Trump Implicated in “Potential Bank Fraud and Insurance Fraud in New York” says Senator Blumenthal

Since nearly day one of his presidency, Donald Trump has been concerned about the Mueller Investigation. That investigation, however, is only concerned with potential Russian collusion.

Trump Fraud
Photo by Tom Brenner/Getty Images

Michael Cohen’s testimony from last week showed that the president may have much more to worry about in New York City. Senator Richard Blumenthal said as much during an interview on Thursday morning.

According to Blumenthal, “Obviously, Michael Cohen’s testimony last week opened a Pandora’s box for Mr. Trump, because it implicated him in potential bank fraud and insurance fraud in New York.”

This follows along with Congresswoman Alexandria Ocasio-Cortez’s questioning of Cohen last week. Ocasio-Cortez asked the former Trump lawyer, “Do you think we need to review his financial statements and his tax returns in order to compare them?”

“Yes,” Cohen replied, “and you would find it at the Trump Org.” The lawyer also gave the names Allen Weisselberg, Ron Lieberman and Matthew Calamari for the committee to follow up with.

The Southern District of New York certainly has those names already. The fact that Cohen was so transparent about potential financial crimes does not bode well for the president.

An investigation in New York City could potentially create much more trouble than a federal one. While Republicans and Attorney General, William Barr, may be able to limit the damage from Mueller’s investigation they would not be able to impede on taking place on a state level.

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