A partial summary judgment handed down last week has already found him liable for fraudulently manipulating the value of his assets to secure loans.
Now a civil trial into the former president’s business operations is set to start in New York to iron out other issues – and figure out the penalty.
Onlookers have suggested he could stand to lose his real estate empire.
“This is not only the main company now going into the receivership, but there are hundreds of other subsidiary companies that additionally will ultimately go as part of the receivership,” he said.