Trump’s Company Is Guilty of Tax Fraud, a Blow to the Firm and the Man

Author: Yuvi December 7, 2022

Trump's Company Is Guilty of Tax Fraud, a Blow to the Firm and the Man


Mr. Trump personally paid the tuition, Mr. Weisselberg testified, linking the former president to the broader scheme. To support the contention that Mr. Trump was “explicitly sanctioning tax fraud,” prosecutors produced a document he signed that they said showed him authorizing one of the scheme’s crucial elements: a reduction in salary for another executive who was receiving clandestine benefits.

Although no evidence emerged that Mr. Trump knew his executives had failed to pay taxes on the payouts, prosecutors noted that he was a hands-on boss, particularly when it came to money.

“This case is about greed and cheating,” Susan Hoffinger, the lead prosecutor, told the jury in opening arguments. By the trial’s end, the prosecution had argued that misconduct was pervasive throughout the Trump Organization, which “cultivated a culture of fraud and deception.”

If the company had any hope of acquittal, it rested on the cross-examination of Mr. Weisselberg, who admitted to betraying his employer and carrying out the scheme without Mr. Trump’s approval. Asked by a defense attorney, Alan Futerfas, whether Mr. Weisselberg was embarrassed about his behavior, the executive, near tears, replied softly, “More than you can imagine.”

In closing arguments, Ms. Necheles told the jury that Mr. Weisselberg had repeatedly testified to acting for his own benefit, not to help the company or the Trump family. And the judge overseeing the case, Juan Merchan, explained to jurors that for the company to be guilty, Mr. Weisselberg could not have undertaken the scheme merely for his own personal gain.

Ms. Necheles argued that the prosecution had failed to meet that burden. She noted that when Mr. Weisselberg was asked on the stand about his motivation for deducting the value of his perks from his overall compensation, he said, “My intention was to save pretax dollars” — not to help the company.

The admission reinforced what became a mantra for the defense: “Weisselberg did it for Weisselberg!”

Author: Yuvi

My name is Yuvi, I work as Sub Editor at newscinema.in

7 December, 2022, 6:42 am

News Cinema on twitter News Cinema on facebook

Wednesday, 7th December 2022

Latest Web Stories

More Stories
‘The Locksmith’ Review: A Botched Job
Is Chelsea Setting the Market, or Breaking It?
Parents are warned to be alerted after two men ‘tried to kidnap’ boys aged 12 and 13
‘Full Time’ Review: No Rest for the Working Girl
Those Window Stickers to Prevent Bird Strikes? There’s a Catch.
Shell’s Profit Soared to $42 Billion Last Year
Did YOU see the green comet last seen by the Neanderthals that whizzed past Earth last night?
NASA TV is Live as Astronauts Prep for Spacewalk to Continue Power System Upgrades
Encouraging Economic Signs
Coke Studio Bharat kicks off a new season with independent artists, promoting cultural diversity
South Indian actress Nayanthara exposes ugly truth about casting couch, says she was asked for ‘permission’
Wagner recruits ‘are pumped full of drugs that enable them to keep fighting’, says Ukrainian soldier
Firefighter took selfie in front of smoldering Grenfell Tower and used it for his Tinder profile
Anupam Kher receives Grand Tycoon Global Achievers Award for ‘The Kashmir Piles’
King Charles and Queen Consort Camilla host a Buckingham Palace reception
She Took On Atlanta’s Gangs. Now she may be coming for Trump.
Forget Pandemic Puppies. Meet the Inflation Chicken.
Education Firms That Serve Hasidic Schools Are Barred Amid Fraud Inquiry
Power to Punish LIV Golfers Faces a Legal Test in Europe
The Fed increased its interest rates. This is what it means for your personal finances
Viral Video: Thousands in Spain Gather at Church to get Their Pets Blessed; Know why
Kiara Advani and Sidharth Malhotra Hush-hush Royal Wedding in Jaisalmer? Check the date, venue and all the Buzz
Lambeth Council will repay 1,600 drivers it wrongly fined after admitting its road sign was unclear
Pathan Box Office Collection: SRK-Deepika Padukone and John Abraham starrer collects Rs 667 crore worldwide
Anand Pandit says the busy schedule of Big Bull is going on
Pakistan Blast: Peshawar Mosque Bomber who Killed Over 100 Wore Police Uniform; Cops Admit Security Lapse
Ranveer Singh, Alia Bhatt Starrer Rocky Aur Rani Ki Prem Kahani Pushed To July 28
Prosecutors subpoena dentist’s office for records of Leilani Simon accused of murdering her son
More pain for Brits as Bank of England is set to hike interest rates TODAY
Winter Storm Hits Texas, West Virginia, Several Other US States; Over 1,800 Flights Canceled
20 Rare Indian Baby Girl and Baby Boy Names Inspired by Love – Check Names and Exact Meanings
Twitter announces plans to start charging developers to access its application programming interface
Anjali Arora’s latest poignant video breaks the internet after MMS scandal – WATCH
ISIS bride Shamima Begum claims she met ISIS executioner Jihadi John
How Lamborghini-driving grifter conned dozens of investors out of $35m with fake weed business
Bank Of England Is Expected To Raise Rates Again
Australia to Replace Portrait of Queen Elizabeth II on its Banknote
Australia Is Removing The British Monarch From Its 5-Dollar Bill
Avatar: The Way of Water beat ‘The Avengers’ to become the 10th highest grosser of all time in the US.
Pamela Anderson is radiant at NYC party for her new Netflix doc Pamela, a Love Story
Rakhi Sawant cries uncontrollably saying ‘Marriage with Adil Khan is in danger’
Tunisha Sharma death case: Actor’s uncle demands inquiry into role of Sheesan’s relatives