During the ongoing legal proceedings involving former President Donald Trump, Prosecutor Joshua Steinglass has shed light on the nature of Trump's personal account, labeling it as an enterprise capable of maintaining falsified business records. Steinglass elaborated on the intricate financial web surrounding Trump's personal account, likening it to 'the hub of a wheel with 500 spokes.' This analogy emphasizes how the account serves as a central point for receiving funds from various Trump-owned entities and disbursing funds to these entities as required.
Steinglass further emphasized the significance of understanding the definition of an enterprise in this context, indicating that Judge Juan Merchan will provide guidance on this matter. The prosecutor highlighted the importance of upholding proper bookkeeping practices, stating, 'New York is the business capital of the world, and whether you’re a private enterprise or public enterprise, you have an obligation to keep proper books and records.' This statement underscores the prosecution's stance on the legitimacy of the charges brought against Trump.
