Former United States President Donald Trump has a vast empire of prestigious golf courses across the United States in the world, but a recent court battle could cause a devastating problem for the former president’s golf empire.
According to a report from Sean O’Driscoll of Newsweek, Donald Trump could be barred from “any American real-estate transactions if they include business in New York,” which would include his golf courses in the United States. O’Driscoll reports that New York Attorney General Letitia James has asked the judge in Trump’s $370 million civil fraud trial to impose a real-estate ban on the former president.
“James has asked a judge to ban Trump from the real-estate industry for life as punishment for fraudulently inflating the value of his assets. Judge Arthur Engoron is due to make a decision on that request on January 31 and decide on an overall punishment for Trump and his two adult sons, Eric and Donald Jr. Newsweek sought email comment from Trump’s attorney on Tuesday,” O’Driscoll wrote.
Paul Golden, a partner at New York law firm Coffey Modica, told Newsweek that the judge could choose to impose a wide interpretation of a ban like this which would impact Trump’s golf businesses in multiple states – not just New York.
“Even if Hon. Engoron cannot bar the Trump defendants from engaging in the real-estate business outside New York, it is possible he could issue a judgment which indicates that, to the degree the Trump defendants’ future non-New York business could affect New Yorkers, such activity would be barred,” Golden said.
This would bar Trump from any real-estate activity that required any sort of activity in the state of New York, such as banking or seeking investors.
We’ll have to see whether or not Trump is hit with this punishment.
[Newsweek]
