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EXPLAINER: How could the indictment hurt Trump's company?

EXPLAINER: How could the indictment hurt Trump's company?

ABC News
Thursday, July 01, 2021 10:50:55 PM UTC

The criminal tax fraud charges unsealed Thursday against Donald Trump’s company are a blow to a business already reeling from canceled deals following the insurrection at the U.S. Capitol and the impact of the coronavirus pandemic on its hotels and clubs

NEW YORK -- The criminal tax fraud charges unsealed against Donald Trump’s company Thursday are a blow to a business already reeling from canceled deals following the insurrection at the U.S. Capitol and the impact of the coronavirus pandemic on hotels and clubs. The indictment may make it harder for Trump to strike new deals, get bank loans and bring in new money to his sprawling and indebted business. The former president himself was not charged by prosecutors, but investigations are ongoing. Here's a look at the company and the challenge it now faces:
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