Judge’s Order to Dissolve Trump Companies Could Spell Financial Disaster for Former President

Former President Donald Trump may be facing a financial catastrophe, according to his former attorney Michael Cohen. On Sunday, Cohen suggested that New York Judge Arthur Engoron’s order to dissolve some of Trump’s companies, after finding him liable for routinely overvaluing his assets and net worth to obtain loans, could spell disaster for the ex-president.

The order comes after New York Attorney General Letitia James filed a $250 million civil lawsuit against Trump and others at the Trump Organization in September 2022, accusing them of widespread fraud. Cohen, who worked for the Trump Organization, said that Trump’s biggest fear was that he would “lose all of his money and that he would no longer be considered the mega-billionaire that he tried to portray himself as.”

White House Press Secretary Jen Psaki commented on the ruling, calling it “a corporate death sentence” for Trump. Cohen echoed the sentiment, saying that it is “the deathblow to Donald.”

The lawsuit is set to play out in a courtroom in lower Manhattan, where the outcome could be a financial catastrophe for the former president. It remains to be seen how the case will unfold, and what the ultimate consequences will be for Trump and his companies.