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☆ Trump's hush money verdict hinges on a single piece of paper. See the most important evidence in the case.
▼ + stars: | 2024-05-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"

Persons: —, Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia

☆ A bunch of terrible stuff happened to Jennifer Weisselberg after she ratted on her husband and the Trump Organization to prosecutors
▼ + stars: | 2023-11-14 | by ( Grace Eliza Goodwin | Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Jennifer Weisselberg is the former daughter-in-law of Allen Weisselberg, who served as the chief financial officer for the Trump Organization and was convicted of tax fraud earlier this year. Eviction proceedings against Jennifer Weisselberg began in October 2020 with Allen Weisselberg listed as her guarantor. But over the next few months — as Jennifer Weisselberg began speaking publicly with the media about the Trump Organization — the lawsuit against Jennifer and Allen Weisselberg shifted, according to The Nation. In March 2023, Jennifer Weisselberg signed a settlement agreement to pay back half the rent she owed and move out. AdvertisementAdvertisementJennifer Weisselberg told The Nation she believed speaking out against the Trump Organization would help her get her kids back.

Persons: Jennifer Weisselberg, Allen Weisselberg, —, it's, Jennifer, Barry Weisselberg, Donald Trump, Allen Weisselberg's, Barry Weisselberg didn't, Jennifer Weisselberg's, Allen, Barry Organizations: Trump Org, Service, Trump Organization, The, Trump Organization —, York County Civil, Court, Bellevue Hospital Locations: York County, Florida, Manhattan

☆ Trump told Trump Org executives to make him look richer each year in annual net worth statements, testimony shows
▼ + stars: | 2023-10-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's Manhattan civil fraud trial began week 3 on Monday with testimony by a Trump Org finance VP. He said CFO Allen Weisselberg told him, "Mr. Trump" wants his net worth numbers to go up each year. AdvertisementAdvertisement"Did Allen Weisselberg ever tell you that Mr. Trump wanted his net worth on the Statements of Financial Condition to go up?" Testimony by Patrick Birney, a assistant finance vice president at Trump Organization, helps link Donald Trump to what the New York attorney general calls a fraud conspiracy. AdvertisementAdvertisement"Allen Weisselberg told me Donald likes to see it go up in that period you just said," meaning 2017 - early 2020, Birney had told the AG's office in his deposition.

Persons: Allen Weisselberg, Trump, —, Donald Trump's, Patrick Birney, –, Letitia James, Eric R, James, Birney, Allen, Donald Trump, bombshells, Birney hadn't, Donald, Arthur Engoron Organizations: Trump Org, NY, Service, Monday, New York, New, Trump Organization, Trump Locations: New York

☆ Trump called his CFO Allen Weisselberg 'My Jewish CPA' to his face, and threatened him to 'make me happy or else,' according to a new book
▼ + stars: | 2023-02-06 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Donald Trump called his CFO Allen Weisselberg his "Jewish CPA," according to a new book. Jennifer described how Allen Weisselberg received lavish benefits from the Trump Organization without paying taxes on them, according to the book. Allen Weisselberg worked for the Trump Organization for decades, rising to the role of CFO and managing the personal finances of Trump's family members. Prosecutors at the Manhattan district attorney's office have sought his cooperation for their long-running investigation into Trump's finances, which remains ongoing. Pomerantz's book, titled "People vs. Donald Trump: An Inside Account," has drawn criticism from Bragg, who has stressed the Trump Organization investigation is ongoing.

☆ 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."

Its longtime chief financial officer, Allen Weisselberg, pleaded guilty and testified for the prosecution. The Trump Organization has pleaded not guilty. Its lawyers have argued that an outside accountant from Mazars USA who prepared tax returns for the company, Donald Bender, should have caught Weisselberg's fraud and blown the whistle. Bender "turned a blind eye to Allen Weisselberg's wrongdoing," defense lawyer Susan Necheles said in her closing argument on Thursday. Mazars cut ties with the Trump Organization earlier this year.

