Trump builds casino over house11/28/2023 ![]() ![]() It was not immediately clear how the New York entities and properties might be dissolved under a receiver and what it may mean for holdings outside of the state. ![]() Other business holdings listed in Engoron’s order included Mar-a-Lago, Trump’s Florida residence and resort a golf course in Aberdeen, Scotland and his US-based golf courses. The Trump Building on Wall Street in New York. Engoron called for a receiver to oversee the dissolution of the entities, which include buildings such as Trump Tower, 40 Wall Street and the Seven Springs family compound in Westchester County, New York. In a late-September surprise summary judgment order, Judge Arthur Engoron found Trump liable for fraud and canceled business certificates for many of his entities in New York, including the Trump Organization (a sprawling entity comprised of 500 limited liability companies). “It’s between severe and seismic” as to the effects on Trump’s businesses, Thomas told CNN on Monday. Not only could Trump be subject to hefty financial penalties and lose control of his flagship properties dotting the Manhattan skyline, the trial also could significantly reshape his business empire, said Will Thomas, assistant professor of business law at the University of Michigan’s Ross School of Business. The New York civil fraud trial of former President Donald Trump carries extremely high stakes for the self-proclaimed business mogul. ![]()
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