DIRS.INFO The most relevant business & tech news

☆ How NY's Judge Engoron is tightening the leash on Trump ahead of looming Truth Social merger and fraud judgement deadline
▼ + stars: | 2024-03-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

There are currently 415 entities — including the LLCs holding his physical properties — under the Trump Org umbrella. Trust Revocable Trust, which holds all of Trump Org's assets and for which Trump is the sole beneficiary. The judge also ordered on Thursday that Trump foot the bill for the additional staff needed for this extra monitoring. More penaltiesViolations of Thursday's order could result in the judge ordering more penalties against Trump Org, the judge warned. Trump and his three codefendants — Donald Trump, Jr., Eric Trump, and former Trump Org CFO Allen Weisselberg — owe a combined fraud-trial penalty of $467 million as of Thursday, according to a penalty calculator maintained by the Associated Press.

Persons: —, Donald Trump's, Trump's, Barbara Jones —, who's, Arthur Engoron, Trump, Engoron, Donald J, Jones, Letitia James, — Donald Trump , Jr, Eric Trump, Allen Weisselberg —, he's Organizations: Service, Wall Street, Business, Trump Organization, Trump Org, Trump, Trump's, Revocable Trust, New York, Associated Press, New, Bloomberg Locations: Trump's, New York, Westchester County, Manhattan, Seven Springs

☆ Trump's former CFO will plead guilty to NY fraud trial perjury: NYT
▼ + stars: | 2024-03-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Allen Weisselberg, Trump Org's top fiscal officer for 30 years, will plead to perjury, the Times reports. The ex-CFO allegedly lied on the stand at Donald Trump's civil fraud trial in New York last year. His plea is expected Monday in Manhattan; Weisselberg has served jail time and now faces more. AdvertisementAllen Weisselberg, Donald Trump's longtime, loyal top moneyman at the Trump Organization, is expected to plead guilty Monday to lying on the stand during the former president's civil fraud trial in New York last year. More recently, he was a key witness last October at Trump's Manhattan civil trial, in a case that uncovered a decade of fraud in the company's annual financial statements.

Persons: Allen Weisselberg, Donald Trump's, Weisselberg, —, Weisselberg's, Danielle Filson, Michael Cohen, " Cohen, He's, Trump Organizations: Trump, Times, Service, Trump Organization, New York Times, Manhattan District, Trump Org, Manhattan Locations: New York, Manhattan, New York City, Weisselberg

☆ Trump is fighting back after a court monitor report that suggested he evaded taxes
▼ + stars: | 2024-01-30 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A letter from Donald Trump's court monitor in his fraud trial suggests he lied about a $48 million loan. The team also provided a memo from the Trump Org's legal department stating that the loan was paid off. AdvertisementDonald Trump is fighting back after a court monitor's footnote indicated that the former president may have committed tax fraud. The Daily Beast first reported on Sunday the note from Jones is a clue Trump used a fake $48 million loan as a vessel to avoid paying income taxes. Advertisement"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.

Persons: Donald Trump's, —, Donald Trump, Barbara Jones, Arthur Engoron, Donald J, Trump, Jones, Judge Jones, Martin Lobel, Clifford S, Robert, Christopher Kise, , Jason Flemmons, Kise Organizations: Trump, Service, Trump Organization, Manhattan Supreme, Chicago, Daily Beast, Daily, Business, Government, Trump Org, Mezz Venture

☆ Fraud-trial judge saves Trump from what could have been a shoot-self-in-foot plan to call Trump Org's court-ordered watchdog as a defense witness
▼ + stars: | 2023-11-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

The judge nixed that plan; meanwhile, on December 11, Trump will be his own final defense witness. In her 12 months as Trump Org's independent watchdog, Jones, a retired federal judge, has repeatedly described Trump Org's ongoing difficulties with thoroughness and transparency. New York Unified Court System"Were you aware that Judge Jones had prepared a report, saying that certain reporting has been incomplete?" "Were you aware that Judge Jones had identified such inconsistencies?" It is the ninth week of trial, and the third week of Trump's defense case.

Persons: Barbara Jones, Trump, —, Donald Trump's, Arthur Engoron, Jones, Andrew Amer, Letitia James, Judge Jones, Amer, Mark Hawthorn, Hawthorn, Clifford Robert, Robert, Christopher Kise, Kise, I'm, Engoron, Eric Trump, Donald Trump Organizations: Trump, Service, Trump Organization, Trump Organization . New York Unified, Hawthorn Locations: New York, Manhattan, Trump's

☆ Donald Trump has worst day yet in NY civil fraud trial as underling's scribbled note ties him to conspiracy
▼ + stars: | 2023-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

The Trump civil fraud trial is now in its eighth week in New York. A handwritten note that implicates Donald Trump in his NY fraud trial. Donald Trump attends his New York civil fraud trial. Trump speaking to reporters outside the courtroom during his civil fraud trial in New York. And in a pre-trial deposition, he denied knowing who had written, "DJT to get final review" on that 2014 draft.

