Tax fraud trial of Trump family business set to begin in New York

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The family business of former US president Donald Trump is facing potential fines of over $1.5 million if found guilty. theSun theSundaily court fraud tax DonaldTrump UnitedStates

U.S. President Donald Trump smiles next to first lady Melania Trump and members of their extended family after his acceptance speech as the 2020 Republican presidential nominee during the final event of the Republican National Convention in Washington, U.S., August 27, 2020. REUTERSPIX: The family business of former US president Donald Trump is facing potential fines of over $1.5 million if found guilty of fraud and tax evasion during a New York trial set to begin Monday.

A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife and private school tuition for his grandchildren. Weisselberg has so far refused to give testimony directly implicating the former president in the scheme.Two subsidiaries of the Trump family's sprawling real estate, golf and hospitality business are targeted by the suits.

Her office is seeking $250 million in fines against the former president, and that his family be barred from conducting business in the state. He is at the center of a Justice Department investigation into the handling of highly classified documents, which the FBI seized from his Florida home in a raid, as well as multiple state and federal probes into his involvement in the January 6, 2021 attack on the US Capitol.

 

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