A business expert believes that former President Donald Trump’s daughter Ivanka Trump might be the successor to her father’s empire should a judge impose a lifetime real estate ban on Donald Trump via News Week.
It has been noted that Trump, his two eldest sons, Donald Trump Jr. and Eric Trump, as well as the Trump Organization, are co-defendants in the $370 million civil fraud trial brought by New York Attorney General Letitia James. She accuses them of inflating his net worth by billions of dollars to obtain benefits such as better bank loans and reduced tax bills.
Given that he is the front-runner for the Republican nominee, Trump has consistently maintained that the lawsuit was politically motivated to sabotage his 2024 presidential campaign and denies any wrongdoing.
Judge Arthur Engoron declared in September that there had been fraud in the property assessments by Trump, his two adult sons, their companies, and executives. An appeal has been filed against the order. The court will decide on a penalty in addition to six other charges, which include conspiracy, insurance fraud, and business record falsification.
On January 11, the trial came to an end, and Engoron stated he hoped to provide a decision by January 31.
James last week requested that Engoron ban Trump for life from the real estate industry in New York and ban Donald Jr. and Eric for five years each.
Eric C. Chaffee, a law professor at Case Western Reserve University in Ohio and an expert in business law, said that could leave Ivanka running the empire.
“If former President Trump’s sons are banned for five years, Ivanka Trump could end up handling former President Trump’s real estate holdings in New York. She has already shown herself to be a capable business person, and this would not be surprising,” Chaffee said.