Is Donald Trump’s fate in danger after a fraud prosecutor’s trial?


Michael Cohen, a former attorney, financial aide and now Donald Trump’s prosecution witness, believes the fraud lawsuit filed Wednesday by New York State Attorney General Letitia James against the former president is “going to wipe out the entire company.” Is.” “Republican Leaders Real Estate.

The head of the public ministry in the Big Apple has accused Trump, as well as his three eldest sons and the group’s chief executives, Alan Weiselberg and Jeffrey McConkey, of “illegally inflating net worth”. The organization called Trump “in the billions of dollars” to “enrich himself unjustly, lie to the system and thereby deceive us all.”

read also

fernando garcia

The deception would involve overvaluation of the group’s assets to attract investors and obtain tax and credit benefits.

The lawsuit involves a request from Trump for compensation to the state in the amount of $250 million. But, in an interview to the NBC network on the same Wednesday, Cohen said it expected that figure to rise to around 750 million when investigators uncover the full fraud plot.

The lawsuit involves Trump seeking $250 million in compensation to the state, but Cohen believes that amount will triple.

In a public presentation of his civil action to the media, Prosecutor James indicated that his investigation began as a result of explosive testimony that Cohen gave before Congress three years earlier about the activities of the Trump Organization.

“When James mentioned my name, I was obviously quite excited to see that I was finally getting recognition for what I’ve been demanding from the top of the mountains for three and a half years, and that That the Trump Organization is a criminal. Enterprise and Dear Donald threw me under the wheels of the bus.

read also

fernando garcia

Donald Trump during the rally as he performs Friday, August 5, 2022 in Waukesha, Wisconsin

Four years ago, Michael Cohen, who had served as Trump’s personal adviser and even vice president of his business group since 2006, was charged with tax evasion in the presidential campaign and violation of rules on electoral funding. Was sentenced to three years in prison. 2016 elections. The lawyer, who was deeply involved in the suspected case of Trump paying porn actress Stormy Daniels, finally served a year and a half in prison.

Speculation about the risk of running out of the former president’s fortune goes beyond Cohen’s opinion and the New York prosecutor’s fraud trial. For starters, the Trump Organization is set to stand trial in New York next month on criminal charges of tax evasion, in a parallel case with James, which could cost him millions of dollars.

read also

fernando garcia

Donald Trump during a recent rally in Wilkes-Barre, Pennsylvania

That second case potentially includes several others, including an indefinite number of individual lawsuits for damages in the January 6, 2021 attack on the Capitol, and all of which could damage the leader’s finances.

as stated in new York Times John Poto, a business law professor at the University of Michigan, says “Trump’s companies face serious litigation risks” and are exposed to “great financial liabilities” as a result.

Cohen Isn’t Bitten: “The Trump Organization Is A Criminal Enterprise And Dear Donald Threw Me Under The Wheels Of The Bus”

On the other hand, other experts believe that Trump and his business groups could weather the storm. And they cite the millionaire profits that the former president’s organization earned last May with the sale of the Trump International Hotel in Washington for $375 million.

The company also continues to collect revenue from some of its commercial real estate projects; Other hotels still in Trump’s hands have recovered from the damage in the pandemic, and his golf clubs are on the rise as well.

read also

fernando garcia

Republican primary tomorrow in Wyoming, where Trump is expected to win

Brown, a finance professor at Northwestern University’s Kellogg School of Management, believes prosecutor James’ trial may be “painful” for the Trump family but manageable through the liquidation of some of their assets.

The former US president does not find it easy to eliminate neither politically nor financially. The law, however, does not seem to be in his favor. The fence tightens.

Source link


Please enter your comment!
Please enter your name here