Massive fraud for Trump: A legal matter concerning Trump’s business realm recently made headlines, though some legal analysts argue it warrants further scrutiny.
According to a recent report by Raw Story, co-founders of Donald Trump’s media venture have leveled accusations against the former president, alleging he plotted to exclude them from a stake in the company, which could potentially be valued at millions of dollars.
Trump Media & Technology Group, which owns Trump’s Truth Social platform, is trying to merge with a special purpose acquisition company called Digital World Acquisition and go public, and the co-founders say they are being ripped off for their share of the proceeds.
Although it may appear to be a typical civil lawsuit, certain experts have raised concerns about the significance of this particular case.
Democratic political strategist Simon Rosenberg took to social media to emphasize the gravity of the situation, labeling it a “HUGE STORY.” He underscored the allegations against Trump, noting that he’s accused of committing new crimes and a substantial fraud, allegedly perpetrated by his loyal business associates.
Former federal prosecutor Elizabeth de la Vega echoed similar sentiments, highlighting the potential for new criminal charges and a substantial fraud scheme involving Trump.
Alex Wagner, host of “Alex Wagner Tonight,” raised the issue on her show last Friday and further discussed it in a written post on MSNBC on Saturday.
In her post, she highlighted the co-founders’ accusation that Trump is attempting to deprive them of their rightful share of the company, especially as it approaches its public offering, potentially yielding Trump billions if he manages to offload his shares. Wagner emphasized that the lawsuit filed by the co-founders poses a threat to Trump’s anticipated financial gain, which he sorely needs at this juncture.
Wagner underscored Trump’s financial predicament, noting his substantial debts stemming from both civil fraud and defamation lawsuits, which exceed half a billion dollars.
However, not everyone views the situation with the same level of concern. Retired tax law specialist Bruce Duck questioned the severity of the issue, asking where the fraud lies in the matter.
Duck expressed his skepticism, stating that while he hopes Litinsky and Moss succeed in their lawsuit, he doesn’t perceive any criminal violations that would prompt the Department of Justice to indict anyone. He also dismissed Simon Rosenberg’s dramatic portrayal of the situation as unwarranted.
Elizabeth de la Vega echoed Duck’s sentiment, accusing Trump of perpetrating new crimes and massive fraud.