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Circling The Drain 

When a project, plan or person is on the verge of falling into absolute irrelevancy with no way of coming back.
Ever since her fourth album, Katy Perry’s career has been circling the drain!
Circling The Drain by CapitolRec February 8, 2021

Circling the Drain 

To indicate that something is in a state of decline.
My 401K is circling the drain.

circling the indictment drain 

When someone is clearly going to be indicted at some point but the process itself is long and drawn out as the person is spiraling downward inside of the theoretical toilet.
Ever the political victim and while circling the indictment drain himself, the Fraudster in Chief cited the underhanded moves of the “radical left” as the Trump Organization and the organization’s CFO, Allen Weisselberg, were indicted by the grand-jury for tax evasion.