I dunno how such things are handled. If someone’s in prison for twenty years do their assets go into stasis? The logical thing would be to have a trust but who in that crew could they figure won’t pocket the proceeds as well?
Anyway, as k9 pointed out, when all the grift is confiscated, the only thing left will be Trump’s fine name.
If the family is convicted and imprisoned it’s because the Trump org is a criminal enterprise and the majority of its holdings will be forfeit. Tiffany will be lucky to walk away with a golden toilet seat.
I would disagree, if only because he has broken apart his holdings into so many different legal constructs. If some of his businesses are operating criminally, the others would be legally separate.
Isn’t there a policy of assets obtained with ill gotten gains are also forfeit? If you sell coke for a living and buy a car with your profits, the car is also confiscated, not just all those kilos.
I’d bet Trump’s stench touches everything in TrumpCo and no enterprise within is taint-free.
Their most valuable assets are businesses. They may have been very closely held, but the Trumps are not irreplaceable and they will hire someone to manage them and the businesses will continue to run.
I doubt whatever they are found guilty of will cover all actions of the businesses, so there will be fines and possibly some parts will be forfeit, maybe enough to bankrupt them, but there are no circumstances where “whatever’s left fall into” Tiffany’s lap.
The second they get any kind of conviction you will see RICO seizures of everything the family has ever touched. Tiffany needs to start shopping her resume around to McDonalds and KFC.
Massive assumption here: that only SOME of his businesses are operating criminally.
Con artists can’t walk away from any opportunity to grift, if only in stupid ways. We know he’s likely to get dinged for anything relating to his ownership of real estate, but he will have found a way to criminalize his other doings. For example, even Trump’s ‘sell my name’ business may well have operated using extortion. Or bribery. Or might have been involved in money laundering.
I don’t know that this is true, but…who would be surprised if it turned out to be the case?
There is only one Trump business: The Trump Organization. Everything else, the hotels, the golf courses, the buildings, are all assets of The Trump Organization. If the Organization goes down, the assets will be seized and liquidated.
An IT classmate worked briefly for a company that referred to its employees as “human assets.” In that context, it would be interesting to contemplate a scenario where the entire kit ‘n’ caboodle might be … vaporised.
That is now standard HR jargon. Employees aren’t people. They’re just assets, like the furniture in the building, the money in the bank; just things that the employer owns, uses, and disposes of as needed.