It seems that the former First Lady Melania Trump could be the one to save the New York businesses of her husband former President Donald Trump via NewsWeek.
It has been noted that this week’s sweeping ruling against Donald, his sons Donald Jr. and Eric, and the Trump Organization has put the Trump family at risk of losing the New York real estate empire that Donald built over decades.
Tuesday’s decision from New York Justice Arthur Engoron stripped the Trumps of control over some of their signature properties that helped create the former president’s early image.
After uncovering fraudulent financial statements submitted by the Trump Organization containing inflated valuations for business purposes, Engoron has revoked the business certificates for multiple properties in New York state. As a result, Trump may be forced to divest or transfer his New York portfolio in the event that he is barred from conducting business in the state.
But legal experts say Trump could still keep his hands on those properties with the help of family members like Melania, or his eldest daughter Ivanka, both of whom were removed from the New York case and are thus not subject to Engoron’s ruling.
Marcel Kahan, a New York University law professor, told the Washington Post that while Donald will “almost certainly” sell off his New York properties, “He could have a company that is owned by Ivanka, or other members of his family. They are not subject to this order.”
“Look, Trump can just transfer all his properties and businesses in NY to Melania. Problem solved,” attorney Ron Filipkowski wrote on X, formerly Twitter, on Tuesday. “I’m sure he can trust her because she really loves him unconditionally.”
