In a 35-page ruling, Judge Arthur Engoron said that Trump's valuations for several of his properties were 'wholly without basis in law or fact.'
may have to sell some of his properties and assets to settle debts after a judge ruled he committed fraud by overvaluing his estate for years, according to a legal expert.
"What does that mean? That they could ultimately not only be transferred to entities outside New York but also potentially sold. And whether Trump will be able to maintain ownership after dissolution is unclear."Indeed, one possibility is that assets will need to be sold to satisfy outstanding debts, including any disgorgement of profits ordered by the judge.
In his 35-page ruling, Engoron said that Trump's valuations for several of his properties were"wholly without basis in law or fact."
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