florida, potentially triggering a financial domino effect.
Trump’s Desperation Grows as Valuations Are Challenged
Trump disputed the valuation of Mar-a-Lago, claiming that it was worth “100 times more” than what it was valued, in a desperate attempt to loosen the tightening noose around his business empire.
The Beginning of the End
Critics believe this could be the beginning of the end for Trump’s carefully cultivated image as a savvy business tycoon,
“Impossible to Save”
William Black, an expert in white-collar crime and finance, warns that once the dominoes start falling, saving the empire becomes nearly impossible and Trump’s overvalued properties are likely to be sold at significant losses.
Could This Be the Tipping Point?
Black believes Trump’s employees and insiders might come forward with damaging information if he loses his wealth and influence.
Expert Predictions Take a Dark Turn
Experts unanimously agree that Engoron’s ruling was devastating, setting in motion potential bankruptcy and financial ruin for Trump and his business empire.
Trump’s Last Stand
While Trump’s legal team plans to appeal the ruling, the prospect of a successful appeal appears bleak “I give Trump’s chances of prevailing on appeal at somewhere between zero and nothing” said the author of the Trump-themed book “The Big Cheat.”
Corporate Death Penalty
Renowned legal figures like Joyce Vance are calling Engoron’s ruling the “corporate death penalty,” holding Trump accountable for years of alleged misconduct.
A Self-Inflicted Catastrophe
Black argued that Trump’s frauds, which relied heavily on audacity, may have finally caught up with him. As lawsuits intensify, bankruptcy looms, threatening the once-titanic Trump empire.
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