In an ongoing $370 million civil fraud trial brought by New York Attorney General Letitia James, former President Donald Trump, along with his two adult sons and the Trump Organization, face serious allegations of inflating his net worth to secure benefits such as favorable bank loans and reduced tax bills. The trial has prompted James to request a lifetime ban for Trump from the real estate industry, a decision that Judge Arthur Engoron will make on January 31.

Senior corporate attorney Paul Golden, from Coffey Modica law firm, explained that while Judge Engoron may not be able to bar the Trump defendants from engaging in real estate outside of New York, it is possible that he could issue a judgment restricting their activities if they have an impact on New Yorkers. This could potentially affect real estate transactions that involve activities within New York, such as banking or seeking investors.

However, the specifics of the judgment remain uncertain, as Judge Engoron has not indicated whether it will go that far. Golden emphasized that the eventual outcome of the trial and appeal, as well as the language of the final judgment, are uncertain at this point.

Attorney General James is seeking a lifetime ban for Donald Trump from the real estate industry nationwide, along with a five-year ban for his sons, Eric Trump and Donald Trump Jr. It is unclear if the ban sought by the Attorney General's Office applies only within the state of New York or has a wider scope.

Colleen Faherty, a lawyer in James' office, submitted a letter to Judge Engoron requesting that he permanently bar Trump from working in the real estate industry based on the appeal court decision in the case of Martin Shkreli, who was banned for life from the pharmaceutical industry and fined over $60 million.

Judge Engoron had previously ruled in September that Trump and his sons, as well as their businesses and executives, committed fraud by exaggerating the value of their real estate assets. The court is set to decide on six other accusations, including falsifying business records, insurance fraud, and conspiracy claims.

As the trial concluded on January 11, Judge Engoron aims to hand down a ruling on January 31, which will not only decide the punishment for the accused but could potentially carry far-reaching consequences for Trump's future involvement in the real estate industry within New York.