Tag: Trump tax fraud

Weisselberg out in Scotland: First indication that indictment affects Trump Organization operations

AlterNet Logo

Allen Weisselberg, the indicted Trump Organization executive, was removed today as a director of Donald Trump’s golf resort in Aberdeen, Scotland, public records show. The move is the first to indicate how the indictment is affecting operations of the Trump Organization.

His removal comes as Scottish lawmakers and Avaaz, a global do-gooder organization, are pushing for an “unexplained wealth” inquiry into how Trump got the money to buy and refurbish both of his money-losing Scottish golf courses.

A 2018 British law lets investigators examine company and personal financial records to determine sources of money and riches that they deem suspicious. It’s been called the McMafia law. Continue reading.

Prosecutors say spreadsheets from Trump Organization offer a road map for its indictment. Where the investigation goes now is the question.

Washington Post logo

In prosecutors’ telling, the Trump Organization provided a road map for its own indictment.

In documents filed in the New York Supreme Court last week, prosecutors claimed that the company had spent 15 years paying its chief financial officer “off the books,” giving him cars, an apartment, tuition payments and cash that were hidden from income tax authorities.

But at the same time, according to allegations included in the indictment, the Trump Organization also was keeping internal spreadsheets that tallied the payments that were being hidden. Continue reading.

Trump is already roadtesting his defense for a possible NY indictment — but there’s a big problem

AlterNet Logo

One section of former President Donald Trump’s rally speech on Saturday night in Florida stood out to many observers: his response to last week’s indictment of his company and its CFO Allen Weisselberg.

Weisselberg and the Trump Organization were hit with a 15-count indictment from the Manhattan DA, Cy Vance, alleging a scheme to defraud the government and avoid paying required taxes on more than a million dollars worth of non-salary compensation the CFO has received for over a decade.

Trump himself was not charged in the scheme, though many argue it’s hard to believe he wasn’t aware of this allegedly criminal conduct — and indeed, it’s hard to believe this kind of criminality wasn’t widespread under his leadership. But if Vance ever chooses to try and bring a case against the former president, Trump will likely try to claim he was unaware that these crimes were occurring, or that he was unaware that what was being done was illegal. On Saturday, he started roadtesting this type of defense — which, if true, would undermine the case that he had the criminal intent required to be found guilty of the crimes in question — for his fans: Continue reading.

The Memo: Dangers intensify for Trump as Vance brings charges

The Hill logo

The legal and political dangers facing former President Trump became a lot more real Thursday, when his closest lieutenant in running his businesses, Allen Weisselberg, gave himself up to prosecutors at dawn.

Weisselberg, along with the Trump Organization, was formally charged in court a few hours later. He was brought into court handcuffed. 

The 15-count indictment alleges that Weisselberg committed grand larceny and tax fraud, and that the Trump Organization was complicit in many of those offenses.  Continue reading.

Bush speechwriter reveals the key detail that is missing from Trump’s statements on company indictments

Raw Story Logo

Writing for The Atlantic on Thursday, David Frum, the former speechwriter to President George W. Bush, noted that Donald Trump doesn’t even appear to be trying to defend himself publicly or claim he is innocent.

Looking at speeches and statements pushed out by the former president, Frum noticed that all they do is attack other people, they never proclaim innocence. 

“An early indication that things may end badly for Trump is the statement released today from the Trump Organization,” he explained. Continue reading.

Trump Organization Is Charged With Running 15-Year Employee Tax Scheme

New York Times logo

The company was accused of helping its executives evade taxes on compensation by hiding luxury perks and bonuses.

The Trump Organization, the real estate business that catapulted Donald J. Trump to tabloid fame, television riches and ultimately the White House, was charged Thursday with running a 15-year scheme to help its executives evade taxes by compensating them with fringe benefits that were hidden from the authorities.

The Manhattan district attorney’s office, which has been conducting the investigation alongside the New York attorney general, also accused a top executive, Allen H. Weisselberg, of avoiding taxes on $1.7 million in perks that should have been reported as income. Mr. Weisselberg, Mr. Trump’s long-serving and trusted chief financial officer, faced grand larceny, tax fraud and other charges.

“To put it bluntly, this was a sweeping and audacious illegal payments scheme,” Carey Dunne, general counsel for the Manhattan district attorney, Cyrus R. Vance, Jr., said during an arraignment in State Supreme Court in Manhattan. Continue reading.

Trump exec Weisselberg pleads not guilty to fraud, conspiracy charges

The Hill logo

New York City prosecutors on Thursday charged the Trump Organization and its chief financial officer, Allen Weisselberg, with various fraud and conspiracy charges.

Weisselberg, who turned himself in earlier Thursday morning, pleaded not guilty to all 15 charges, which include tax fraud, conspiracy, grand larceny and falsifying business records. He and the Trump Organization have denied wrongdoing.

In an indictment that was unsealed Thursday afternoon, prosecutors alleged that Weisselberg helped orchestrate a scheme to compensate himself and “other Trump Organization executives” with unreported income. Continue reading.

The Memo: Trump faces legal and political peril

The Hill logo

Former President Trump’s attempts to remain politically powerful and position himself as a viable 2024 candidate could hit a big hurdle.

Prosecutors in New York look to be on the brink of leveling criminal charges against the Trump Organization, according to recent reports from The New York Times and The Washington Post.

Much remains unclear — and it is still technically possible that no charges will be brought, even though Manhattan District Attorney Cy Vance Jr. (D) empaneled a new grand jury in May. But if charges are leveled, they will deal a heavy blow to the former president regardless of whether he is himself accused. Continue reading.

Trump and his CFO Allen Weisselberg stay close as prosecutors advance their case

Washington Post logo

Trump and his CFO Allen Weisselberg stay close as prosecutors advance their case

NEW YORK — If Donald Trump was looking for some good news on his 75th birthday last Monday, it arrived at 8:15 a.m. by way of a blue Mercedes slipping into Trump Tower’s private garage entrance on West 56th Street.

Behind the wheel was Allen Weisselberg, Trump’s longtime confidant and Trump Organization chief financial officer, whom the Manhattan District Attorney’s Office has pressed to turn on the former president as they investigate Trump’s business dealings.

Every day that Weisselberg arrives for work at Trump Tower — as he did that day, steering in from his Upper West Side apartment across town — could be seen as a public signal that he is sticking with Trump and deflecting investigators’ advances. Continue reading.

Mary Trump Predicts How Donald Trump Will Throw His Children Under The Bus

Huff Post logo

And the ex-president’s niece is “fairly sure” her cousins will flip on their father.

Mary Trump doesn’t doubt that her uncle, ex-President Donald Trump, will sacrifice his own children to save himself from potential prosecution.

On Monday, CNN’s Chris Cuomo asked Mary Trump if her uncle would “take one for his kids” if they were targeted by prosecutors. Both Donald Trump Jr. and Eric Trump work for the Trump Organization, which is under criminal investigation by authorities in New York.

“No, he wouldn’t,” responded the former president’s niece, a vocal critic of her relative. Continue reading.