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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Trump Org's Courtroom Shenanigans Are Wearing Thin
The Trump Orgs Courtroom Shenanigans Are Wearing Thin
HEAR NO EVIL
The Trump Organizations accountant is showing just how sloppy the companys finances were. But his reluctance to come clean all the way is pissing off prosecutorsand the judge.
Jose Pagliery
Political Investigations Reporter
Published Nov. 15, 2022 4:56AM ET
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The company that Trump used to launch himself into stardom and eventually catapult him to the White House is now on trial in New York City, accused of breaking the law by showering its former CFO with untaxed benefits. Last week, prosecutors revealed that arrangement extended far beyond just Allen Weisselberg, documenting how several other executives were able to artificially lower their pre-tax wages by diverting some of their pay toward luxury cars, high-end Manhattan apartments, and even categorizing huge chunks of their full-time salaries as independent contractors.
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The trial on Monday revealed that the CFO shifted $6,000 of his salary to his wife, Hilary Weisselberg, in what seemed like a bid to simply get her to qualify for benefits like taxpayer-funded Social Security. On more than one occasion, the companys top financial officer would redirect his salary in a way that would score him cheaper prices and a lower tax bill. Jurors were shown a bill reflecting how Weisselberg used a company discount to buy $1,800 of electronics at a local P.C. Richards storereducing his taxed salary.
But that frugal approach also extended to the way he treated blue-collar workers. McConney, sporting a broad smile beneath his white mustache, testified that his former boss was so cheap that he once harangued him for tipping too much on a business meal during a trip in Florida.
McConney recalled the way Weisselberg scolded him by saying, "Why are you spending 20 percent? I only leave 15. I don't know why youre spending so much money."
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The company faces a bank and tax fraud lawsuit from the New York Attorney General, and Justice Arthur F. Engoron appointed retired federal judge Barbara S. Jones to ensure the company doesnt shift around its assets and become an empty shell before the $250 million lawsuit goes to trial. She is also tasked with ensuring the company doesn't keep engaging in fraud by lying to banks, insurance companies, and tax authorities.
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https://www.thedailybeast.com/the-trump-organizations-courtroom-shenanigans-are-wearing-thin?ref=scroll
NQAS
(10,749 posts)Weisselberg is a crook. But hes also a patsy. All this crap is piddly shit unless he drops his former boss into the middle of it. On the stand. Under oath. With incontrovertible proof.
Scrivener7
(50,949 posts)implicate tfg. That agreement was reached a few months ago.
Scrivener7
(50,949 posts)they are talking about a transfer of $6000 and a company discount used to pay for $1800 worth of goods.
And McConney is insisting that no one but he and Weisselberg knew anything and refuses to actually say anything that makes sense.
After YEARS of preparation for this case, this does not fill me with confidence.