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Trump Organization convicted in executive tax dodge scheme

Trump Organization convicted in executive tax dodge scheme
Alan Weissberg, the chief financial officer of Donald Trump's company, the Trump organization. He was in court today to plead guilty of 15 counts including tax evasion related to *** scheme that prosecutors say involved off the books compensation and apartment cars, even the tuition for his grandchildren's private school. Now. Alan Weissberg was charged last summer more than *** year ago. He was the only trump organization executive charged *** three year investigation being conducted by the Manhattan District Attorney's office. He was scheduled to go to trial in october along with the trump organization on these tax fraud charges. But then this week cut *** deal with prosecutors that will see him served five months in jail payback About $2 million Trump Organization's trial in October to talk about the illicit business dealings that he and the company were involved in. The trump organization is synonymous with former President Donald trump. Their headquarters is at trump tower which has the gold plated trump tower name. Uh and that's where president trump lived for *** long time in Manhattan. Um but there is *** distinction here. Uh Alan Westerberg is testifying in *** case against the trump organization. The company, not former President Donald trump or former President trump has not been charged and has not been accused of criminal wrongdoing in this matter. Now. Alan Westerberg has said to his lawyers that he felt he was charged as punishment because he wouldn't flip on the former president that prosecutors were targeting him because they wanted him to cooperate and people around this case made it clear that this is not *** cooperation agreement, like you might see in other cases where *** witness will sit down and tell prosecutors everything they know about *** subject. There's there's *** specific condition here where in court today and again, in october, he will have to talk about his role and the company's role in this off the books compensation scheme, but not necessarily talking about donald trump and other members of the trump family.
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Trump Organization convicted in executive tax dodge scheme
Donald Trump's company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president's business.A jury found two corporate entities at the Trump Organization guilty on all 17 counts, including conspiracy charges and falsifying business records.The verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren't expected to be severe enough to jeopardize the future of Trump's company.As punishment, the Trump Organization could be fined up to $1.6 million 바카라 게임 웹사이트 a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated.Trump, who recently announced he was running for president again, has said the case against his company was part of a politically motivated "witch hunt" waged against him by vindictive Democrats.Trump himself was not on trial but prosecutors alleged he "knew exactly what was going on" with the scheme, though he and the company's lawyers have denied that.The case against the company was built largely around testimony from the Trump Organization's former finance chief, Allen Weisselberg, who previously pleaded guilty to charges that he manipulated the company's books and his own compensation package to illegally reduce his taxes.Weisselberg testified in exchange for a promised five-month jail sentence.To convict the Trump Organization, prosecutors had to convince jurors that Weisselberg or his subordinate, Senior Vice President and Controller Jeffrey McConney, were "high managerial" agents acting on the company's behalf and that the company also benefited from his scheme.Trump Organization lawyers repeated the mantra "Weisselberg did it for Weisselberg" throughout the monthlong trial. They contended the executive had gone rogue and betrayed the company's trust. No one in the Trump family or the company was to blame, they argued.Though he testified as a prosecution witness, Weisselberg also attempted to take responsibility on the witness stand, saying nobody in the Trump family knew what he was doing."It was my own personal greed that led to this," an emotional Weisselberg testified.Weisselberg, who pleaded guilty to dodging taxes on $1.7 million in fringe benefits, testified that he and McConney conspired to hide that extra compensation from his income by deducting their cost from his pre-tax salary and issuing falsified W-2 forms.During his closing argument, prosecutor Joshua Steinglass attempted to refute the claim that Trump knew nothing about the scheme. He showed jurors a lease Trump signed for Weisselberg's company-paid apartment and a memo Trump initialed authorizing a pay cut for another executive who got perks."Mr. Trump is explicitly sanctioning tax fraud," Steinglass argued.The verdict doesn't end Trump's battle with Manhattan District Attorney Alvin Bragg, a Democrat who took office in January.Bragg has said that a related investigation of Trump that began under his predecessor, District Attorney Cyrus Vance Jr., is "active and ongoing."In that wide-ranging probe, investigators have examined whether Trump misled banks and others about the value of his real estate holdings, golf courses and other assets 바카라 게임 웹사이트 allegations at the heart of New York Attorney General Letitia James' pending lawsuit against the former president and his company.The district attorney's office has also investigated whether any state laws were broken when Trump's allies made payments to two women who claimed to have had sexual affairs with the Republican years ago.Near the end of his tenure last year, Vance directed deputies to present evidence to a grand jury for a possible indictment of Trump. After taking office, though, Bragg let that grand jury disband so he could give the case a fresh look.On Monday, he confirmed that a new lead prosecutor had been brought on to handle that investigation, signaling again that it was still active.

