'New crimes': Experts say 'massive fraud for Trump' could be on the horizon
March 02, 2024
A recent legal development in Trump world came and went in the mainstream media, but some legal experts say it needs more attention.
Just the other day, Raw Story reported that co-founders of Donald Trump's media company accused the former president of scheming to lock them out of a stake in the company potentially worth millions of dollars.
Trump Media & Technology Group, which owns Trump's Truth Social platform, is trying to merge with a special purpose acquisition company called Digital World Acquisition and go public, and the co-founders say they are being ripped off for their share of the proceeds.
ALSO READ: How Donald Trump is spreading a dangerous mental illness to his supporters
It might seem like a standard civil lawsuit, but some experts have flagged the case for further attention.
Democratic political strategist Simon Rosenberg said on social media that it is a "HUGE STORY."
"It needs to be understood that Trump is being accused of having committed new crimes, a massive new fraud, by his FAN BOY BUSINESS PARTNERS," he wrote.
Former federal prosecutor Elizabeth de la Vega also chimed in: "New crimes, new massive fraud for Trump," she wrote Friday.
Alex Wagner, host of "Alex Wagner Tonight," also brought up the issue on her show on Friday and in a written MSNBC post on Saturday.
"They claim Trump is essentially trying to cheat them out of their share of the company, just as it’s about to go public and potentially net Trump billions of dollars — if he can sell his shares," she wrote, adding that the co-founders' "lawsuit now threatens Trump’s much-needed payday."
"He’s a man who is on the hook for more than half a billion dollars in judgments from both civil fraud and defamation lawsuits," Wagner added.
Not everyone was on board with thinking it is a big deal. Retired tax law specialist Bruce Duck asked de la Vega, "Where's the fraud?"
"This is a civil matter, & I hope Litinsky & Moss prevail, but I don't see anything in this that would get DOJ to indict anyone," he wrote. "Issuing additional stock doesn't violate any criminal statutes. Simon Rosenberg is prone to histrionics."