New York Judge Arthur Engoron canceled the Trump Organizations business certification and ordered that a receiver be appointed to dissolve Trumps properties . A trial is supposed to get under way next week . Whether Trump will actually lose control over iconic properties like Trump Tower or pay hundreds of millions New York Attorney General Letitia James who brought the case wants million remains to be seen . Questions remain as to how the receiver would dissolve the properties if the ruling would impact properties located outside of New York state including MaraLago and if the Trumps could transfer the New Yorkbased assets into a new company located out of state . The most overvalued year was in when he inflated his net worth by . billion . Trump has continued to secure loans on properties even as it has become more difficult for him to find relationships with major banks . In fact Trump agreed to forever treat the property as a social club and not convert it to residences . The actual assessed values cited by the judge during the years in question are official taxable value assessments calculated by the Palm Beach County assessor. Those are the figures on which Trumps been paying property tax not the hundreds of thousands of dollars he argues the property is worth in order to obtain loans . The judge used an million to about million assessment for the actual value of the actual values of the massive compound which could fetch hundreds of thousand of dollars if sold as a home. However the judge noted that it is not a home . Trump agreed that it could fetch Hundreds of millions of dollars. The judge noted in the actual assessed . The real assessed values. The actual assessor of the judge. The real assessment of the . Trump. The average assessed values . The average value of Trump. Those were the actual assessments. Those of the assessed values are
A fraud finding is like ‘corporate death penalty’ for Trump, says Trump .