Persons: Jeffrey McConney, McConney, —, Donald Trump, Trump, Letitia James, Donald Trump's, Seth Wenig, Andrew Amer, Amer, Eric Trump, Allen Weisselberg, James, Weisselberg, — McConney, Mazars, Arthur Engoron, McConney's, Jesus Suarez, he'd, Mark Hawthorn Organizations: Trump, Service, Trump Organization, Trump Org's, NY, New York, White House, Trump Org, AP, Mazars, General's, Trump Hotels Locations: New York, York, Mazars USA, Weisselberg

☆ Ivanka Trump can't recall key details of the single biggest fraud-trial penalty threat her father faces
▼ + stars: | 2023-11-08 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

At her family's civil fraud trial, Ivanka Trump was grilled about the 2011 Old Post Office lease. AdvertisementAdvertisementIn afternoon testimony at her family's civil fraud trial in Manhattan, Ivanka Trump repeatedly said she could not remember key details about the single, costliest penalty threat her father faces in the case. Donald Trump, Jr. and Eric Trump – both executive vice presidents at Trump Org and defendants in the AG's case – made $4 million each. Ivanka Trump, too, made $4 million. Ivanka Trump is the final witness in the attorney general's direct fraud case against Donald Trump, his company, and his top executives.

Persons: Ivanka Trump, —, Donald Trump, Letitia James, Trump, Donald Trump , Jr, Eric Trump –, James, Michael M, Santiago, Donald Trump's, Donald J, Louis Solomon, she'd, Solomon, curtly Organizations: NY, Service, Post Office, Washington , D.C, New York, Trump International, Trump Organization, Trump Org, Post, government's General Services Administration, Trump, GSA Locations: Manhattan, Washington ,

☆ Quash my subpoena, Ivanka Trump tells NY judge, in asking not to testify against her father.
▼ + stars: | 2023-10-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Ivanka Trump has been subpoenaed to testify in her dad's ongoing civil fraud trial in New York. AdvertisementAdvertisementIvanka Trump is fighting hard against being forced to testify against her father and brothers in the ongoing Trump civil fraud trial in New York. The objection, in court papers filed late Thursday, calls the New York Attorney General's Office subpoena overly broad. It also accuses the AG's office of botching how it served Ivanka Trump with her subpoena, alleging a technical foul her lawyer says should invalidate her obligation to testify. James alleges that Trump and his company used fraudulently exaggerated net-worth statements in winning favorable interest rates and other benefits from lenders, particularly Deutsche Bank, for which Ivanka Trump was her father's primary point-woman.

Persons: Ivanka Trump, —, Trump, Bennet J, Moskowitz, Letitia James, Donald Trump , Jr, Eric Trump, Ivanka, James Organizations: NY, Service, New York, Trump Organization, Trump, Post Office, Trump International Hotel, Tower, Trump National Doral, Deutsche Bank Locations: New York, Washington, Washington , DC, Chicago, Miami

☆ Gagged but still hollering, Donald Trump returns to his NY fraud trial and calls AG Letitia James a lunatic
▼ + stars: | 2023-10-17 | by ( Laura Italiano | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Donald Trump has returned to his civil fraud trial in New York. Two limited gag orders didn't stop him from addressing reporters in true Trumpian fashion. "Letitia" has been "ranting and raving like a lunatic," he complained of state AG Letitia James. "This is the attorney general of New York state, Leticia James, and she shouldn't be allowed to be attorney general, she's defrauded the public with this trial." AdvertisementAdvertisementTrump's civil fraud trial gag order is limited in scope.

Persons: Donald Trump, didn't, Letitia, Letitia James, —, who's, Trump, Leticia James, she's, Donald Trump , Jr, Eric Trump –, James, Eric Trump, Arthur Engoron Organizations: Service, New, Trump, Radical Left, WHO Locations: New York, Manhattan, Washington, DC, America

☆ Trump bails out of fraud trial on 3rd day: He came, he scowled, he got gagged, and left
▼ + stars: | 2023-10-04 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Donald Trump left his NY business fraud trial Wednesday after attending for two and a half days. Trump must return in the coming weeks to testify in the $250 million civil trial, brought by the NY AG. "The Trump show is over," James, who has also attended the trial, told reporters after her lead defendant's departure. Over the break, Trump flew the coop. AdvertisementAdvertisementMeanwhile, testimony inside is expected to plod on.

Persons: Donald Trump, Trump, —, speechifying, Letitia James, James, Biden, Jack Smith, Engoron, he'd, Donald Bender, Bender, Camron Harris, Whitley Penn Organizations: NY AG, Service, Wednesday, Justice Department, New York, Trump Organization, New York Police Department, Palm, Trump, Trump Org's Locations: Manhattan, New York, Iowa

☆ Trump and his 3 eldest children will testify at his business-fraud trial. Here's the whole list.
▼ + stars: | 2023-09-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Now, she must testify against her father and brothers Donald Trump, Jr., and Eric Trump, who remain as plaintiffs. AdvertisementAdvertisementThere are 25 witnesses in all on James' list, including Trump corporate employees, lenders, insurers, and appraisers, all compelled by subpoena to testify. The list indicates that on their direct defense case, Trump's side, too, intends to call Donald Trump and Eric Trump, who continues to manage the Trump Organization. They do not list Ivanka Trump and Donald Trump, Jr., as witnesses. The trial will determine whether the other defendants, including Eric Trump and Donald Trump, Jr., a Trump Org executive vice president and trustee, are also liable for fraud.

Persons: Trump, Letitia James, —, Donald Trump, Ivanka Trump, she's, Donald Trump , Jr, Eric Trump, Donald Bender, Trump's, Bender, James, Mazars, Jeffrey McConney, Allen Weisselberg, Michael Cohen, Arthur Engoron, Donald Trump's, Engoron Organizations: Service, Trump Organization, Deutsche Bank, Trump Org's, Post, Mazars USA, Trump, New, Trump Org Locations: NYC, Manhattan, Washington, York, New York

☆ Will the Trumps lose their homes? NY judge who dissolved Trump Org is cryptic at a tense hearing
▼ + stars: | 2023-09-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's lawyers were back on Wednesday before the NY judge who on Tuesday "dissolved" Trump Org. One asked the judge if the LLCs that own the Trumps' homes are covered under the dissolution. But concern – including over the fate of the Trump residences that are held as LLCs under the Trump Org umbrella – was present in abundance. At Wednesday's morning-long hearing, the judge gave Trump's side the 30 days they requested to agree to a receiver. 'You have New York entities that just own a house or a townhouse.

Persons: I'm, —, Donald Trump, Trump, Arthur Engoron, Engoron, Letitia James, Barbara Jones, general's, Chris Kise, Don Jr, Kise, I'd, Judge Jones Organizations: NY, Trump, Service, Trump Organization, Trump Org, York, New York, Trump Tower Locations: Manhattan, New York, York

☆ In victory for Trump, an appellate court in Manhattan grants a temporary stay in his October business-fraud trial
▼ + stars: | 2023-09-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump and Trump Org were due to start trial on October 2 over New York's accusations of widespread business fraud. Thursday, an appellate judge in Manhattan granted what may only be a temporary hold on that date. The parties will now spend two weeks mired in an appellate-level, litigation side-show over Trump's claim that NY's case is too old. Four legal sources confirmed the new litigation sideshow and Thursday's trial date stay for Insider. AdvertisementAdvertisement"We are confident in our case and will be ready for trial," a spokeswoman for the attorney general's office said late Thursday.

Persons: Donald Trump, David Friedman, Letitia James, Trump, Donald Trump , Jr, Eric Trump, James, Arthur Engoron, Trump's, Ivanka Trump, They'll Organizations: Trump, Trump Org, Service, Daily, New, Trump Organization Locations: Manhattan, Wall, Silicon, New York, Washington, DC, United States

☆ Trump told NY officials he was too busy saving the world 'from nuclear holocaust' to commit business fraud
▼ + stars: | 2023-08-31 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

In a sworn deposition, Trump told New York officials he was too busy "saving millions of lives" to commit business fraud. AdvertisementAdvertisementDuring the Trump administration, Donald Trump's assets within the Trump Organization were transferred to a trust controlled by Eric Trump, Donald Trump Jr., and Allen Weisselberg, the company's chief financial officer at the time. The elder Trump was "focused on doing something much larger than the Trump Organization" at the time, Eric Trump said in his deposition. Otherwise, he has left his two eldest sons and other executives to run the company, Eric Trump said. Weisselberg, as well as the Trump Organization, were convicted in a criminal case over a payroll tax-fraud scheme last year.

Persons: Trump, NY AG Letitia James, Donald Trump, Kevin Wallace, Letitia James, general's, he's, Eric, I've, Eric Trump, Donald Trump's, Donald Trump Jr, Allen Weisselberg, Don, Weisselberg, James, Donald Trump , Jr, Biden Organizations: New, NY AG, Service, New York, Trump, Trump Organization, Biden Locations: Wall, Silicon, New York, North Korea, China, Russia, Ukraine

☆ Why New York AG Letitia James is probably Trump's biggest worry right now (not Jack Smith, Fani Willis or Alvin Bragg)
▼ + stars: | 2023-07-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

In three months, Trump faces a civil fraud trial that could run his Trump Organization out of New York. There's Jack, and Fani, and Alvin, of course, all poised to prosecute the former president criminally. And Donald Trump, Donald Trump, Jr., Ivanka Trump, and Eric Trump would further be banned from ever running a business anywhere in the state. The financial and psychic toll to being a mogul in exile would be great, two Trump biographers told Insider. Smith appears on the brink of winning a new indictment, relating to the 2020 election, as does District Attorney Fani Willis in Atlanta.

Persons: Trump, Donald Trump's, There's Jack, Alvin, there's, —, Letitia James —, James, Donald Trump, Donald Trump , Jr, Ivanka Trump, Eric Trump, crowing, Michael D'Antonio, he's, D'Antonio, Alvin Bragg's, Jack Smith's Mar, Smith, Fani Willis, Chris Christie, David Aaron, Aaron, Perkins Coie, Aileen Cannon, Ira Judelson, Dominique Strauss, Kahn, Arthur Engoron, New York —, Nobody, Gwen Blair, Blair, he'll Organizations: Trump Organization, Service, — New York, Trump, New, Republican, Manhattan, Mar Locations: New York, Manhattan, Wall, Silicon, New Yorker, Florida, Atlanta, New Jersey, Washington, DC, Mar, Delaware, Trump Org's, York, Queens, Emerald City, Miami, Bedminster , New Jersey, New York City

☆ Trump Org sentenced to pay a $1.6 million tax-fraud fine Friday, but the fraud still yields a profit for Trump
▼ + stars: | 2023-01-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump Org must pay $1.6 million, the maximum fine allowed by law, a Manhattan judge ordered Friday. The fine is Trump Org's penalty for a decade-long tax-fraud scheme it was convicted of last month. The fine is the maximum allowed under New York State law, and came with harsh words from a Manhattan prosecutor. Trump saved millions in payroll costs over the course of the decade-long scheme, Manhattan prosecutors have repeatedly argued. He added that the Trump Organiztion and Weisselberg sentencings "closes this important chapter of our ongoing investigation into the president's businesss."

☆ Political experts don't think the Trump Org's felony status is enough to kill Donald Trump's chances in 2024: 'At some point, the Republican party has to decide how much they're willing to overlook'
▼ + stars: | 2022-12-07 | by ( Lauren Frias | ) www.businessinsider.com time to read: +4 min

But experts don't think the conviction is enough to tamp down his chances in the 2024 election. "But at some point, the Republican party has to decide how much they're willing to overlook before they just cut him loose," Crouse said. "That's not really a logical analysis, that's more a poetic analysis, but I think it does have symbolic significance in that sense." "Even though [Trump] wasn't a defendant, it's at his feet, and it can be portrayed that way by his enemies both inside the Republican party and outside the Republican party," O'Brien added. "And I think that's going to weaken his candidacy" in 2024, especially as his hold on the GOP is challenged by a potential presidential hopeful: Florida Gov.

☆ How Trump Org's tax fraud conviction could bar Trump from federal contracts, even for Secret Service
▼ + stars: | 2022-12-06 | by ( Laura Italiano | Dave Levinthal | ) www.businessinsider.com time to read: +9 min

The Trump Organization was found criminally liable of tax fraud on Tuesday after a six-week trial. A ban could end his 'exorbitant' billing of Secret Service agents who protect him at his resorts. At the Trump Organization headquarters in Trump Tower on Fifth Avenue, the cars, apartments, and tuition were considered part of Weisselberg's $940,000-a-year income, prosecutors said. Secret Service a tough targetWatchdogs concede that Trump's Secret Service billing is a tough target. Barring the unlikelihood of a cash-free solution — Trump letting the Secret Service "stay at our properties for free," as Eric Trump once promised, or forgoing Secret Service protection voluntarily, as Richard Nixon did — Trump's Secret Service spigot may well remain open, watchdogs acknowledge.

☆ Trump Org's new court-appointed 'watchdog,' retired judge Barbara Jones, can now inspect the company books
▼ + stars: | 2022-11-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Retired federal judge Barbara Jones, left, is the newly-appointed special monitor for the real estate company owned by former President Donald Trump, right. Jones will monitor for what a Manhattan judge has termed persistent fraud at Donald Trump's company. The company must give her at least 30 days' notice of any plan to sell "significant" assets or restructure the company. Trump's company must pay Jones and any other professionals she reasonably finds necessary for her work. The longtime company financial executive must testify truthfully to keep his August low-jail tax-fraud plea deal.

☆ As Trump Org's jail-bound ex-CFO testifies, Harvey Weinstein's prison consultant is watching
▼ + stars: | 2022-11-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Jail-bound Allen Weisselberg, Trump's ex-CFO, is testifying in the Trump Org tax-fraud trial. Harvey Weinstein's prison coach, Craig Rothfeld, is sitting with the ex-CFO's lawyers, watching. Clearly still loyal to Trump, his boss since the mid-'80s, Weisselberg has been doing a delicate dance on the witness stand. If he displeases prosecutors, the 75-year-old accountant could find himself serving a state prison term. Prosecutors, though, must prove that Weisselberg intended this benefit to the company, something he has yet to say.

☆ 5 reasons Trump's ex-CFO, testifying in the Trump Org tax-fraud trial, is the worst prosecution witness ever
▼ + stars: | 2022-11-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

The Trump Organization tax-fraud trial is in its fourth week; ex-CFO Allen Weisselberg is testifying. But was Allen Weisselberg, Trump's first and only chief financial officer, ever really flipped? Or Trump's company, which is still paying him $1.4 million this year in salary plus bonus? Here are five reasons Weisselberg is shaping up to be the worst prosecution witness ever. Donald Trump or Eric Trump approved those executive salaries, bonuses and perks, Hoffinger, the prosecutor, told jurors, who have seen many of the signed checks and signatures that prove this.

☆ Trump Org's ex-CFO says Eric Trump will decide if he'll get his annual $500,000 bonus after his testimony in the criminal trial
▼ + stars: | 2022-11-15 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Weisselberg testified in court that Eric Trump will decide if he gets his annual $500,000 bonus. Weisselberg is the prosecutors' key witness in the criminal tax-fraud trial of Donald Trump's company. When asked by a prosecutor whether he still expects to receive his annual $500,000 bonus this year, Weisselberg replied, "I don't know yet." prosecutor Susan Hoffinger asked Weisselberg in the lower Manhattan courtroom, prompting him to reply, "Eric Trump," who is one of Donald Trump's three sons. Hoffinger asked Weisselberg, who then answered, "Yes."

☆ Trump Org prosecutors reveal some of their own witnesses 'won't even talk to us' because they're pro-Trump
▼ + stars: | 2022-10-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

During jury selection, prosecutors revealed two DA witnesses have stopped meeting with them. At least three DA witnesses, including Trump Org's ex-controller and CFO, remain on Trump's payroll. McConney and at least one other key DA witness also remain on the Trump payroll, Insider has learned from multiple sources. "And the fact that witnesses are still working at the Trump Corporation, that they're meeting with the Trump Corporation, they won't meet with us … Those things go towards, you know, witness hostility, witness adversity. I feel like they have been threatening me and my family and everybody in the Trump Corporation.'"

☆ How a conviction in Trump Org's upcoming trial could bar Trump from federal contracts, even for Secret Service
▼ + stars: | 2022-10-23 | by ( Laura Italiano | Dave Levinthal | ) www.businessinsider.com time to read: +9 min

A ban could end his 'exorbitant' billing of Secret Service agents who protect him at his resorts. Add to that the recent news that the Trump Organization had billed the Secret Service more than $ 1.4 million to stay at Trump properties during the former president's time in office. At the Trump Organization headquarters in Trump Tower on Fifth Avenue, the cars, apartments and tuition were considered part of Weisselberg's $940,000-a-year income, prosecutors allege. Secret Service a tough targetWatchdogs concede that Trump's Secret Service billing is a tough target. Barring the unlikelihood of a cash-free solution — Trump letting the Secret Service "stay at our properties for free," as Eric Trump once promised, or forgoing Secret Service protection voluntarily, as Richard Nixon did — Trump's Secret Service spigot may well remain open, watchdogs acknowledge.

Search resuls for: "Trump Org's"

23 mentions found