☆ Trump Org hopes to win its Manhattan tax-fraud trial with an 'ignorance' defense — a Trump hallmark
▼ + stars: | 2022-11-30 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Summations are Thursday and Friday in the Manhattan tax-fraud trial of the Trump Organization. Star prosecution witnesses with arguably mixed loyalties, the two told jurors they never let anyone named Trump in on the scheme. Jurors may well wonder how Donald Trump, or Eric Trump, or Donald Trump, Jr., could truly have been ignorant of the scheme when the three of them personally signed off on so many of the perks. "Donald Trump didn't know that Allen Weisselberg was cheating on Allen Weisselberg's taxes," as defense lawyer Susan Necheles told jurors in openings. In this trial, though, the ignorance defense goes into overdrive, and doesn't stop with a supposedly clueless Trump.

☆ At Trump Org, a 'generous,' 'forgiving' Trump reigned over thankful executives, the defense theory claims
▼ + stars: | 2022-11-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Manhattan jurors are being asked by the defense to see Donald Trump as a forgiving, generous boss. In summations, prosecutors may call the 'Trump is just generous' defense a total turkey. The tuition schemeTake the total $359,000 in tuition checks Trump or his son, Eric Trump, signed for ex-CFO Allen Weisselberg's grandchildren. Instead, under the "generous Trump" defense, the checks, written from Trump's personal account, are explained away as not a suspicious, tax-dodging perk at all, but a "gift." Here, the defense can be expected to tell jurors that Trump is not only a generous boss, but a forgiving one, too.

☆ 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.

Weisselberg, the Trump Organization's former chief financial officer, spoke about the savings during testimony as the prosecution's star witness. Weisselberg pleaded guilty in August to avoiding taxes on $1.76 million in income and helping engineer tax fraud. He said if the Trump Organization gave him a raise to cover those expenses, it would have cost the company twice as much to account for his resulting taxes. They have also sought to blame Mazars, which for many years prepared Trump Organization tax returns. The trial's first witness, Trump Organization controller Jeffrey McConney, testified that he did not know whether executives' rent payments were taxable income.

☆ Tale of 2 Donalds: Trump Org defense shifts blame away from Donald Trump and onto Mazars' Donald Bender
▼ + stars: | 2022-11-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

But another Donald — Mazars accountant Donald Bender — saw it all and said nothing, McConney said. "Did you understand that Mr. Bender was paid to make sure that the Trump Corporation books were kept correctly?" Bender, McConney told jurors, handled most of the Trump Organization's tax matters as a partner at Mazars, the Trump Organization's longtime outside accounting firm. Necheles, the defense lawyer, asked McConney, who answered, "Yes." Necheles asked McConney.

☆ Trump Org jury sees 1st evidence linking Donald Trump's Sharpie to alleged tax-dodge scheme
▼ + stars: | 2022-11-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

The documents were introduced through the trial's first witness, Jeffrey McConney, who as Trump Organization's controller is responsible for its payroll and tax reporting. "President Trump," McConney said of the signature, identifying the now widely-recognized, mini mountain range of Sharpie ink at the bottom of the letter. "In other words, Donald J. Trump authorized Donald J. Trump to sign the lease" for the apartment, Steinglass asked of the letter's content. "Weisselberg did it for Weisselberg," as Trump Organization lawyer Michael van der Veen told jurors repeatedly in openings. "Who decided that Donald Trump would pay Allen Weisselberg's tuition," the prosecutor then asked.

"One of the best defenses to this matter is to delay, delay, delay." New York Attorney General Letitia James speaks during a press conference in New York on Sept. 21, 2022. "The core of that argument is the financial statements that were relied upon by these banks were marked as non-audited financials," Levin said. They know how to read these financial statements." "It's going to be very difficult to overcome some of that," Levin said of the inflated financial statements.

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