Trump's Companies Went Through 'Cleanup Process' After He Took Office

  • 📰 RollingStone
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

“We corrected everything we had to correct,' former CFO Allen Weisselberg said in court on Thursday about the companies' bookkeeping.

Under Weisselberg’s plea deal, he was obligated to “testify truthfully” at the trial if called to do so. If Weisselberg holds up his end of the bargain, then his punishment would be about five months in jail.

Trump is not on trial, but the prosecution has closely tied this purported illegal conduct to him. During prosecutor Susan Hoffinger’son Oct. 31, she said that from 2005 to 2017, “when most of the criminal conduct occurred,” these businesses were “owned by Donald Trump.” Trump’s company also allegedly covered the lease payments on two Mercedes-Benzes that Weisselberg and his wife used as their personal cars, and gave cash to Weisselberg around the winter holidays, so he could give people “personal holiday gratuities.”

Did Trump cover the private school tuition personally? “Correct,” Weisselberg answered. He admitted that the nearly $2 million in benefits should have been taxed, but were not reported as income on his tax forms. “Yes,” Weisselberg responded. He also answered in the affirmative when asked whether the Trump Payroll Corporation should have included these benefits on his W-2s.

When Weisselberg was “cleaning up” everything, he allegedly told Calamari about this documentation. At some point, Weisselberg noticed it was gone from his drawer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If his admissions were supposed to be a searing indictment of Trump and his kids, it came up short. Real short.

Trump’s Pentangeli

You mean 'covered up'?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 483. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Trump Organization CFO Allen Weisselberg takes the stand in criminal case against companyFormer Trump Organization CFO Allen Weisselberg takes the witness stand to testify against his employer in a criminal tax fraud case against the company, telling jurors that Donald Trump had been aware of the unusual pay structure for high-level employees. Nice try commie news NBC = Nothing But Crap Well, Doony.
Source: NBCNews - 🏆 10. / 86 Read more »

Former Trump financial lieutenant Allen Weisselberg testifies against two Trump companiesAfter working for Trump family businesses for nearly 50 years, Allen Weisselberg, 75, took the witness stand Tuesday and started testifying for prosecutors in the criminal tax fraud case against two of those companies. Nobody in the Trump family will spend one day in jail because of this testimony. Stop continually falling for this I’ve known people that have spent more time in jail for failure to appear warrants than the Trumps have. And the Trumps are the actual crooks Mafiosi.
Source: USATODAY - 🏆 100. / 63 Read more »

Former Trump Organization executive Allen Weisselberg takes the stand to testify against the companyProsecutors allege Allen Weisselberg was part of a corporate scheme to help Trump Organization executives 'cheat' their taxes. Pretty sure you don't need quotation marks here. Another crime for garland to ignore Seeing that Donald, Don Jr and Eric are the executives, pretty much spells it out.
Source: CBSNews - 🏆 87. / 68 Read more »