Last updated on March 4th, 2019 at 02:03 pm
Sen. Richard Blumenthal (D-CT) said that Congress wants to investigate Trump for various financial crimes, including fraud against the US government.
Sen. Blumenthal said on MSNBC‘s The Beat with Ari Melber:
They are made necessary by the Ways and Means Committee wanting — and protect the public against the kind of tax fraud that was revealed very dramatically in the in the Cohen hearings. Inflating the value s of properties to insurance companies or banks. That’s against the law…It’s fraud.
That’s fraud against those insurance companies. It’s bank fraud. It could be fraud against the government. Also, deflating the values for tax purposes, that’s tax fraud. But also I think what strikes me about the Cohen testimony is the kind of Pandora’s box it opened. Not only in terms of witnesses but also potential crimes.
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Video:
Sen. Richard Blumenthal talking about Trump’s potential financial crimes, “That’s fraud against those insurance companies. It’s bank fraud. It could be fraud against the government. ” https://t.co/YCJWqrhnYO pic.twitter.com/7ykCwh0Xqu
— PoliticusUSA (@politicususa) March 1, 2019
Rachel Maddow gave a crystal clear example from the Cohen testimony of how Trump committed bank fraud. Those who claimed that there was nothing new in the Cohen hearing missed a treasure trove of new information. The takeaway from the Cohen testimony is that Trump‘s financial crimes are more comprehensive than anyone could imagine. Trump is and was engaged in a wide variety of fraud.
Trump cheated banks. Trump cheated insurance companies. Trump cheated the United States government. Congress will be investigating it all. The most interesting potential investigation will be into whether Trump conspired to defraud the United States. Trump would have cheated the United States if he lied to the government to get any asset, contract, assistance, subsidy, or loan.
Donald Trump never wanted his tax returns released because they will reveal the extent of his fraud.
Congress is going to get his tax returns, and the conman’s great con will finally be exposed.
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Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
