Tim O’Brien, author of Trump nationsaid in a Friday interview with MSNBC that there were several signs of an imminent collapse.
He said one of those signs is Trump’s longtime chief financial officer, Allen Weisselberg, who struck a plea deal last week news week. Weisselberg as Laura Italiano from Insider reportedacknowledged that the Trump Organization had evaded payroll taxes for 15 years under his purview as chief financial officer.
Weisselberg will have to testify against the Trump Organization.
“If Weisselberg is found to have lied during this testimony, he could face up to 15 years in prison instead of five months,” O’Brien said, according to Newsweek. “So he’ll be mightily motivated to answer every question prosecutors have asked him about a variety of financial issues at the Trump Organization.”
O’Brien noted that the result could be that the Trump Organization “may eventually” go “out of business.”
“It’s already in a very vulnerable position,” he told Newsweek. “Donald Trump is in the worst business imaginable in the COVID era: urban real estate and essentially tourism and hospitality companies, and he has a lot of debt to those companies and he’s going to need a significant sum of money personally. He’s also possibly struggling financially. I think a lot of that will come to a head in the fall.