NY AG may seek 'corporate death penalty' for Trump Tower -- and all his golf courses: legal expert
trump may lose the "crown jewels" of the heir's corporate empire if New York Attorney General Letitia James moves to invoke New York's "corporate death penalty" against the Trump Organization, according to a new report.
The investigation focuses on whether the Trump Organization essentially kept two sets of books. He allegedly would low-ball values to avoid taxes, while high-balling values to secure loans.
"In the coming weeks or even days, the AG is expected to file a massive, long-threatened 'enforcement action' — essentially a multi-hundred-page lawsuit against the Trumps and his Manhattan-based business," Business Insider reported Wednesday. "Fines and back taxes, however, may be the least of what Trump's facing. James has signaled she will also seek the dissolution of the business itself under New York's so-called corporate death penalty -- a law that allows the AG to seek to dissolve businesses that operate 'in a persistently fraudulent or illegal manner.'"
https://www.rawstory.com/crown-jewels-ny-ag-may-seek-corporate-death-penalty-for-trump-tower-and-all-his-golf-courses/
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