The former president, now the first in U.S. history to be placed under criminal indictment, is a ponzi scheme based not on invested capital but invested confidence. Trump is a set of serial shakedowns.
A New York Grand Jury empaneled by Manhattan District Attorney Alvin Bragg has indicted the former president, Donald John Trump. I give all three of Trump's names because that is usually how the felons are referred to in the press.
It is illegal in New York to misreport on your tax statements the purpose for which money has been spent. This is a crime. Trump is, of course, also banal. But more than that, he is trivial. He inherited capital from his father as well as know-how concerning the cut-throat real estate markets in the run-down neighborhoods of Queens. He parlayed those advantages into being a billionaire or at least very wealthy. But Queens real estate isn't intrinsically interesting. Trump and his father both had slumlord tendencies, and were probably. For all of its mystique, organized crime is also trivial.
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