Similar Stories to Trump Organization Convicted In Executive Tax Dodge Scheme on Bing News

(NEW YORK) — Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business. The guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars. The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren’t expected to be severe enough to jeopardize the future of Trump’s company. [time-brightcove not-tgx=”true”] As punishment, the Trump Organization could be fined up to $1.6 million — a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated. Read More: The Major Ongoing Investigations Into Donald Trump Trump, who recently announced he was running for president again, has said the case against his company was part of a politically motivated “witch hunt” waged against him by vindictive Democrats. Trump himself was not on trial but prosecutors alleged he “knew exactly what was going on” with the scheme, though he and the company’s lawyers have denied that. The case against the company was built largely around testimony from the Trump Organization’s former finance chief, Allen Weisselberg, who previously pleaded guilty to charges that he manipulated the company’s books and his own compensation package to illegally reduce his taxes. Weisselberg testified in exchange for a promised five-month jail sentence. To convict the Trump Organization, prosecutors had to convince jurors that Weisselberg or his subordinate, Senior Vice President and Controller Jeffrey McConney, were “high managerial” agents acting on the company’s behalf and that the company also benefited from his scheme. Trump Organization lawyers repeated the mantra “Weisselberg did it for Weisselberg” throughout the monthlong trial.

More News

Renck: There’s plenty of blame to go around for Broncos’ awful offense, starting with O-line: “They are choosing to be tired”
Denver Post, Friday - 09/20/2024 - 09:00 PM
Last week reminded us that the Broncos are in deep trouble this season. Once again, interceptions were thrown, penalties called, runs stuffed and hands wrung. The blaring alarm comes from offensive statistics that look bad, are bad, and seem impossible to comprehend for a team not wearing leather helmets and playing on black-and-white TVs with rabbit ears. No one disputes the premise that the Broncos offense stinks.
More | Talk | Read It Later | Share
You Can Tell A Lot About Hovde By The Company He Keeps
The Daily Dot, Friday - 09/20/2024 - 09:00 PM
A few weeks ago, Eric Hovde became very defensive when it was learned that at least one foreign government had money in his California-based bank. I can't even imagine how he's feeling now that news is breaking that his bank was involved in a $26.2 million deal with a Mexican bank that has ties to drug cartels and money laundering, compliance issues and even bribery of a Texas congressman, per a report by Dan Bice of the Milwaukee Journal Sentinel: According to a May story in the Wall Street Journal, Banco Azteca has struggled doing business with U.
More | Talk | Read It Later | Share
Colorado high school football: How Post Preps Top 10 teams fared in Week 4
Denver Post, Friday - 09/20/2024 - 08:26 PM
Class 5A 1. Cherry Creek (2-1) at Highland Park (Texas), 51-39: The Bruins went into Dallas and handed the Highland Park Scots their first home loss in three years. Junior running back Jayden Fox ran for 206 yards and two TDs, the first giving Creek a 34-17 lead on the Bruins’ first possession of the second half.
More | Talk | Read It Later | Share
Rep. Frost Brings Fire Over Comer's Blatant Abuse Of Power
The Daily Dot, Friday - 09/20/2024 - 08:00 PM
Representative Maxwell Frost (D-FL) was in no mood for any of Rep. James Comer's bullshit games and brought the heat straight at him: FROST: This committee functions as an extension of the Trump campaign. First, we went after President Biden with a nonsense impeachment hearing. Then we went after his son.
More | Talk | Read It Later | Share
Avalanche boasts more depth on defense, but open lineup spots offer intriguing camp battle
Denver Post, Friday - 09/20/2024 - 07:47 PM
Oliver Kylington was excited about a new opportunity, but he did not have spending more than two weeks in a Canadian hotel room on his offseason preparation bingo card. Kylington signed a one-year contract on Aug. 5 with the Colorado Avalanche. The 27-year-old is one of several new defensemen with the organization who, along with Sam Malinski, are competing for one of two openings on the blue line in the Avs’ lineup. When training camp started Thursday, Kylington had to wait.
More | Talk | Read It Later | Share
Denver Voice, a homelessness-focused newspaper, is closing due to financial struggles
Denver Post, Friday - 09/20/2024 - 07:01 PM
The Denver Voice, a free monthly paper that provides job opportunities to people who are homeless through a low-barrier vendor program, is shutting down for at least one month because of a lack of money, according to a post on its Facebook page Friday afternoon. The paper’s management hopes the closure will be temporary. “Due to an ongoing lack of funds, we cannot pay our staff, cover our expenses, or continue supporting our vendor program,” the post reads in part.
More | Talk | Read It Later | Share

Similar Stories to Trump Organization Convicted In Executive Tax Dodge Scheme on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More News