Tag: Trump organization tax fraud

Trump Organization removes indicted top finance officer Allen Weisselberg from leadership roles at dozens of subsidiaries

Washington Post logo

The Trump Organization has removed indicted chief financial officer Allen Weisselberg from his leadership roles at more than 40 subsidiary companies, according to corporate filings in the United States and Scotland.

The changes were made Thursday and Friday, a week after a grand jury in Manhattan indicted Weisselberg on 15 felony counts, including grand larceny and tax fraud. Weisselberg was accused by New York prosecutors of helping run a 15-year scheme to evade income taxes by concealing executives’ salaries — including more than $1.7 million of his own income — from tax authorities. Two Trump corporate entities were indicted alongside Weisselberg.

On Thursday, the Trump Organization removed Weisselberg as a director of the company that runs its golf course in Aberdeen, Scotland, according to British corporate records. Continue reading.

How Trump’s claims to being ‘the king of the tax code’ could come back to haunt him

Washington Post logo

When former president Donald Trump weighed in on the criminal tax case against his business this weekend, some saw a tacit admission to the schemes the Trump Organization is accused of.

“They go after good, hard-working people for not paying taxes on a company car,” Trump said Saturday night at a rally in Sarasota, Fla. “You didn’t pay tax on the car or a company apartment. You used an apartment because you need an apartment because you have to travel too far where your house is. You didn’t pay tax. Or education for your grandchildren. I don’t even know. Do you have to? Does anybody know the answer to that stuff?”

It’s certainly valid to suggest Trump is granting that these violations might have indeed happened. Perhaps the better interpretation, though, is that Trump is mounting a defense: one of ignorance. (Okay, maybe this stuff happened, but we — or at least I — didn’t know it was illegal.) And knowledge of the tax law is vital to proving tax fraud. Continue reading.

Trump biographer explains why Ivanka Trump ‘is in peril’ along with Allen Weisselberg

AlterNet Logo

President Donald Trump’s daughter Ivanka Trump is in about as much trouble as Allen Weisselberg is, according to biographer Michael D’Antonio.

Speaking to CNN’s Jim Acosta on Sunday, D’Antonio explained that the kinds of things that Weisselberg is accused of are similar to things that Ivanka Trump also did while working for the Trump Organization.

“You know, he really is acting as if he is going to go down with the ship,” said D’Antonio of Weisselberg. “I think this is astounding given Michael Cohen’s example. But there’s another thing that I notice in the president’s — or former president’s complaints. And his idea that, ‘Well, they’re going after really good people, and they would only be going after me because of political motivations.’ Well, the big problem for him is that he invited all of this. He ran for president in the first place as a publicity stunt. He wanted to amp up his visibility and increase his bottom line. He never intended to be elected president, and then when he became president, journalists started digging into the facts of his wealth, which has always been in doubt, and then people that he really hurt, that he steamrollered offer the years leaked documents to The New York Times that gave the truth about his taxes for the world to see. Faced with all of that, the prosecutions had no choice but to go after him. So, the idea this is political is crazy. He brought it on himself. These are practices that have been going on for more than a dozen years, and he’s getting what he deserves.”