Manhattan District Attorney Cy Vance’s criminal charges against the Trump Organization don’t just create legal jeopardy for the former president’s company. They also could damage its business interests — regardless of whether or not a jury ultimately finds the company guilty.
One of the biggest risks involves the company’s debt — and the Trump Organization’s debts are reportedly immense.published in October 2020 calculated that Trump owes his creditors at least $1 billion. A spokesperson for Trump did not immediately respond to a request for comment. “I’m sort of on the side of, I doubt this is the death of the Trump Organization,” said Roiphe, who is now a New York Law School professor.
“Even if they are ultimately acquitted, they’re going to have to spend a lot of time and money on their defense,” she told POLITICO. “And if they are convicted it could mean substantial fines that could make them less able to repay loans.” For now, the Trump Organization and its chief financial officer, Allen Weisselberg, are denying the accusations. And former president Donald Trump fired off two short statements on Thursday decrying Vance’s indictment as a political witch hunt.
You write this whole article and don’t even mention the potential charges. If you mentioned them people would laugh because the CFO didn’t report employee benefits on his tax return