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Some feel it could Bankrupt the family. It sounds like charges are close to being set.
One of those federal grand juries involves RICO racketeering charges (link), while the other focuses on the Foreign Agent Registration Act. But today Taylor has clarified that this is separate from the state-level RICO charges being pursued against Trump. And the state case is expected to be a doozy.
“My information is that while all this is Federal, AG Schneiderman is going to be presenting a devastating State RICO case that will among other things literally impoverish Trump, Don jr, Eric, Ivanka and Jared” (link), Taylor has revealed. RICO refers to the Racketeer Influenced and Corrupt Organizations Act, and is most commonly used to take down the highest ranking members of organized crime rings. RICO allows for fines up to “twice the proceeds of the offense,” meaning that if the State can prove its case, it can seize every dollar Trump has ever illegally obtained and beyond. If his fortune is as dependent on illegal gains as is widely suspected, such fines would indeed serve to wipe out Trump and his family financially.
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