“Racist and a crook”: Trump’s company is under criminal investigation

A criminal investigation was launched against the Trump Organization, the company of former U.S. President Donald Trump. Previously it was civil. The 45th American leader is suspected of manipulating assets for economic and tax benefits. The prosecutor’s office is scrutinizing the billionaire’s tax returns. All of this comes amid a possible prologue to Trump’s return to big politics.

The investigation began after the president’s former lawyer Michael Cohen, who worked for the Trump Organization for more than 10 years, told the U.S. Congress that the American leader manipulated assets: inflated the value of some properties to make profitable deals and underestimated the value of others to reduce the amount of tax on them. According to the lawyer, Trump has repeatedly provided false information to obtain economic benefits. “He’s a racist, a fraud and a crook,” Cohen said of his former client

In addition, Manhattan District Attorney Cyrus Vance began examining Trump’s financial records to see if the politician violated New York state laws.

The former U.S. president himself denies any wrongdoing, believing that this is politically motivated harassment. Trump’s attorneys point out that the case is being overseen by Letitia James, the attorney general of New York State and a member of the Democratic Party.

In late April, the case of former New York City mayor and Trump’s personal lawyer Rudy Giuliani began to unfold in the United States. His home and office were searched. The man close to Trump is suspected of violating the Foreign Agents Registration Act, trying to lobby Ukrainian businessmen in 2019, and using some politicians in Kiev to find dirt on Joe Biden’s son in the middle of the 2020 election campaign.