Former President Donald Trump's legal blow in New York on Friday has sparked jokes about the future of his real estate assets, including Trump Tower, a 58-story Manhattan apartment complex.
After New York Judge Arthur Engoron found Trump and his company, the Trump Organization, liable for misleading lenders and insurance companies into giving them favorable treatment, the former president , along with a former business associate and his two eldest sons, were ordered to pay more than $364 million in fines. President Trump and his legal team criticized the ruling, based on a lawsuit brought by New York Attorney General Letitia James, as “partisan” and “corrupt.”
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The ruling received a lot of attention on social media, with some users mocking the idea that President Trump would lose ownership of his valuable real estate empire. The Lincoln Project, a political action committee (PAC) made up of anti-Trump Republicans, posted a photo of the former president's Trump Tower with a Photoshopped “Spirit Halloween” banner on the building's name. Shared on X (old Twitter).
“Breaking News: The Trump Organization,” the PAC wrote in a post.
Anthony Scaramucci, a former Trump aide who has publicly criticized the former president since his time in office, also wrote on X: “Are they going to change the name of Trump Tower to Champ Tower?”
Another X user suggested that Trump Tower would be a “great place for a multi-level laser tag arena…just saying.” Podcast host Joanne Carducci, better known on social media as JoJoFromJerz, wrote of X:[New York] Trump Tower should be turned into a homeless shelter. ”
newsweek We have reached out to the Trump campaign for comment.
Mr. Engoron wrote in Friday's order that Mr. Trump and his companies had inflated the value of several assets, including Trump Tower. The former president previously valued Trump Tower as if it were a 30,000-square-foot building. According to real estate records, the triplex complex measures approximately 10,996 square feet.
In addition to a hefty fine, Engoron's ruling bars Trump and two former Trump Organization executives, Allen Weisselberg and Jeff McConney, from doing business in New York state for the next three years. His two eldest sons, Donald Trump Jr. and Eric, were suspended for the next two years.
The judge also extended the role of Barbara Jones, the court's independent monitor who has been monitoring the Trump Organization for months. While Jones will oversee Trump's company in court for the next three years, Engoron has given her the power to decide on “the possible restructuring and dissolution” of the former president's business licenses in the future. Ta.
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