When Manhattan District Attorney Alvin Bragg indicted the Trump Organization and its CFO Allen Weisselberg in July of 2021, Trump’s personal attorney Ronald Fischetti scoffed to Politico that “This is so small that I can’t believe I’m going to have to try a case like this.”
In fact, it was not “small”, as shown by the 15-count indictment which meticulously detailed a years-long conspiracy to stiff federal, state, and municipal tax authorities out of more than a million dollars by shifting compensation into untaxed perks and side agreements. The only limit was the conspirators’ imagination — they were certainly not bothered by state or federal law.
The company paid for Weisselberg’s rent and cars with pre-tax dollars. It paid his grandchildren’s private school tuition. It even shifted part of his compensation to other Trump-owned entities, such as the Wollman Rink and Mar-a-Lago, which paid him as a contractor so that he could set up Keogh plan once he’d maxed out his 401k and Social Security contributions. Always be hustling!
Naturally the company kept a second set of books documenting the declining balance as Weisselberg’s $940,000 annual compensation was whittled down to a more reasonable figure to report to Uncle Sam.
Trump Organization controller Jeffrey McConney returned to the stand to testify about these machinations today. McConney had already testified multiple times to the grand jury, and reportedly sought to cast this arrangement as an innocent mistake.
“I didn...
Supreme Court has directed all States to probe motor vehicle insurance claims after it was found that fraudulent methods are being employed to cheat insurance firms. Make Us Your Preferred Sourc...