Donald Trump’s Biggest Legal Problem May Be Yet to Come

CollegeUnified By CollegeUnified 2 Min Read

Donald Trump could face criminal prosecution if his companies continue to trade in New York, according to a law professor. In a summary judgment last September in Trump’s New York civil fraud trial, Judge Arthur Engoron stripped Trump’s companies of their right to trade in New York as punishment for his fraudulent use of inflated property valuations to obtain bank loans. The former president claimed that his civil rights had been violated and that his companies had “done a magnificent job for New York State” and “done business perfectly.” An appeals court froze Engoron’s decision until it makes a ruling in the case.

New York Attorney General Letitia James has filed a lawsuit against Trump for inflating the value of his assets to get more favorable loans. James is asking for $370 million and for Trump to be permanently barred from doing business in New York. Trump has maintained his innocence and claimed the case is politically motivated as he is the GOP frontrunner in the 2024 presidential race.

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Gregory Germain, a law professor at Syracuse University, said that Trump could be liable to criminal prosecution if the appeals court upholds Engoron’s decision to strip Trump’s companies of their right to trade. He said that if these determinations go into effect, it would be a crime for him or his entities to continue operating any businesses in New York without a business license.

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