How Trump just “scrambled” himself in the New York fraud case

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An ongoing fraud investigation in New York could “get an economic wrecking ball” on former president Donald Trump’s company, according to a legal analyst.

Tristan Snell, a former assistant attorney general in New York, appeared on MSNBC on Thursday to discuss a report that the state AG office is seeking a Jan. 7 deposition from the former president as part of its civil investigation into potential fraud within the Trump Organization.

Snell said he believes the report suggests that someone from Trump’s company was working with the AG’s office and testifying against him.

However, Snell added that he believes the backbone of the case is the evidence contained in the documents. He pointed to a recent report from the Washington Post showing that the Trump Organization reported the value of one of its assets to lenders as $ 527 million, months before telling tax authorities it was only worth $ 16.7 million. .

“That’s a 3,300 percent difference between what they reported to a lender and what they reported to the tax authorities,” Snell said. “These numbers really speak for themselves. Donald Trump doesn’t need anyone to snitch him. He snitched to himself on how wide of a disparity that is.”

Snell added that many people are “sleeping” in the civil investigation because they want to see Trump incarcerated on criminal charges.

“However, it could take an economic wrecking ball to the Trump Organization,” he said. “It could mean hundreds of millions of dollars in back taxes, fines, other fees he might have to pay to the state as well as to the lenders he cheated on, so it could cause havoc for him in finance. “

Snell said the New York AG’s civil investigation – along with a separate criminal investigation led by the Manhattan district attorney – could be a “one -two punch” for the former president. He added that the AG’s request for a deposition indicates that the civil case is “really far away.”

“We’re not going to bring someone in for this kind of testimony – 90 percent -plus of this case has already been built,” Snell said. “Trump will take it from both directions on this one.”

Watch below.

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