Political scientists and lawyers agree that Donald Trump’s legal problems are now insurmountable, and that they may put an end to the former president’s aspirations of a successful election return.
On Wednesday, Trump and three of his adult children were charged with engaging in a “staggering” fraud scheme in which they habitually misrepresented the worth of Trump’s properties to tax authorities, lenders, and insurers in order to benefit themselves.
While the FBI is looking into whether Trump illegally kept classified materials at his Mar-a-Lago home in Florida, a special grand jury in Georgia is investigating if Trump or his allies tried to influence state election authorities following his loss to Joe Biden in that state.There have been numerous hints from the former US president that he will make another run for the presidency in 2024. That effort, though, might be derailed by the wave of criminal, civil, and congressional probes.
Professor of history at American University in Washington, DC, Allan Lichtman, who has correctly predicted every presidential election since 1984, said, “He’s done.” Despite the fact that he may be able to avoid jail and insolvency, he still carries too much weight to be able to run again. In my opinion, he probably won’t make it out of prison alive.
After a three-year inquiry, New York Attorney General Letitia James charged that Trump presented fake net worth statements and asset values to gain loans, insurance benefits, and cheaper taxes. Offspring Don Jr., Ivanka, and Eric were also designated defendants.At a news conference, James riffed on Trump’s 1987 memoir and business how-to book The Art of the Deal.
“This inquiry demonstrated that Donald Trump engaged in criminal activities to inflate his net worth and deceive banks and New Yorkers.” Claiming money you don’t have isn’t “the art of the bargain.” She added, “It’s the art of theft.”
Her agency demanded the former president pay $250m in penalties and bar his family from owning enterprises in the state.James can’t file criminal charges against Trump in this civil inquiry, but she referred fraud suspicions to federal prosecutors in Manhattan and the IRS.
Trump repeated his defense that the suit is “another witch hunt” against him and called James, who is Black, racist on his Truth Social platform, calling her “a fraud who campaigned on a ‘get Trump’ platform, despite the fact that the city is one of the crime and murder disasters of the world under her watch!
But detractors say the complaint strikes at Trump’s self-portrayal as a successful property developer who made billions, hosted The Apprentice, and promised to apply his financial acumen to the presidency.
James riffed on Trump’s 1987 memoir The Art of the Deal at a news conference.
This inquiry revealed Donald Trump engaged in criminal activities to inflate his net worth and deceive banks and New Yorkers. Falsely claiming to have money isn’t ‘the art of the bargain’ It’s stealing, she said.
Her agency demanded the former president pay $250m in fines and prevent his family from owning enterprises in the state.
The civil component “involves matters of specific significance to Trump, his family, and his organization, namely their ability to swindle the public, banks, and insurance companies and to continue to subsist through corruption,” says Harvard law professor Laurence Tribe. Without corruption, Trump’s company would breakdown.
“Trump is probably more concerned with this than with wearing an orange jumpsuit and answering a criminal indictment,” Tribe said. This will bring Trump more sleepless nights than nearly anything else.No former president has faced so many probes. FBI investigators searched Mar-a-Lago last month and collected classified materials. Trump may be indicted for breaching the Espionage Act, obstructing an investigation, or misusing official records.
As he routinely did in business, Trump obstructed justice. He gained time by having a judge, Raymond Dearie, check the materials. Dearie isn’t a yes-man, though. Tuesday, he told Trump’s lawyers, “You can’t have it all.”
The ex-president is also under investigation in Georgia for trying to sway the 2020 election.
The justice department is investigating his role in the deadly attack on the US Capitol by his followers on January 6. Its efforts have been strengthened by a House committee whose hearings continue next week.