Thu March 30, 2023-In a major development, former US President Donald Trump has been indicted by a Manhattan grand jury on more than 30 counts related to business fraud. This is the latest legal setback for Trump, who has faced a number of investigations and lawsuits since leaving office earlier this year.
The grand jury indictment was announced on Thursday, and includes charges of tax fraud, bank fraud, and insurance fraud. According to the indictment, Trump and his company engaged in a years-long scheme to defraud banks and other lenders by misrepresenting the value of his properties and inflating his net worth.
The charges are the result of a two-year investigation by the Manhattan district attorney’s office, which has been looking into Trump’s business dealings for several years. The indictment comes after the Supreme Court ruled earlier this year that Trump could not block the release of his tax returns and other financial records.
The indictment marks a major escalation in the legal battle between Trump and the Manhattan district attorney’s office, which has been investigating his business dealings for several years. It is also a significant blow to Trump’s political ambitions, as he has been considering a run for the presidency in 2024.
In a statement, Trump called the charges “a continuation of the greatest witch hunt in American history” and said he was confident he would be vindicated. However, legal experts say that the charges are serious and could result in significant prison time if Trump is convicted.
The indictment also raises questions about the future of Trump’s business empire, which has been hit hard by the COVID-19 pandemic and a decline in his political fortunes. Some experts believe that the charges could make it difficult for Trump to raise money and do business in the future.
The indictment is also likely to have political ramifications, as it could impact Trump’s ability to fundraise and support Republican candidates in the 2022 midterm elections. Some Republican lawmakers have already distanced themselves from Trump in recent months, and the charges could further erode his support within the party.
The charges against Trump are the latest in a series of legal and political challenges he has faced since leaving office. He has been sued by a number of women who have accused him of sexual assault, and he faces a separate investigation by the New York attorney general’s office into his business practices.
In conclusion, the indictment of Donald Trump on more than 30 counts related to business fraud marks a major escalation in the legal battle between the former president and the Manhattan district attorney’s office. The charges could have significant political and legal ramifications, and could impact Trump’s ability to fundraise and support Republican candidates in future elections. While Trump has called the charges a “witch hunt,” legal experts say they are serious and could result in significant prison time if he is convicted.
