Trump company set for criminal trial in off-books pay scheme

  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Former President Donald Trump's company is set to face trial on charges that it helped some of its executives cheat on their taxes

No, the former president isn’t going on trial. His company is.is accused of helping some top executives avoid income taxesTrump signed some of the checks at the center of the case but he is not charged with anything and is not expected to testify or attend the trial, which starts Monday with jury selection.

His testimony comes as part of a plea agreement that requires him to serve up to five months in New York City’s Rikers Island jail complex, though he could be released after a little more than three with good behavior. The former Trump Organization chief financial officer must also pay nearly $2 million in taxes, penalties and interest and complete five years of probation.

McConney was granted limited immunity to testify last year before a grand jury and could also make an appearance on the witness stand at the trial. The company’s director of security, Matthew Calamari Jr., the son of chief operating officer Matthew Calamari Sr., also received immunity for grand jury testimony., prosecutors called the tax scheme"sweeping and audacious" and said it was"orchestrated by the most senior executives.

The Trump Organization is the entity through which the former president manages his many ventures, including his real estate investments, his many marketing deals and his TV pursuits.

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:

 /  🏆 247. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines