George Conway Makes Disastrous Prediction for Trump Family

George Conway, a conservative lawyer, predicts that former President Donald Trump and his family will "go out of business" if the judge in the New York fraud case rules against them.

New York Attorney General Letitia James filed a lawsuit in the fall of 2022 against Trump, his two eldest sons, Donald Trump Jr. and Eric Trump, his former aide Allen Weisselberg, and the Trump Organization for $250 million, accusing them of inflating their net worth by billions of dollars to obtain benefits such as better bank loans and reduced tax bills.

Judge Arthur Engoron already ruled against the defense in late September. He concluded that many of the defendants' claims were "clearly" fraudulent, so much so that a trial was not needed to hear them. Currently, a trial is unfolding to determine how much damages Trump will have to pay.

Trump maintains his innocence in the case and has accused prosecutors of targeting him for political purposes.

Donald Trump Jr., who serves as an executive vice president of The Trump Organization, took the stand on Wednesday and denied knowing about widespread accounting fraud within the company that inflated its property valuation, saying, "That's what CPAs are for."

During his testimony, Trump Jr. insisted that he did not recall the answer to several questions involving his father and the family business.

Conway, a critic of Trump who helped launch the anti-Trump Lincoln Project organization, told MSNBC's Morning Joe on Thursday that Trump Jr.'s testimony "isn't going to help."

"The judge can take findings and say, 'I don't believe that he didn't remember that. I don't believe that he was relying on the accountants. The story doesn't make any sense,'" Conway said.

"All you have to do is find a 50.01 percent, more likely than not, that there was fraud committed, and they knowingly did that," he added. "It's easy to do, and the judge will make credibility findings and say these people are all liars."

Conway explained that if the defense tries to appeal the judge's ruling, it will still end up costing them.

"They probably will get a stay pending appeal, but you have to post a large bond. So, it may take a couple of years for this to pan out in the appellate courts, but there's already been an interim receiver appointed," Conway said, explaining that "they basically can't move assets around, can't hide them—they're stuck."

"And that's one of the reasons, I think, Donald is upset and showing up at the trial every day," he added. "Basically, he's in financial handcuffs already. Who is going to loan money to these people? They're going to go out of business."

Eric Trump, who serves as the Trump Organization's executive vice president, will testify in court on Thursday.

Trump's eldest daughter, Ivanka Trump, who previously served as an executive vice president of the Trump Organization, was initially listed as a defendant in the fraud case but is now on the witness list. She is set to be questioned next week, and Trump's estranged niece, Mary Trump, believes Ivanka could throw her father "under the bus."

Before entering court on October 17, Trump told reporters that his kids should not be involved in the case. "We worked hard, my family. My children are involved in this and they shouldn't. They don't deserve to be involved in this. This is a witch hunt by a radical lunatic attorney general...," Trump said.