New York Attorney General’s RICO case will aim to “impoverish” Donald Trump and his family

Over the weekend multiple sources on opposite sides of the political aisle confirmed that the FBI’s federal investigation into Donald Trump and Russia has led to two grand juries currently underway. Now one of those sources is also expounding on separate state-level legal action being carried out by New York Attorney General Eric Schneiderman against Donald Trump.

The news of the federal grand juries came separately from Democratic insider Claude Taylor an Republican insider Rick Wilson (link). 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.

As Palmer Report has previously reported (link), authorities recently arrested ten alleged mafia henchmen in New York whose crime family has ties to convicted Russian mafia figure Felix Sater, who in turn has financial ties to Donald Trump. This was ostensibly with the intention of motivating them to flip on Trump. Help fund Palmer Report

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Bill Palmer is the founder and editor in chief of the political news outlet Palmer Report

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