The New York prosecutors have given the lawyers of the former president of the United States until today, Monday, Donald Trump, so that they respond with final arguments as to why they should not be file criminal charges against your family business. This has been reported by the ‘Washington Post’, which quotes two people familiar with the matter, and they explain that the deadline was another strong signal that the Manhattan district attorney, Cyrus Vance, and the attorney general of New York, Letitia James, are considering criminal charges against the company.
On Friday, the ‘New York Times’ reported that Vance could announce charges against the Trump Organization and its chief financial officer, Allen Weisselberg, next week. Any criminal charge would be the first in Vance’s investigation of Trump and his businesses.
Legal experts have said that an indictment against the Trump Organization could bankrupt the company by undermining its relationships with banks and other business partners.
Vance’s office has said it was investigating “possibly extensive and prolonged criminal conduct” at the Trump Organization, including tax and insurance fraud and falsification of business records.
Charges may not be filed. However, Vance’s research could complicate any return to Trump politics, who has lost some of his ability to communicate publicly after being permanently banned from Twitter and suspended for two years by Facebook.
The court filings and records cited in the investigation show that Weisselberg and his son Barry have received corporate gifts and benefits worth tens or hundreds of thousands of dollars in their years associated with the Trump Organization. If they didn’t properly account for that money on tax returns and other financial filings, they could be in legal jeopardy, legal experts have said.
James’ office has been investigating whether the Trump Organization inflated the values of some properties to obtain better terms on loans and lowered their values to obtain property tax breaks.