Tag: Trump 15 year tax fraud scheme

Trump appears to acknowledge tax schemes while questioning whether alleged violations are crimes

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Former president Donald Trump lashed out at Manhattan prosecutors Saturday night for indicting his organization and its chief financial officer for tax fraud, calling it “prosecutorial misconduct” in his most extensive comments on the charges since they were unsealed Thursday.

As Trump criticized the investigation, he appeared to acknowledge the tax schemes while questioning whether the alleged violations were in fact crimes.

“They go after good, hard-working people for not paying taxes on a company car,” he said at a rally in Sarasota, Fla. “You didn’t pay tax on the car or a company apartment. You used an apartment because you need an apartment because you have to travel too far where your house is. You didn’t pay tax. Or education for your grandchildren. I don’t even know. Do you have to? Does anybody know the answer to that stuff?” Continue reading.

Eric Trump gets pilloried after giving away the game about the Trump Org indictment on live TV

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The Trump Organization and its Chief Financial Officer Allen Weisselberg found themselves in hot water this week when the Manhattan DA revealed an indictment alleging a pattern of criminal financial conduct dating back more than a decade.

While it comes as no surprise that the Trump Organization remains a major topic of discussion today, legal experts, observers, and Twitter users are also puzzled by the public comments about the matter from one person who probably should have been silent: Eric Trump.

Under normal circumstances, people under the heat of criminal investigation are well-advised to refrain from making any remarks about the matter. But the former president’s son didn’t heed that counsel. Continue reading.

Prosecutors allege a 15-year tax fraud scheme as the Trump Organization and CFO Allen Weisselberg are arraigned on multiple criminal charges

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NEW YORK — Prosecutors charged former president Donald Trump’s business with a 15-year “scheme to defraud” the government and charged its chief financial officer with grand larceny and tax fraud in a Manhattan courtroom Thursday, describing what they said was a wide-ranging effort to hide income from tax authorities.

In charging papers, prosecutors alleged that the Trump Organization effectively kept two sets of books. In one — for internal use — it carefully tallied the value of benefits given to executives as part of their compensation: apartments, cars, furniture, tuition payments, even money for holiday gifts.

But in the documents that the Trump Organization sent to tax authorities, prosecutors said, those benefits were omitted. Prosecutors said the result was that the Trump Organization and its executives avoided taxes on their full compensation: CFO Allen Weisselberg, they said, avoided paying more than $900,000. Continue reading.