


“Unfortunately, he's not the financial wizard that he makes himself out to be.” To which Jong-Fast asks, “Can he borrow it from Jared?” 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.” “A lot of these kinds of white collar crimes are settled, and they're settled out for large financial settlements. 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. “Will he go to jail for, like, the rest of his life? Probably no. Not only is that insurance fraud and bank fraud, but that could affect those loans,” Michaelson adds. And then he deflated his worth in order to save on taxes. “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 and also to get loans from Deutsche Bank. “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,” Daily Beast legal analyst Jay Michaelson tells Molly Jong-Fast on the latest edition of The New Abnormal. The Supreme Court turned down Trump’s final appeal, and that means his accounting firm has to turn over his tax records and business documents to Manhattan District Attorney Cy Vance ASAP.

The kind of charges that might lead to the former president going to jail. He treated the government like a get-rich-quick-scheme and his most ardent followers like marks.īut now, Donald Trump could be facing serious criminal charges. Orange Is the New Orange: Trump Just Might Go to Jailįor years, he’s gotten away with it.
