Once it's decided that Trump Org. LLC is found guilty and all its assets must be dissolved, Trump's next biggest problem will be how to keep everything out of a court ordered receivership. Of course, he can move the company name to another state if he can find one willing to put up with the headaches, but not the brick-and-mortar assets, such as Trump Tower or his golf courses which will have to cease operations unless the court assigns someone to oversee their continued operation for the sake of sell value, and take control of the money therefrom.

It doesn't take a long post to predict the end. Trump will be stone, cold broke. His credit rating will be zero. Any mortgages he owes will go on instant recall. All his wealthy friends won't return his phone calls. His PACs will die of starvation. His team of attorneys will be whittled down to one. And Trump himself will be in a prison somewhere in Georgia, still trying to plot the assassination of his enemies.

The State certificates for Trump, Org LLC have already been cancelled. The company can no longer do business in the State of New York. Nor can any of the companies that belong to his two sons. The judge said that the offences were so egregious and obvious that he didn't need a trial. There will still be a hearing but only to decide the financial compensation. I have my fingers crossed for a court ordered receivership to sell of Trump's property and pay off his mortgages and any other claimants that he owes them money, including his lawyers and every other small business that he screwed over the years.

This is going to be one hell of a mess.

I guess now we'll know the truth about the rumor that Trump Quit Claimed Mar-a-Lago over to Junior ~ who is also one of the litigants in the New York fraud case, which means that's not going to do Trump any good.

You gotta feel a little sorry for Axos, an obscure internet bank in San Diego, that bent over backwards to loan Trump a couple million dollars a few months back, a million of which was collateralized by Trump Tower. They just got suckered punched by this latest ruling that shut down Trump.org.

Betcha Trump Tower will be the first thing on the auction block once a receivership is set up. The line forms on the right. Ten cents on the dollar. Take it or leave it.

LAMP

Trump was desperate and bank shopping after he got dumped by Deutsch. Nobody else wanted to handle the liability.

Axos wanted to use Trump's name to make a big splash for themselves in the internet banking business. At the time they were actually underfunded to authorize such a big loan but managed a reach-around to get it done.

There's another internet bank called Professional Financial, or some such thing, that Trump squeezed another million dollars out of.

LAMP

At the time Axos wanted to increase its viability as an internet bank. And it worked. After the loan to Trump, their portfolio jumped to a couple $billion$ ~ beyond their wildest dreams.

I have no idea of their current status. Your post seems to imply that they've taken a steep nose dive into trouble.

(Everything Trump touches dies)

LAMP @ #45

"At the time, I was just looking for FDIC-insured high-interest savings accounts, and axos.com was the one. Then something happened, and they suddenly were not the one."

maybe this will explain what happened:

I can't speak for then but when I went bank shopping recently, I learned that those high interest rates at an online bank only apply to balances under $1,000.

After that it graduates down to $0.01. That's what they pay you to "rent" your money.

"YMMV"

Does that mean the same thing as Buyer Beware?

SHWANKOLA

Or, most likely, how willfully stupid the Trump camp is.

It's not possible they've missed the felonies and indictments, 91 in total. So, yeah, "willfully" is the correct word.

You sound like one of them. Look in a mirror and point the finger of shame at yourself for being so gullible.

We've got 25 years vested in Biden's public service with nary a single scandal.

What do you have?

AU

I have a question about the Receivership of Trump Org.

Now that the company has lost its business certificate in the State of New York, can it still be a parent company of any out-of-state properties?