At the dawn of Donald J. Trump’s presidency, his family business appeared poised for a windfall: It unveiled new hotel lines, held ribbon-cuttings around the world and attracted major tournaments to its golf clubs, enough for Eric Trump, who ran the company while his father was in the White House, to remark, “The stars have all aligned.”
Five years later, those stars have faded. The former president’s company, grappling with legal and political scrutiny, has halted its expansion to concentrate on its existing properties. It even sold the Trump hotel in Washington, once the center of the MAGA universe.
This week will drive home that stark reversal of fortune as the company faces a highly public reckoning: a criminal trial in Manhattan, where the district attorney’s office will accuse it of tax fraud and other crimes.
Although Mr. Trump himself was not indicted, he is synonymous with the company he ran for decades, a business that bears his name and served as a launching pad for his presidency.
The trial in State Supreme Court will present an embarrassing scene for the former president, pushing to the forefront one of several criminal investigations swirling around him.
This case centers on special perks doled out by the former president’s business, the Trump Organization, which comprises a universe of more than 500 corporate entities. Last year, the district attorney’s office accused two of those entities — The Trump Corporation and Trump Payroll Corp. — of awarding...
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