Attorneys believe the ruling will open the door for prosecutors to delve deeper into the practices adopted by the Trump Foundation.

With New York Judge Saliann Scarpulla failing to give Donald Trump immunity in the lawsuit brought against the Trump Foundation by New York State Attorney General Barbara Underwood, experts now believe it could lead to the crumbling of the president’s “financial empire,” reports Law and Crime.

As reported by the Inquisitr, Barbara Underwood brought forward a lawsuit against the Donald J. Trump Foundation and its directors, which, along with the president, also include his children Donald Trump Jr., Eric Trump, and Ivanka Trump. The suit alleges that the Trumps “transacted business illegally and abusively” by failing “to operate and manage the Foundation in accordance” with the law, “resulting in the misuse of charitable assets and self-dealing,” which are serious allegations and could lead to the beginning of his empire’s material downfall.

“The Trump Foundation functioned as little more than a checkbook to serve Mr. Trump’s business and political interests,” Barbara Underwood said after the ruling by Scarpulla, who shot down Trump’s legal defense of being immune to the civil lawsuit because he is the president.

With Scarpulla giving Underwood the go-ahead to delve deeper into the allegations of fraud and misappropriation of Trump Foundation funds for personal usage, Washington D.C. attorney Mark S. Zaid said that it could lead to a situation where prosecutors find evidence of nefarious dealings which could, in turn, implicate the president.

“[Donald Trump] should be very, very concerned about this lawsuit, perhaps more so than any other currently pending. It may open the door to his financial empire which is where many experts believe he may be criminally vulnerable.”

Zaid went on to add that the investigation “could allow discovery into financial donations, their origins and whether it was of a laundering nature.” He finally concluded that of all the lawsuits that Trump or his family faces at the moment, it is Underwood’s case which will cause the president the biggest concern.

Other experts including former U.S. Attorney Preet Bharara and state representative Chris Vance seemed to concur with Zaid’s viewpoint, with the latter listing out all the investigations and major lawsuits now pending against Trump.

Trump’s financial dealings and his foundation’s practices have come under sharp scrutiny ever since special counsel Robert Mueller began the Russia investigation. Not bound by the scope of the inquiry, Mueller is believed to have found irregularities in Trump’s dealings, with his former campaign manager Paul Manafort already convicted earlier this year for money laundering. But Mueller has since passed over the investigation of Trump’s financial history to New York prosecutors, with the special counsel appearing more interested in working on the “collusion” angle and whether or not the president worked with Russia to influence the 2016 elections.

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