Trump's financial assets and political return at stake: Family business could go bankrupt for alleged tax evasion

Trump’s financial assets and political return at stake: Family business could go bankrupt for alleged tax evasion


However, Trump angrily denounced both investigations.

“The case is an extension of the “witch hunt” the Democrats are waging against me, he said on Monday. The Trump Organization has only implemented standard practices across the US business community. “They will do everything to stop the MAGA movement and me,” he said.

On the other hand, Trump’s loss of power in Washington now deprives him, his family and company of the legal protections he enjoyed while in the White House.

For example, the District Attorney General of the District of Columbia has sued the Trump Organization and the presidential inaugural committee, alleging that Trump spent more than $1 million on the use of the event space at his hotel in Washington when he officially took over as president.


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