If you kill the Trump Organization, basically you kill the Trump family's means of a rather extravagant high-profile and lavish lifestyle. — Randy Zelin, a defense attorney at Wilk Auslander LLP and former New York state prosecutor
If you kill the Trump Organization, basically you kill the Trump family's means of a rather extravagant high-profile and lavish lifestyle. — Randy Zelin, a defense attorney at Wilk Auslander LLP and former New York state prosecutor
How charges against the Trump Organization could cramp Donald Trump's high-flying lifestyle
  • Donald Trump wasn't charged in Thursday's indictments against his company and its CFO.
  • But the charges will still give him financial headaches, legal experts say.
  • Trump's personal finances are closely entwined with the company's, which now may hemorrhage deals.
Former President Donald Trump was not personally charged in Thursday's 15-count indictment against the Trump Organization and its CFO, but he is not out of the woods yet.

The Manhattan District Attorney's investigation is ongoing, and prosecutors still appear to be interested in Trump's personal role in possible tax fraud schemes. Cary Dunne, a prosecutor in the case, blasted Trump in court Thursday for downplaying the charges and said the alleged crimes were not "the act of a rogue or isolated employee." The indictment also said the former president personally signed checks that were under scrutiny.

While it may not be immediately evident, the 15-count indictment also is likely to hit the former president's wallet.

Trump's personal finances are closely entwined with the Trump Organization's. His high-flying lifestyle — living in his Mar-a-Lago estate in Florida, using his private jet, makeup and hairstyling — have all been categorized as business-related tax deductions, according to a New York Times analysis of his tax returns.


CFO Allen Weisselberg and Trump's two oldest sons, Donald Jr. and Eric, have led day-to-day operations at the Trump Organization ever since the former president relinquished some control in 2017. But Trump still holds vast power and on-paper oversight, and he remains an owner and shareholder of the company.

"If you kill the Trump Organization, basically you kill the Trump family's means of a rather extravagant high-profile and lavish lifestyle," Randy Zelin, a defense attorney at Wilk Auslander LLP and former New York state prosecutor, told Insider.
Read the full article: https://www.businessinsider.com/trump-organization-charges-could-cramp-donald-trumps-lifestyle-2021-7