What business bans is the attorney general seeking against Donald Trump and his sons?

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Attorney General Seeks Business and Real Estate Bans Against Trump and Sons

New York's Attorney General is pursuing a permanent ban preventing Donald Trump, Donald Jr, and Eric Trump from operating businesses within the state. Additionally, the Attorney General is seeking a five-year prohibition on Donald Trump and The Trump Organization engaging in commercial real estate transactions. These actions are part of a civil fraud trial initiated on October 3, where the state alleges the former president misrepresented his real estate empire, generating over US$100 million through fraudulent means.
Permanent Ban on Business Operations

The lawsuit filed by Attorney General Letitia James includes a request for a permanent injunction that would bar Donald Trump, along with his sons Donald Jr. and Eric Trump, from directing or managing any businesses registered or operating in New York. This measure aims to prevent them from continuing any business activities within the state should the court find them liable for fraud.
Five-Year Commercial Real Estate Ban

Beyond the general business ban, a specific five-year restriction on commercial real estate activities is being sought against Donald Trump and The Trump Organization. This proposed ban would prevent the former president and his primary business entity from participating in commercial property deals within New York for a significant period. This action is intended to address the core allegations of the fraud case, which revolve around the valuation of real estate assets.
Allegations of Fraudulent Asset Valuation

The attorney general's office contends that Donald Trump and his associated companies inflated the value of numerous assets, including his Manhattan penthouse, Mar-a-Lago estate, and various office towers and golf clubs, between 2011 and 2021. These alleged overvaluations, which the state claims reached up to US$2.2 billion, were reportedly used to secure more favourable bank loans and reduce insurance premiums, thereby constituting fraud.
Trial Proceedings and Initial Findings

The civil fraud trial commenced with opening statements and initial testimony from Donald Bender, an accountant for Trump's businesses. Prior to the trial, the judge, Arthur Engoron, had already found Trump, his sons, and 10 companies liable for fraud. Engoron detailed specific instances of inflated valuations, such as the Trump Tower penthouse being valued as if it were three times its actual size, and Mar-a-Lago being assessed at US$739 million when its official value was no more than US$28 million. The judge also ordered the cancellation of business certificates for key Trump companies and the appointment of receivers for their dissolution.

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What business bans is the attorney general seeking against Donald Trump and his sons?

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