CNN legal analyst Norm Eisen discussed the civil fraud trial in New York, highlighting the substantial risk for the Trump Organization.
Eisen mentioned that the trial could result in significant financial penalties and injunctive relief, potentially leading to the organization being renamed.
He emphasized that the judge’s orders, if upheld on appeal, could lead to severe consequences, including limitations on Trump and his sons’ involvement in the business and the possibility of a receiver taking charge, ultimately signaling the potential end of the Trump Organization as it has been known. (Trending: GOP Rep. Mace Clashes Directly With Hunter Biden At Hearing)
“The end of the Trump Organization as we have known it.”
CNN legal analyst Norm Eisen says that the civil fraud trial in New York could end Trump’s business organization. pic.twitter.com/vAWQcceBRe
— Republicans against Trump (@RpsAgainstTrump) January 12, 2024
“What’s the risk right now for the Trump Organization?” Wolf Blitzer asked Eisen.
Eisen replied, “Well, it’s substantial, Wolf, including that, when all of these trial and appellate proceedings are concluded, it may no longer be called the Trump Organization. It’s not just the massive over $300 million in financial penalties for the wrongdoing that the attorney general is seeking, but there is injunctive relief this judge has already ordered.”
“It’s been stayed pending appeal. This judge has already ordered some of the remedies that can be referred to as a corporate death penalty.”
“Trump and his sons not allowed to participate in the business, not allowed to do other business, not allowed to take loans for a period of time, perhaps putting a receiver in charge.”
“If all of that comes to pass and if it holds up on appeal, and I think the judge has been careful, like with those Eric and Don Jr. comments, he’s showing balance. If it holds up on appeal, this could be the end of the Trump Organization as we have known it for all of these years,” he continued.
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