Daily Beast: For years, he’s gotten away with it. He lied. He cheated. He treated the government like a get-rich-quick-scheme and his most ardent followers like marks.
“Trump’s lawyers will always come up with something, but there should be no reason why the grand jury won’t get these financial records tomorrow,” @Jay Michaelson tells @MollyJongFast on the latest edition of the @newabnormalpod https://t.co/m4NW5mG2EA
— The Daily Beast (@thedailybeast) February 24, 2021
But now, Donald Trump could be facing serious criminal charges. The kind of charges that might lead to the former president going to jail.
“Basically, what we all know happened was Trump inflated the value of his business when it suited him, which is in order to get on the Forbes list [of richest people] and also to get loans from Deutsche Bank. And then he deflated his worth in order to save on taxes. So that’s illegal… Not only is that insurance fraud and bank fraud, but that could affect those loans,” Michaelson adds.
“Will he go to jail for, like, the rest of his life? Probably no. Is it possible that this would lead to criminal charges that would carry jail time? I would say that’s pretty likely, and we could have a grand jury indictment fairly soon,” Michaelson continues.
“A lot of these kinds of white-collar crimes are settled, and they’re settled out for large financial settlements. In this case, I’m not sure that Cy Vance is interested in settling with Donald Trump—even if Donald Trump could afford the fines that he would have to pay, which I don’t think he can.”
To which Jong-Fast asks, “Can he borrow it from Jared?”
“Unfortunately, he’s not the financial wizard that he makes himself out to be.”
“Wait. But Jared made $200 trillion.” read more, paywall…