A biographer who chronicled former President Donald Trump's rise to fame in 2005 predicted that the Trump Organization would go out of business.
According to Tim O'Brien, author of Trump Nation, there are several signs of an impending collapse.
According to Newsweek, Allen Weisselberg, the Trump Organization's CFO, took a plea deal last week.
Weisselberg is going to have to testify.
If Weisselberg is found to have lied, he could face as much as 15 years in prison instead of a five-month sentence. The prosecutors asked him about a wide range of financial issues in the Trump Organization.
The result could be that the Trump Organization would go out of business.
He told Newsweek that it was in a very vulnerable position. Donald Trump has a lot of debt against his businesses and he is going to need a lot of money in order to stay afloat. He's also trying to make ends meet. A lot of this will happen in the fall.