Trump Organization tries to figure out the future of its business after fraud ruling

Anderson Cooper 360

CNN

News

4.1 • 3.7K Ratings

🗓️ 28 September 2023

⏱️ 42 minutes

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Summary

Attorneys for former President Trump say the Trump Organization is working on figuring out what yesterday's fraud ruling means for the future of the business and what may need to be dissolved to comply with the judge's decision. A New York judge found Trump and his oldest sons liable for fraud and agreed with New York Attorney General Letitia James that Trump and his businesses overvalued assets by hundreds of millions of dollars. Former Manhattan Chief Assistant District Attorney Karen Friedman Agnifilo tells Anderson Cooper how she interprets the judge's ruling and what she thinks will happen to the Trump Organization. Plus, Democratic Sen. Bob Menendez, along with his wife Nadine Menendez, pleaded not guilty to charges relating to an alleged bribery conspiracy involving payments in gold bars, hundreds of thousands of dollars in cash, a luxury car, and passing sensitive information to the Egyptian government. CNN National Correspondent Jason Carroll gives AC360 a look at who Nadine Menendez is and her alleged involvement.

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Transcript

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0:00.0	Tonight on 360 is set back on top of a body blow.
0:04.8	A federal judge tells the former president she's not going anywhere, she's not recusing
0:08.5	herself despite what he says about her and we've learned more about another judge's ruling
0:12.6	that legal experts are calling a possible death penalty for Trump's business built
0:17.0	on fraud.
0:18.0	Also tonight, Senator Mrs. Menendez, partners in marriage and in crime, St. Prosecutors,
0:23.3	how they came to be a couple and how they pleaded to bribery charges today, what happens
0:27.4	next.
0:28.4	Later, the manhunt for a convicted predator and alleged murder, a man-one top police official
0:32.7	warned, will kill, do anything he can to cause harm.
0:36.6	Good evening, thanks for joining us, we begin with breaking news.
0:39.5	The end of what would already be a difficult day, even for someone whose business empire
0:43.4	was just dealt a devastating blow by one judge.
0:46.4	Tonight, another judge, federal district judge, Tony Chutkin, denied the former president's
0:50.8	motion that she recuse herself from his election subversion trial.
0:54.6	In her ruling, Chut Chutkin said that her comments made during the sentencing of
0:58.1	two January 6th defendants were not evidence of bias as Trump attorneys had claimed.
1:03.1	The court, she writes, has never taken the position, the defense describes to it that
1:07.6	former president Trump should be prosecuted and imprisoned.
1:11.2	Now, this comes, of course, after New York judges summary judgment yesterday that the
1:14.8	Trump business empire was built on fraudulently and often comically inflated valuations of
1:19.7	assets and now must be dissolved.
	...

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