Categories
Crime Money

One Of Trump’s Biggest Financial Crimes Just Caught Up With Him

If there’s one thing we know about Donald Trump, it’s that he’s a pathological liar. He lies about everything imaginable, even when he’d be better served by the truth.


One of the things Trump has lied about repeatedly over the years is money. More specifically, his net worth and his overall financial holdings, which are now under scrutiny thanks to some excellent reporting from David Fahrenthold of The Washington Post, who has exposed Trump’s financial lies. And that could well lead to criminal charges against Trump, the Trump organization, and members of the Trump family:

In particular, Trump was fond of inflating what he owned and his outstanding debts so he could get new loans from banks, and that means he was engaging in bank fraud, which is a very serious federal offense:

“These documents sometimes ran up to 20 pages. They were full of numbers, laying out Trump’s properties, debts and multibillion-dollar net worth.

“But, for someone trying to get a true picture of Trump’s net worth, the documents were deeply flawed. Some simply omitted properties that carried big debts. Some assets were overvalued. And some key numbers were wrong.”


That’s textbook fraud, and it has now become a matter of great interest to Congressional committees and prosecutors in New York:

“Investigators on Capitol Hill and in New York are homing in on these unusual documents in an apparent attempt to determine whether Trump’s familiar habit of bragging about his wealth ever crossed a line into fraud.

The statements are at the center of at least two of the inquiries that continue to follow Trump, unaffected by the end of special counsel Robert S. Mueller III’s investigation. On Wednesday, the House Committee on Oversight and Reform said it had requested 10 years of these statements from Trump’s accounting firm, Mazars USA.”

 


At a campaign rally in Grand Rapids, Michigan, recently, the president bragged that he’d been cleared by the Mueller report:

“After three years of lies and smears and slander, the Russia hoax is finally dead. The collusion delusion is over.”

Of course, that’s just another lie. The Mueller report did not exonerate Trump in any manner whatsoever. The only reason he wasn’t indicted is because of an obscure Justice Department memo saying a sitting president can’t be indicted.

So while Trump may be claiming victory, the money trail is about to expose him as the grifting liar he’s always been. And that could well spell doom for the entire Trump family.

By Andrew Bradford

Proud progressive journalist and political adviser living behind enemy lines in Red America.

One reply on “One Of Trump’s Biggest Financial Crimes Just Caught Up With Him”

Leave a Reply

Your email address will not be published. Required fields are marked *