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DONALD TRUMP APPEARS IN COURT,makes dubious claims about court staff

Says court staff 'were crying' at his arrest

By Mate OpeyemiPublished 3 years ago 3 min read

Donald Trump, the 45th President of the United States, has been facing various criminal charges in recent years. The latest criminal charges against him include tax fraud, bank fraud, and insurance fraud.

On November 18th, 2021, the Manhattan District Attorney's office indicted Donald Trump and his company, the Trump Organization, on charges related to tax fraud and scheme to defraud. Specifically, the indictment accuses Trump and the Trump Organization of falsely inflating the value of their assets to obtain loans and tax benefits while simultaneously deflating their asset values to avoid paying taxes.

The charges stem from a lengthy investigation by the Manhattan DA's office into the financial practices of the Trump Organization, which began in 2018. The investigation was initially focused on hush-money payments made to two women who claimed to have had affairs with Trump, but it soon expanded to include a broader range of financial practices.

The indictment alleges that Trump and the Trump Organization engaged in a long-running scheme to defraud banks and other lenders by inflating the value of their assets. Specifically, the indictment accuses the defendants of providing false and misleading statements about the value of their real estate holdings to obtain loans and other financing.

The indictment also alleges that Trump and the Trump Organization engaged in a scheme to defraud the government by deflating the value of their assets in order to avoid paying taxes. Specifically, the indictment accuses the defendants of providing false and misleading information to tax authorities in order to reduce their tax liability.

If convicted, Trump and the Trump Organization could face significant fines and potentially even prison time. However, it is important to note that the defendants are presumed innocent until proven guilty, and that the legal process is ongoing

Tax Fraud:

The first charge against Trump is tax fraud. It is alleged that he has fraudulently avoided paying taxes on his income for many years. According to the New York Times, Trump paid only $750 in federal income taxes in 2016 and 2017, and no income taxes at all in 10 of the previous 15 years. The investigation is ongoing, but it is believed that Trump has inflated his expenses and undervalued his properties to reduce his tax liability.

Bank Fraud:

The second charge against Trump is bank fraud. It is alleged that he has committed bank fraud by providing false information to lenders in order to secure loans. This charge is related to the investigation into the Trump Organization's finances. The prosecutors are looking into whether the Trump Organization inflated the value of its assets to obtain loans and understated its debts.

Insurance Fraud:

The third charge against Trump is insurance fraud. It is alleged that he has committed insurance fraud by submitting false insurance claims. This charge is also related to the investigation into the Trump Organization's finances. Prosecutors are looking into whether the Trump Organization overstated the value of its properties to obtain lower insurance premiums and then submitted claims based on those inflated values.

These charges are serious and could result in significant penalties if Trump is found guilty. Tax fraud and bank fraud are both felony offenses that carry a maximum sentence of 30 years in prison and a fine of up to $1 million. Insurance fraud is also a felony and carries a maximum sentence of 10 years in prison and a fine of up to $10,000.

It should be noted that Trump has denied all of these charges and has called them politically motivated. He has also stated that the charges are part of a "witch hunt" against him by his political opponents.

In conclusion, the latest criminal charges against Donald Trump include tax fraud, bank fraud, and insurance fraud. These charges are serious and could result in significant penalties if Trump is found guilty. However, it is important to remember that everyone is innocent until proven guilty, and the investigation is ongoing.

capital punishmentguiltyinnocenceinvestigationjurycelebrities

About the Creator

Mate Opeyemi

I love writing what makes my viewers happy

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