Trump Organization Accused of Financial Misconduct in Chicago; CREW Files Complaint with FBI and DOJ
The Trump Organization, led by former President Donald Trump, has been accused of falsifying financial disclosures regarding a loan worth over $50 million to its Chicago business. Citizens for Responsibility and Ethics in Washington (CREW) filed the complaint with the FBI and Department of Justice for investigation.
Between 2015 and 2023, Trump reported owing this sum on his public financial disclosure reports, stating that it was true and complete to the best of his knowledge. However, a court-appointed monitor has revealed that the loan never existed. This false claim raises concerns about tax avoidance or hidden debts to other parties.
CREW’s President, Noah Bookbinder, stated that while Trump has a history of lying about his finances, lying on a government disclosure is a potential violation of criminal law. The purpose of public financial disclosures is to maintain transparency among high-level government officials and establish trust in the federal government free from conflicts of interest. If Trump intentionally misrepresented his disclosures, he would have violated the public trust these laws are designed to protect.
Bookbinder emphasized that no one is above the law and that everyone in the executive branch must adhere to the same rules as others. He urged the FBI and DOJ to investigate further for potential legal action against Trump and his organization.
