The Trump Organization is headquartered in Trump Tower in New York. – Spencer Platt-GETTY IMAGES NORTH AMERICA-AFP
The former president’s group has been charged with tax evasion and falsifying financial statements, specifically with the aim of hiding financial compensation from certain executives from the tax authorities.
Former US President Donald Trump’s family business, the Trump Organization, was fined up to $1.6 million in New York on Friday for financial and tax fraud, Manhattan prosecutors said in a statement.
The group of American billionaires, candidate for the Republican Party nomination for the 2024 presidential election, has been taken to court for tax evasion and falsification of accounting statements, specifically with the aim of hiding financial compensation from certain high-ranking executives from the tax authorities.
“Today, following historic convictions, former President Trump’s businesses were fined the maximum permitted by law for a total of 17 misdemeanors,” prosecutor Alvin Bragg said in a statement.
A relative of Donald Trump has already been convicted
Specifically, the Trump Organization, which brings together golf clubs, luxury hotels and real estate, has been accused of granting financial or pecuniary benefits to high-ranking executives starting in 2005 and hiding them from the tax authorities in order to avoid paying taxes until 2018.
Among them was a former historic CFO for the company, Allen Weisselberg, long close to Donald Trump, who pleaded guilty to 15 counts and was sentenced Tuesday to five months in prison and more than $2 million in fines on the same count.
When his sentence was announced, Allen Weisselberg, 75, who had started working as an accountant for Donald Trump’s father in 1973, left Rikers Island prison in handcuffs to serve his sentence.
He was accused of raking in around $1.76 million in unreported earnings for years by renting a luxury Manhattan apartment for free, providing Mercedes cars, or paying private school fees for his grandchildren.
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Donald Trump is increasingly concerned about justice
The Trump Organization announced on December 6, when his guilt was announced, through one of his attorneys, Susan Necheles, that she would appeal while trying to pin the blame on Allen Weisselberg, affirming that he himself was “under.” declared oath”. betray the trust of (the) company”.
Donald Trump, who has denounced a “witch hunt” on several occasions, was not personally targeted in this trial and he is not charged in any legal process at this time, but he is seeing the court files piling up, leading him to address the Republican Party 2024 turns nomination race.
In the two most high-profile cases, his supporters’ attack on Congressional headquarters on January 6, 2021 and attempts to overturn the results of the 2020 presidential election, Special Attorney Jack Smith has to deal specifically with potential lawsuits in the former US’s role -Presidents (2017-2021).
However, if he is not criminally charged, the billionaire must appear in a civil trial in New York, along with three of his children, Donald Jr., Eric and Ivanka, who like them are accused of fraudulent tax practices within the Trump Organization.
In this case, New York Attorney General Letitia James accuses the Trump family of “deliberately” manipulating the valuations of the company’s assets in order to obtain more advantageous loans from banks or to lower its taxes.
On behalf of the state, she is demanding $250 million in damages and bans on the ex-president and his family.
Original article published on BFMTV.com
VIDEO – Former Trump CFO Allen Weisselberg has been sentenced to five months in prison