Donald Trump's company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president's business.

A jury found two corporate entities at the Trump Organization guilty on all 17 counts, including conspiracy charges and falsifying business records.

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The verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.

The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren't expected to be severe enough to jeopardize the future of Trump's company.

As punishment, the Trump Organization could be fined up to $1.6 million 바카라 게임 웹사이트 a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated.

Trump, who recently announced he was running for president again, has said the case against his company was part of a politically motivated "witch hunt" waged against him by vindictive Democrats.

Trump himself was not on trial but prosecutors alleged he "knew exactly what was going on" with the scheme, though he and the company's lawyers have denied that.

The case against the company was built largely around testimony from the Trump Organization's former finance chief, Allen Weisselberg, who previously pleaded guilty to charges that he manipulated the company's books and his own compensation package to illegally reduce his taxes.

Weisselberg testified in exchange for a promised five-month jail sentence.

FILE - Trump Organization&apos&#x3B;s former Chief Financial Officer Allen Weisselberg arrives to the courtroom in New York, Tuesday, Nov. 15, 2022. Donald Trump&apos&#x3B;s company has been convicted of tax fraud on Tuesday, Dec. 6, for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars. As punishment, the Trump Organization could be fined up to $1.6 million. (AP Photo/Seth Wenig, File)
Seth Wenig
Allen Weisselberg

To convict the Trump Organization, prosecutors had to convince jurors that Weisselberg or his subordinate, Senior Vice President and Controller Jeffrey McConney, were "high managerial" agents acting on the company's behalf and that the company also benefited from his scheme.

Trump Organization lawyers repeated the mantra "Weisselberg did it for Weisselberg" throughout the monthlong trial. They contended the executive had gone rogue and betrayed the company's trust. No one in the Trump family or the company was to blame, they argued.

Though he testified as a prosecution witness, Weisselberg also attempted to take responsibility on the witness stand, saying nobody in the Trump family knew what he was doing.

"It was my own personal greed that led to this," an emotional Weisselberg testified.

Weisselberg, who pleaded guilty to dodging taxes on $1.7 million in fringe benefits, testified that he and McConney conspired to hide that extra compensation from his income by deducting their cost from his pre-tax salary and issuing falsified W-2 forms.

During his closing argument, prosecutor Joshua Steinglass attempted to refute the claim that Trump knew nothing about the scheme. He showed jurors a lease Trump signed for Weisselberg's company-paid apartment and a memo Trump initialed authorizing a pay cut for another executive who got perks.

"Mr. Trump is explicitly sanctioning tax fraud," Steinglass argued.

The verdict doesn't end Trump's battle with Manhattan District Attorney Alvin Bragg, a Democrat who took office in January.

Bragg has said that a related investigation of Trump that began under his predecessor, District Attorney Cyrus Vance Jr., is "active and ongoing."

In that wide-ranging probe, investigators have examined whether Trump misled banks and others about the value of his real estate holdings, golf courses and other assets 바카라 게임 웹사이트 allegations at the heart of New York Attorney General Letitia James' pending lawsuit against the former president and his company.

The district attorney's office has also investigated whether any state laws were broken when Trump's allies made payments to two women who claimed to have had sexual affairs with the Republican years ago.

Near the end of his tenure last year, Vance directed deputies to present evidence to a grand jury for a possible indictment of Trump. After taking office, though, Bragg let that grand jury disband so he could give the case a fresh look.

On Monday, he confirmed that a new lead prosecutor had been brought on to handle that investigation, signaling again that it was still active.