Key points from AP analysis of Trump's New York civil fraud case
ABC News
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 ...
NEW YORK -- Donald Trump could potentially have his real estate empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders in violation of New York’s powerful anti-fraud law.
But an Associated Press analysis of nearly 70 years of similar cases showed Trump’s case stands apart: It’s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.
Some legal experts worry if the New York judge goes ahead with such a penalty in a final ruling expected by the end of this month, it could make it easier for courts to wipe out companies in the future.
“This sets a horrible precedent,” said Adam Leitman Bailey, a New York real estate lawyer who once sued a Trump condo building.
Here is what the AP analysis found:
