Trump's penalty could cause NY biz exodus to FL, as New York State becomes 'legal banana republic': experts
Fox News
After Judge Engoron handed down a massive penalty against Donald Trump, the Trump Organization and top executives, several analysts called out the potential for business exodus.
Trump Sr., the Trump Revocable Trust and Trump Organization were found liable for $60 million, while Trump's sons and Weisselberg were found liable for $4.01 million each – and Trump Sr. plus several entities including the Trump Organization and the LLC signifying Trump's Chicago hotel were banned from applying for loans with institutions registered with New York for three years. Charles Creitz is a reporter for Fox News Digital.
The three Trump family members were also banned from serving as executives of any business or legal entity based in New York for a similar length – which is key, as the Trump Organization is housed at its iconic tower at 5 Av and E. 57th Street. He joined Fox News in 2013 as a writer and production assistant.
In that regard, former Bush White House press secretary Ari Fleischer told Fox News the ban may spur Trump to relocate his entire business empire to Florida, just as he has his primary residence. Charles covers media, politics and culture for Fox News Digital.
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