Legal and business experts say the ruling in New York state threatens assets such as Trump Tower and also empowers state Attorney General Letitia James, one of Donald Trump's main legal critics.
and falsifying business records.
According to Coffey, there is still significant uncertainty about what will happen next. Engoron has signaled he will clarify his ruling at a future hearing, and a fraud trial is set for next week in his Manhattan courtroom. "It's a New York statute that's specifically designed for the [state] attorney general to police bad business behavior," said Will Thomas, assistant professor of business law at the University of Michigan.
Writing this week on his social media site, Trump once again leaned on race-tinged language to criticize New York's top law enforcement official, describing her as"racist" and calling her Letitia"Peekaboo" James.he complained in a post on Truth SocialBut unless this ruling is overturned on appeal, or modified, James will now hold sweeping authority over Trump's financial operations.
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