A New York prosecutor gave Donald Trump and his Trump Organization a Monday deadline and made closing arguments as to why the company should avoid criminal accusations. This is the latest major step in the extensive criminal investigation of the former president’s financial transactions.
Manhattan District Attorney officials told the Trump Organization earlier this week that they mishandled benefits such as “fringe benefits,” car leasing, apartments, and school tuition fees distributed to top executives. He said he was considering filing a criminal prosecution. report New York Times.. Independent I contacted the Trump organization for comment.
If DA’s office, which is investigating the former president’s business empire in collaboration with the New York State Attorney’s Office, passes the indictment, it could have a devastating impact on Mr. Trump’s earnings. According to Daniel Goldman, a lawyer who worked on both impeachment of Trump, it is likely to cause a financial spiral that ends in bankruptcy.
“It’s interesting and not surprising to tell them that they’re approaching the Trump Organization and are considering charging them as it’s almost a deadly blow to the Trump Organization,” Goldman said. He told MSNBC.
“If the Trump organization is prosecuted, all banks will call for loans. Not all banks will do business with the indicted company. Trump organization has enough capital to pay off all the loans. There is no way to have them. They will be the default for virtually all loans and will certainly have to go bankrupt. “
Earlier this year, Manhattan’s DA Cyrus Vance, Jr. Convened a grand jury in Manhattan to consider the alleged investigation, but it has not yet been submitted.
The investigation, which the former president repeatedly branded as a politically motivated “witch hunt,” has been ongoing for three years and is investigating various questions. The main ones are whether Mr. Trump manipulated the value of his assets to obtain favorable loans and insurance terms, and the 2016 president to a woman who claims he has something to do with him. Whether you violated the law of distributing hash money payments during the election.
His former lawyer and amendment, Michael Cohen, has already been convicted of paying hash money and is working with DA’s office. The prosecutor also went to the Supreme Court to secure Mr. Trump’s personal and business tax returns.
The company denied cheating.
“In more than 50 years of practice, I’ve never seen the district attorneys target the company for employee compensation and benefits,” said Trump’s personal lawyer, Ronald P. Fishetti. Told. Times on Friday. “That’s ridiculous and ridiculous.”
“It started the day I got off the Trump Tower escalator, and it never stopped,” Trump said in a news release about last month’s survey.
The focus on fringe benefits could be an attempt to put pressure on Allen Weisselberg, the top executive of the Trump organization responsible for the company’s finances, to ensure cooperation in the investigation.
New York Survey: The Trump Organization has given a deadline to convince the New York DA not to sue on Monday
Source link New York Survey: The Trump Organization has given a deadline to convince the New York DA not to sue on Monday