On Tuesday, a New York jury found the Trump Organization guilty on 17 counts of tax fraud and falsifying records, and the company will now have to pay a $1.6 million fine for its crimes.
Small change for a man who claims to be worth billions, isn’t it? But that’s only the tip of iceberg for what else is about to happen to the failed ex-president’s company, which remains under investigation on multiple fronts.
Anti-corruption attorney Ben Gershman tells Politico the future of Trump Org. will be financial collapse in the very near future.
“The consequences could potentially be devastating for the company. The Trump Organization is now toxic. Nobody wants to touch them.
“They’re going to be totally unable to obtain financial support from any responsible financial institution. I’m thinking of loans, I’m thinking of mortgages, I’m thinking of insurance. They’re not going to be able to get any government support, financing and contracts and so on because they’re a convicted felon.”
The 17-count conviction also makes it more likely that Trump and his company will be found guilty in other courts, according to former Manhattan District Attorney Cy Vance:
“This is the first of what I think are going to be a number of jury verdicts rendered around the former president’s inner circle and his family business. This really is his brand. That brand has now been found guilty of systemic tax fraud.
“Others who have legitimate investigations, I think, will see that criminal cases can be brought and can be won. I think that was always the big question mark, and that question has now been answered.”
Trump has announced his intention to run for another term as president, probably because he believes that if he wins he can be shielded from any lawsuits, but his chances of winning in 2024 are decreasing each day as new allegations arise against him.
The perfect karmic justice for the entire Trump family would be with them in prison and broke.
