Donald Trump Faces Lifetime Ban from Real Estate Business in New York

TLDRThe New York attorney general is seeking a $370 million penalty against Donald Trump for persistent fraud in his real estate transactions. If successful, Trump will be banned from conducting any real estate business in New York and will be unable to take out real estate loans or hold any positions of authority in New York corporations.

Key insights

🧱The New York attorney general is seeking a $370 million penalty against Donald Trump for persistent fraud in his real estate transactions.

🔒If successful, Donald Trump will be banned from conducting any real estate business in New York and will be unable to take out real estate loans.

🏢Trump will also be prohibited from holding any positions of authority in New York corporations.

💰The penalty seeks to claw back ill-gotten gains from Trump's fraudulent activities.

⚖️The judge has already made multiple findings of fraud against Donald Trump and his organization.

Q&A

What is the penalty the New York attorney general is seeking against Donald Trump?

—The New York attorney general is seeking a $370 million penalty against Donald Trump for persistent fraud in his real estate transactions.

What will happen to Donald Trump if the penalty is successful?

—If successful, Donald Trump will be banned from conducting any real estate business in New York and will be unable to take out real estate loans.

Will Donald Trump be able to hold any positions of authority in New York corporations?

—No, Donald Trump will also be prohibited from holding any positions of authority in New York corporations.

What is the purpose of the penalty sought by the New York attorney general?

—The penalty seeks to claw back ill-gotten gains from Donald Trump's fraudulent activities.

Has the judge made any findings of fraud against Donald Trump?

—Yes, the judge has already made multiple findings of fraud against Donald Trump and his organization.

Timestamped Summary

00:00The New York attorney general is seeking a $370 million penalty against Donald Trump for persistent fraud in his real estate transactions.

02:10If successful, Donald Trump will be banned from conducting any real estate business in New York and will be unable to take out real estate loans.

05:00Donald Trump will also be prohibited from holding any positions of authority in New York corporations.

07:40The penalty seeks to claw back ill-gotten gains from Donald Trump's fraudulent activities.

09:50The judge has already made multiple findings of fraud against Donald Trump and his organization.

Browse more