The fraud charges are an opportunity for the GOP to find new leadershipThe Trump Organization, the company owned by former U.S. President Donald Trump, has been charged by authorities in New York state on 15 felony counts including for committing a scheme to defraud, conspiracy, grand larceny, criminal tax fraud and falsifying business records. Prosecutors have also brought charges against a “sweeping and audacious” fraudulent scheme involving the firm’s CFO taking more than $1.7 million in undeclared remuneration from the company for personal expenses. While Mr. Trump has not been charged in this legal salvo, it is possible that that might happen in the future, should the investigation determine that he engaged in criminal conduct. There are also indications that the indictment might be the tip of the iceberg in relation to the extent of the New York District Attorney’s investigation of the corporate practices of Mr. Trump and the Trump Organization. This hinted that what was originally suspected to be an inquiry into illicit payments made by Mr. Trump’s associates, prior to the 2016 presidential election, to two women who said they had affairs with Mr. Trump, had expanded into a far-reaching investigation relating to bank and insurance fraud.

Source: The Hindu July 05, 2021 18:22 UTC