Charges against Trump corporation? Prosecutors set deadline

Charges against Trump corporation?  Prosecutors set deadline

Although he is no longer in office, ex-US President Donald Trump makes it into the headlines again and again. Now it’s about his company: The decision should be made by this afternoon whether charges will be brought.

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Donald Trump is no longer in the White House – but the former US President is still causing a stir. This time it’s about his company: As the US newspaper “Washington Post” reported, the pressure on the Republican’s companies is growing enormously. The lawyers of the “Trump Organization” have until this afternoon to explain why no charges should be brought as part of the investigation into financial transactions. Then the public prosecutor’s office decides.

The deadline is a strong signal that Manhattan District Attorney Cyrus R. Vance Junior and New York Attorney General Letitia James are now working together. Both had previously examined Trump’s business for more than two years. They are now considering criminal charges against the company together.

Charges against the whole organization and chief financial officer

Earlier this year, Vance convened a grand jury in Manhattan to review possible charges. It is still possible that no charges will be brought. It is investigating whether Trump’s company has used misleading valuations of its properties to deceive lenders and tax authorities. In addition, there is a suspicion that no taxes were paid on fringe benefits for executives, it says in the report. Among other things, it is about the use of cars and apartments.

Under New York law, companies could be sued in addition to individuals. Last week, Trump’s lawyers met to justify why charges were not justified. Meetings like this are common in financial investigations. This would allow defense attorneys to present evidence before prosecutors decide whether to bring charges.

According to the Washington Post, the Trump Organization as a whole and its chief financial officer, Allen Weisselberg, should be indicted. He had previously refused to support the investigation.

Trump: “witch hunt” by the Democrats

Trump, who held several rallies on Saturday eveningTo increase his and future Republican election chances, his corporations still have a trust run by his adult sons and Weisselberg. During his time in the White House, he gave up the reins, according to the report. It is unclear what role he is now playing in the business.

Last month Trump called the investigation a “witch hunt” by the Democrats. They would want to affect his political future in this way. “It started the day I came down the escalator at Trump Tower and it never stopped,” Trump said in a press release, referring to the start of his presidential campaign in 2015.

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Author: Killian Jones
Graduated From Princeton University.He has been at the USTV since 2017.
Function: Chief-Editor

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