George Conway Says Trump Is ‘Gonna Have to Liquidate Everything – Including Places Like Mar-a-Lago’
Conservative attorney George Conway weighed in on the implications of the civil fraud case against former President Donald Trump.
And by implications, he means the crumbling of the Trump’s New York business empire.
Trump and the Trump Organization are on trial in New York, with Judge Arthur Engoron having already issued a partial summary judgment stating that they committed fraud. Engoron ruled that Trump grossly inflated the value of his assets to obtain more favorable terms from lenders and insurers. Attorney General Letitia James is seeking $250 million in damages, as well as the revocation of Trump’s business licenses. The judge has granted the latter request, but his decision is on hold pending appeal.
The state is expected to call three of Trump’s adult children to the witness stand in the coming days, as they all worked for the Trump Organization in some capacity.
Conway appeared on Monday’s Inside with Jen Psaki on MSNBC, where the host asked about Trump’s mental state.
“You’ve followed him a long time,” Jen Psaki said. “How do you think this is all impacting him, psychologically?”
“Well, you can see it,” Conway replied. “He’s making mistakes. He’s babbling incoherently even more than usual, This is striking… He was the mogul, he was the mogul with The Apprentice, and he’s been that in New York for 50 years. And now it’s coming crashing down.”
He went on to say that if Trump were to lose his ability to conduct business in New York, it would prompt him to sell off his most prized assets:
He’s already been found to have committed fraud, that his books and records, that his statements of financial condition are false. And the judge has already ruled that there was no triable issue of fact on whether or not they were false. And as a result, the judge said– ordered that Trump and the Trump Organization, the ability to do business in the state of New York should be invalidated.
And that puts him out of business, which means he’s gonna have to liquidate everything – including places like Mar-a-Lago, which are owned by New York LLCs. But then the question of how much of the proceeds of those sales, when he has to be put out of business go to the state of New York. And that’s what this is about.
“Let’s go back to what could potentially happen here,” Psaki said. “When you just said Mar-a-Lago could be liquidated, I think people might be like, ‘Wait, what, because isn’t he rich?’ So, he’s already been convicted of fraud here, but the total size of this, it sounds like your view, your belief, is that he could have to sell a lot of his assets, that he doesn’t have liquid funding to have to pay this?”
Conway reiterated that Trump will not be allowed to operate a business in New York state if the judge’s decision is upheld.
“Their right to do business in New York is canceled, as is the certificates of incorporation of the various LLCs and companies that he himself owns that are incorporated in New York,” Conway responded. “So, he can’t do business.”
He concluded, “This is a death blow to Trump’s businesses.”
Watch above via MSNBC.
