Distinguished Scholar in Residence for Financial Regulation William Black Quoted by Reuters about Donald Trump Being Found Liable for Fraud in New York Civil Case

Distinguished Scholar in Residence for Financial Regulation William Black was quoted in Reuters about Donald Trump being found liable for fraud by inflating the value of his New York-based assets. The judge also also ordered the cancellation of certificates that let some of Trump’s businesses, including the Trump Organization, operate in New York. “It's a devastating ruling,” said Black, adding that cancelling business certificates could hurt Trump's ability to make money. “If the decision is upheld, they have to liquidate the LLCs which actually hold the enormous bulk of the assets.”