It’s Trump’s time to tell the truth, the whole truth and nothing but the truth
Donald Trump’s bad luck continues. On Thursday afternoon, Arthur Engoron, a Manhattan judge, gave the thumbs up to subpoenas issued to Trump, favorite child Ivanka, and Donald Trump Jr, by Tish James, New York’s attorney general. The court’s ruling follows a decision by Trump’s accountants to walk away from the one-term president and disavow years of financial statements issued by his company.
Much as the Trump trio tried, they could not shut down James’s investigation into the Trump Organization’s business practices, which could lead to a civil suit by James. Unlike a criminal prosecution, a civil action comes with a lower burden of proof for the government. At the same time, civil lawsuits can drag on – like right into 2024. Barring a stay, Trump and his two children have been ordered to appear at deposition within 21 days.
If they tell the truth, the whole truth, and nothing but the truth, who knows what liability may result? On the other hand, if they invoke their right to remain silent, they will likely be portrayed as criminals.
“You see, the mob takes the fifth,” Trump observed on the campaign trail in 2016. “If you’re innocent, why are you taking the fifth amendment?”
Time sure flies. And if the Trump family refuses to appear at deposition or simply stays mum when grilled, they risk being charged with contempt, a distinction presently held by Steve Bannon, Trump’s White House counselor and 2016 campaign guru.
At this moment, Trump must be sweating while his lenders have to be shaking their collective heads. How much is Trump worth and how bad can things get are no longer hypothetical issues. In the absence of operative financial statements, restructurings and bank-called defaults have spilled into the realm of the
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