Outcome of Trump\u2019s Fraud Trial Could Jeopardize Future of the Trump Organization

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Outcome of Trump\u2019s Fraud Trial Could Jeopardize Future of the Trump Organization
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New York AG Letitia James is asking for a permanent ban on Trump family members running a business in the state.

We get an update on Donald Trump’s civil fraud trial with Pulitzer Prize-winning investigative reporter David Cay Johnston. New York Attorney General Letitia James is seeking to fine Trump $250 million and is asking for a permanent ban on Trump family members running a business in New York. The outcome of the trial could put the future of the Trump Organization in jeopardy.

Trump voluntarily attended the first three days of the trial. During comments to the press, he repeatedly attacked New York’s Attorney General Letitia James for bringing the fraud case against him. On Monday, Trump assailed James, who is African American, as a “racist” and called the trial judge, Arthur Engoron, a “disgrace.” On Wednesday, James denounced Trump’s comments.

To talk more about the opening week of the trial, we’re joined by David Cay Johnston, Pulitzer Prize-winning investigative reporter who’s reported on Trump for decades. He’s the author of three books on Trump, including. Johnston is also a distinguished visiting lecturer at Syracuse University College of Law.

David, it’s great to have you back with us. If you can start off by talking about the significance of this trial for Donald Trump? I mean, this is a civil trial. He didn’t have to show up, though he falsely alleged he was being forced off the campaign trail to show up for this trial.Well, unlike the four separate criminal indictments, where Donald is at risk of incarceration, going to jail, this is a civil trial. But Donald Trump is his money.

In this trial before Judge Engoron, Donald has had all of his business licenses revoked. The Trump Organization, his eyes-wide-open blind trust he created when he became president, and the at least 500 Trump legal entities, mostly limited liability companies, no longer have business licenses. And you cannot do business without a business license.

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