Criminal Fraud Investigation Into Trump Org Could Result in Jail Time for Trump’s Kids
One day after was it revealed that Donald Trump is considering preemptive pardons for himself all of his main adult children, Ivanka’s husband, Jared Kushner, and Rudy Giuliani, the Trump Organization is once again in the spotlight for possible money laundering in connection with Felix Sater. There are currently two New York state fraud investigations into Trump and his businesses, which have expanded to investigate consulting fees that may have been paid to his daughter, Ivanka Trump, who is not the focus of either of the investigations. But given the seriousness of the criminal probe and future investigations that might follow, it is easy to see why the White House is discussing preemptive pardons: the three eldest Trump children could end up convicted felons or in jail.
The other investigation found that businesses at properties owned by the Trump Organization and Kushner’s family reportedly received more than two dozen Paycheck Protection Program (PPP) loans worth more than $3.65 million. The PPP program, launched in April as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, was meant to provide support and relief to small businesses impacted by health restrictions and lockdown measures amid the coronavirus pandemic.
An analysis by NBC News of Small Business Administration (SBA) data released Tuesday night found that millions of dollars were given to businesses located at Trump Organization and Kushner Companies properties that pay rent to the two companies. NBC reported that 15 of those properties self-reported that after receiving the PPP loans, they kept only one employee, did not keep any employees, or did not report how many workers they retained.
Despite not being the focus of the investigations, any criminal indictment of the Trump Organization and its officials will be a public indictment of sorts for Ivanka Trump, who could be charged in New York once Trump’s term ends on January 20, 2021. However, don’t put it past her to flip on her brothers and father. And while Eric Trump has already sat for a deposition with New York State Attorney General Letitia James and invoked his 5th Amendment rights throughout, he’s not in the clear. James has said on many occasions that she’s ready to prosecute the Trump family and its many associates.