Author Topic: BREAKING>>>AP: Donald Trump’s company found guilty of tax fraud in scheme hatched by top executives.  (Read 524 times)

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Online mystery-ak

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AP: Donald Trump’s company found guilty of tax fraud in scheme hatched by top executives.

 Trump Organization found guilty of tax fraud
by Brad Dress - 12/06/22 4:03 PM ET

A New York jury on Tuesday found the Trump Organization guilty of tax fraud following a more than month-long trial.

Jurors began deliberating on Monday and returned the guilty verdict on Tuesday afternoon, according to The Associated Press.

Former President Trump himself was not on trial, but prosecutors with the Manhattan District Attorney’s Office showed jurors evidence that Trump had signed off on bonus checks and memos that helped top executives skirt reporting on taxable income.

Following the verdict, the Trump Organization could be fined up to $1.6 million.

The outcome in the trial, which began in late October, is considered a victory for the Manhattan DA’s office. It followed a three-year probe by the office into whether top executives at the company engaged in tax fraud from 2005 to June 2021.

Prosecutors rested their case in late November after just eight days of arguments. 

Much of the prosecution’s case had centered on the testimony of the Trump Organization’s longtime chief financial officer Allen Weisselberg and of Jeffrey McConney, a senior vice president and controller.

Weisselberg was charged with 15 counts of tax evasion charges last year and pleaded guilty in August. Prosecutors said he evaded $1.76 million in taxes through receiving luxury perks such as rent-free apartments and cars.

Weisselberg, who earned a reduced sentence for testifying, said he worked with McConney to conceal about a decade’s worth of those perks from his taxable income.

And McConney said he helped hide those perks by issuing false tax documents or by reducing salaries.

Trump and his two eldest sons, Donald Trump Jr. and Eric Trump, signed off on bonus checks made out to independent contractors, Weisselberg testified, which he claimed helped him conceal taxable income.

Trump also signed off on a lease for a company-paid apartment awarded to Weisselberg, prosecutors said.

“Mr. Trump is explicitly sanctioning tax fraud,” Joshua Steinglass told jurors in closing arguments, according to the AP.

In its defense, the Trump Organization had argued that Weisselberg was the sole actor in the scheme and that he had betrayed the company’s trust. 

https://thehill.com/regulation/court-battles/3763959-trump-organization-found-guilty-of-tax-fraud/
« Last Edit: December 06, 2022, 09:50:39 pm by mystery-ak »
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Offline Gefn

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Trump Organization convicted in New York criminal tax fraud case


Quote


Two subsidiaries of the Trump Organization were convicted Tuesday of multiple crimes, including tax fraud, falsifying business records and conspiracy by a jury in New York City.

The convictions on all 17 counts come weeks after the company’s owner, Republican former President Donald Trump, declared his candidacy for the White House in the 2024 election.

Trump was not personally a defendant in the case, which related to a scheme by his company to avoid taxes on compensation in the form of perks to its then-chief financial officer Allen Weisselberg and other executives since 2005.

But a prosecutor in closing arguments said that Trump “knew exactly what was going on.”



https://www.cnbc.com/2022/12/06/trump-organization-convicted-in-new-york-criminal-tax-fraud-case.html
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Offline Free Vulcan

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The problem is, being a northeastern blue jurisdiction jury, is this like DC where anything Trump related is an automatic guilty, and the prosecutor can just pile on the charges?
The Republic is lost.

Offline libertybele

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Trump Organization convicted in New York criminal tax fraud case


https://www.cnbc.com/2022/12/06/trump-organization-convicted-in-new-york-criminal-tax-fraud-case.html

Trump was not personally a defendant in the case. His organization was found guilty on all 17 counts, including tax fraud, falsifying business records and conspiracy and ordered to pay $1.6 million dollars.

Perhaps now the request for his tax returns are becoming more clear??  If he is personally found guilty of tax fraud then I'd say there's a good chance he won't be running in '24.
« Last Edit: December 06, 2022, 09:29:06 pm by libertybele »
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Offline Hoodat

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The Trump Organization to be fined $1.6 million for defrauding the US Treasury out of $0 in unpaid taxes.
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Offline Kamaji

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The Trump Organization to be fined $1.6 million for defrauding the US Treasury out of $0 in unpaid taxes.

Not so.

Online mystery-ak

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Greg Price
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2h
The Trump org was just convicted in a Manhattan jury of tax fraud and falsifying business records in which Trump himself was never implicated and the maximum penalty of which is a $1.62 million fine.

That's the best they could do after investigating the man for half a decade
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Offline Hoodat

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Not so.

So how much in back taxes does the Trump Organization owe?
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-