Wednesday, February 1

Tag: The Trump Organization

Prosecutors rest in Trump Organization criminal trial
Politics

Prosecutors rest in Trump Organization criminal trial

Manhattan prosecutors called their last witness Monday in the Trump Organization's criminal trial. During three weeks of testimony, they portrayed a company for which many of the top executives not named Trump allegedly devised a series of schemes to avoid taxes on income and luxury benefits.Two Trump Organization companies and former chief financial officer Allen Weisselberg were charged with more than a dozen counts related to fraud and tax evasion. No member of the Trump family has been charged in the case. Weisselberg previously entered a guilty plea in the case and agreed to testify for the prosecution. During more than three days of testimony, he described receiving annual bonuses in which he was called an independent contractor, and deducting the value of luxury benefits fro...
Trump Organization lawyers put former CFO Allen Weisselberg’s plea deal in the spotlight
Politics

Trump Organization lawyers put former CFO Allen Weisselberg’s plea deal in the spotlight

Attorneys in the Trump Organization's criminal trial sought Friday to drum up doubts about a plea deal struck by the prosecution's key witness.Former chief financial officer Allen Weisselberg was charged along with two Trump Organization entities in July 2021 with more than a dozen counts related to fraud and tax evasion. Weisselberg entered a guilty plea in the case in August. Prosecutors for the Manhattan district attorney agreed to recommend a five-month jail sentence, and repayment of back taxes, in exchange for Weisselberg's testimony against the company at trial. Former Trump Organization CFO Allen Weisselberg leaves the courtroom for a lunch recess during the Trump Organization's criminal trial at the New York Supreme Court on Nov. 17, 2022 in New York City. ...
Weisselberg family at center of Trump Organization trial in New York
Politics

Weisselberg family at center of Trump Organization trial in New York

At the heart of the Trump Organization trial is a family — with a name other than Trump. Allen Weisselberg, the company's former chief financial officer, has entered a guilty plea in the case. His son Barry Weisselberg, who works for the company, has been mentioned dozens of times, as has Allen's wife Hilary. Barry's ex-wife Jennifer has also been mentioned repeatedly, as well as their two school-aged children.The Weisselbergs, both sides in the case agree, lived large on the company dime.  Donald Trump personally signed a lease agreement in 2005 for a $6,500 per month apartment on New York's leafy Riverside Boulevard, lived in by Allen Weisselberg and his wife. By 2016 the rent was $8,200 a month, according to records shown in court. Barry, Jenn...
Trump’s company conducted internal tax review after he became president, executive says
Politics

Trump’s company conducted internal tax review after he became president, executive says

A longtime Trump attorney oversaw an internal investigation of the Trump Organization's tax practices in 2017 and 2018, leading the company "to do things differently," an executive testified Tuesday.The revelation came amid the second day of sworn testimony by Trump Organization controller Jeffrey McConney, who was the first witness called by the government in the company's New York criminal fraud trial. McConney said the investigation was led by Sheri Dillon, an attorney most known for a January 2017 press conference held by then-President-elect Donald Trump in which she and Trump displayed stacks of papers they said were related to his companies' taxes. McConney's testimony was halted later Tuesday after he tested positive for COVID-19. The tri...
Trio of Trump-related trials to be heard in New York on Monday
Politics

Trio of Trump-related trials to be heard in New York on Monday

Former President Donald Trump is at the center of trials holding proceedings in three different courtrooms Monday.The cases range from civil to criminal, state and federal. Trump is named in one lawsuit in the Bronx, his company is named in a Manhattan criminal case and a longtime friend and adviser is in the middle of a criminal trial in Brooklyn.Here's a look at where the cases stand: Arguments begin in Trump Organization criminal trialIn Manhattan, the Trump Organization, through two corporate entities — the Trump Corporation and Trump Payroll Corporation — has entered not guilty pleas on 14 counts related to allegations the company provided untaxed "indirect employee compensation" to executives. Opening statements in the case are scheduled to...
Allen Weisselberg, Trump Organization’s ex-CFO, pleads guilty in fraud case, agrees to testify against company
Politics

Allen Weisselberg, Trump Organization’s ex-CFO, pleads guilty in fraud case, agrees to testify against company

Allen Weisselberg, the former longtime chief financial officer of the Trump Organization, pleaded guilty Thursday to 15 counts of fraud and tax evasion, acknowledging that he was part of a scheme to receive more than $1.7 million in off-the-books perks and compensation from former President Donald Trump's namesake firm.Weisselberg, 75, entered the plea in a Manhattan courtroom, where he admitted to his crimes and agreed to cooperate with prosecutors in the criminal case against two Trump Organization entities.Weisselberg was charged in July 2021 alongside the Trump Organization subsidiaries that prosecutors claim took part in the scheme, which also allegedly benefited other company executives. The company has pleaded not guilty, and jury selection for its trial is scheduled for Oct...