The Trump Organization has been closed in on prosecutors from New York from their family business’ actions.
If the accusations and case goes through, it would be a “death blow” to the company, says an impeachment lawyer.
Manhattan District Attorney’s office had officials that informed the organization that they are filing for criminal charges. These charges involve mishandling “fringe benefits,” and there are executives that are accused of being handed advantages for car leases, school tuitions, and even apartments.
If the charges come through, then it will be the cherry on top for the end of Trump’s business and legacy. It will cause him to fall into a bankruptcy says Daniel Goldman, who has worked on both of the Trump impeachments.
Goldman tells sources that “it’s interesting and not surprising that they would approach the Trump Organization to tell them that they’re considering to charge them because that would be almost a death blow to the Trump Organization”.
“Every single bank would call their loans if their Trump Organization is indicted. No bank will ever do business with an indicted company. There’s no way that the Trump Organization has enough capital to pay off all their loans. They would be effectively in default of all their loans and would also certainly have to go into bankruptcy”.
In the investigation notes, it is said that the former president has branded a politically motivated “witch hunt” over the past three years.
There are many questions on whether Trump had manipulated the value of his assets in order to get loans and insurance or whether or not has also violated laws for handing out money during his campaign back in 2016. His former lawyer and fixer, Michael Cohen, has been convicted because of his connections for these accusations.
It is said that Cohen helped with “hush money payments” while being in connection with the former president. The prosecutors working on the case have pushed it all the way to the Supreme Court level.
Ronald P Fischetti, a personal lawyer for Trump, comments: “In my more than 50 years of practice, never before have I seen a district attorney’s office target a company over employee compensation or fringe benefits. It’s ridiculous and outrageous.”