The New York Times recently reported that the Trump family tax fraud has opened up a slew of probes into several states and may potentially lead to Trump owing hundreds of millions of dollars. Unfortunately, the reality of the situation is that Trump or anyone in his family will most likely not be charged with any crimes — however, it is possible that they may owe so much money that the empire that Trump has built may have to be liquidated to pay significant debts.
New Yorker magazine took a close look at Trump’s fraud, with the news publication’s Adam Davidson revealing how deep the “criminal enterprise” ran by Trump’s father, Fred Trump, went and how his heirs could find themselves face to face with financial difficulties. According to Davidson, the story that first revealed Trump’s tax fraud was just the beginning of the saga. During an interview with MSNBC, Davidson had this to say:
It’s not that they found one time there was massive fraud. What they found is at the core of the Trump Organization was decades and decades of unimaginably blatant fraud, creating false companies to pretend to buy hundreds of, millions and millions of dollars worth of equipment. It also shows that Donald Trump himself added virtually no value to the company.”
He also hinted on how Democrats can blow the lid on Trump’s tax fraud at the state level.
Trump’s businesses in New York, New Jersey, Florida, California, Virginia — these are states that either likely will have or could well have Democratic attorneys general who have every right to seek both criminal investigations for tax fraud as well as to start reclaiming money. If Democrats win a majority in the U.S. House of Representatives, they will be able to direct investigations—and issue subpoenas— concerning many potential Trump federal crimes also.”
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