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MSNBC panelist explains how Trump’s decades worth of tax fraud could cost him millions

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A former assistant U.S. Attorney explained how a bombshell investigative report published by the New York Times could spell big trouble for President Donald Trump and his family.

Daniel Goldman, an MSNBC contributor and former assistant U.S. Attorney for the Southern District of New York, said the statute of limitations had run out for possible tax fraud — but he said the president might not be off the hook.

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“You guys have really pinpointed some of the hypocrisy of Donald Trump being a self-made man on the campaign trail, whereas in reality his father was his lifeline for all of his poor business dealings,” Goldman said. “But from a legal perspective you see overinflated invoices, like you would have a contractor give an invoice to a subcontractor and over-inflate the work so that they could get a kickback.”

“That’s essentially what some of the allegations are,” he added. “There are bogus loans — that is a hallmark of fraud, where you say, ‘I will give you a loan,’ and then it just is never paid back, it’s not actually a loan.”

Fred Trump reportedly dumped $3.3 million in casino chips to bail out his son, and the family also allegedly played games with their tax filings.

“There are different representations of the value of his properties in official filings,” Goldman said. “So they undervalue it when it’s convenient and then they overvalue the same property when it’s convenient, as well, and that is — that’s another hallmark of fraud.”

Although the statute of limitations has run out for the alleged crimes uncovered by Times reporters, but Goldman said the president might eventually be required to pay millions in back taxes.

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“None of this can be charged criminally because it’s statute of limitations, but certainly the IRS could go back and look at it from a civil perspective,” Goldman said.

Trump’s sister, federal Judge Maryanne Trump Barry, was heavily implicated in the Times report, and Goldman said she could face punishment for her alleged role in fraud.

“The only way that a judge can be removed is technically through impeachment, but if there is misconduct by Maryanne Trump — and we don’t know at all whether there is at this point — then it would be referred to a judicial committee to look into it in order to assess it,” Goldman said.

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Fox News cuts off Kevin McCarthy’s unhinged rant after he says Pelosi ‘wished we’d go into a recession’

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Fox News and other cable outlets cut off House Minority Leader Kevin McCarty (R-CA) on Tuesday as he was denouncing articles of impeachment that were introduced by Democrats moments earlier.

McCarthy reacted to the articles of impeachment by attacking the Democrats' process instead of mounting a defense of President Donald Trump's alleged abuse of power.

"Nothing on that phone call is wrong," McCarthy said of Trump's telephone call with the president of Ukraine. "If somebody is an elected official and they did something wrong but they run for another office, somehow what they did is not wrong anymore?"

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Jewish groups slam Fox News for inviting back pro-Trump lawyers after anti-Semitic remarks

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Less than a month after inviting backlash from Jewish groups for voicing antisemitic tropes during an interview on Fox Business, conservative lawyers and Trump loyalists Joe diGenova and Victoria Toensing are back on Fox's airwaves as of this Monday night.

In a series of statements released this Tuesday, the Anti-Defamation League and J Street called diGenova’s return “disturbing," adding that his appearance shows a "lack of remorse" on the network's part for inviting him back on, The Daily Beast reports.

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GOP’s Kevin McCarthy repeatedly lies in Trump defense against articles of impeachment

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House Minority Leader Kevin McCarthy defended President Donald Trump from the articles of impeachment issued by Democrats, and he was roundly criticized for lying about the evidence.

The California Republican complained that the minority was not allowed to call witnesses during impeachment hearings, and then cited testimony from a GOP witness to defend the president.

"We watched in a hearing, a Democrat constitutional scholar that did not vote for President Trump say this was the weakest, the thinnest, the fastest impeachment in the history of America," McCarthy said. "He then went to say if there was an abuse it would be abuse on the Democrats to move forward. The speaker must not have listened to that hearing. If the speaker had only waited 48 hours to release the transcript, America would not be put through the nightmare."

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