Earlier today, we learned that the Trump Organization “will be criminally charged” by this time next week, according to reports from the New York Times and NBC News.
In their report, NBC News noted:
“The Trump Organization is expected to be hit with criminal charges as soon as next week by Manhattan District Attorney Cy Vance’s office in a case that Trump attorneys say is tied to tax-related conduct, multiple people familiar with the matter tell NBC News.
“’It looks like they are going to come down with charges against the company, and that is completely outrageous,” Ron Fischetti, an attorney for the Trumps, said after the development was first reported by The New York Times.
“‘I’ve been practicing for over 50 years, and I’ve never seen a case like this.'”
If indeed the former president’s corporation — which is privately owned and controlled by him and his three eldest children, Don Jr., Eric, and Ivanka — winds up being charged with crimes such as bank and insurance, and tax fraud, it could prove disastrous for the Trumps and the company itself, which is reportedly on the edge of financial collapse.
Shortly after the news broke about the pending indictments, several experts weighed in on the matter.
Trump biographer Tim O’Brien said news that the Trump Organization will be charged is significant:
David Corn, the DC bureau chief of Mother Jones, noted the irony of Trump being destroyed for failing to pay his taxes is indeed rich considering the blood on his hands:
And NBC legal analyst Ari Melber predicted that criminal charges will bankrupt Trump and destroy his company:
No matter how you slice it, it certainly looks like karma is coming for Donald Trump, his family, and his allegedly corrupt corporation. It’s about damn time.