Sydney

Trump’s company CFO acquits fraud

A company named after Donald Trump, a long-time chief financial officer acquitted criminal charges in a large-scale prosecution from a district attorney in Manhattan investigating the former U.S. president and his business practices. Did.

The Trump Organization and its Chief Financial Officer Allen Weisselberg have been providing “off-book” benefits to company executives since 2005 to avoid paying taxes in the federal and state states. , Was charged with planning to deceive local tax authorities.

Having worked for Trump for 48 years, Weisserberg was able to avoid paying taxes on income of more than $ 1.7 million (A $ 2.3 million), including housing, tuition and car leasing payments. Count prosecutions.

Fees include tax evasion and falsification of business records.

They were announced the day after the grand jury indicted Trump’s company and Weisserberg.

“This was a 15-year tax evasion plan with off-book payments,” prosecutor Carrie Dunn said in an indictment in the Manhattan Criminal Court.

“It was coordinated by the most senior executives who had financially benefited themselves and the company by getting secret salary increases at the expense of state and federal taxpayers,” he said.

The indictment can undermine the relationship between Trump’s company and its banks and business partners.

It could also complicate Trump’s political future as Trump resumes rallies and rounds at the White House in 2024.

District Attorney Cyrus Vance began an ongoing investigation almost three years ago and has been working in the office of New York State Attorney General Letitia James for the past few months.

Vance and James are Democrats, both attending Thursday’s prosecution.

73-year-old Weisserberg was handcuffed when he was taken to court.

Trump’s company CFO acquits fraud

Source link Trump’s company CFO acquits fraud

Related Articles

Back to top button