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☆ Former Trump Organization CFO Allen Weisselberg Sentenced to 5 Months for Tax Crimes
▼ + stars: | 2023-01-10 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Former Trump Organization finance chief Allen Weisselberg was sentenced Tuesday to five months in jail for tax crimes he committed at the company, after serving as the star witness in a tax-fraud trial that resulted in the conviction of his longtime employer. Mr. Weisselberg, 75 years old, pleaded guilty in August to 15 felonies for participating in a scheme to compensate certain Trump Organization employees, including himself, with off-the-books benefits to evade taxes. Mr. Weisselberg also admitted that from 2005 through 2021, he failed to report $1.76 million in benefits to tax authorities. This unreported compensation came in the form of a rent-free Manhattan apartment, multiple leased Mercedes-Benz cars, home furnishings and private-school tuition for his grandchildren, Manhattan prosecutors said.

☆ Longtime Trump CFO Weisselberg gets 5 months in jail in tax fraud case
▼ + stars: | 2023-01-10 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

[1/5] Allen Howard Weisselberg, the former Trump Organization CFO, appears for sentencing for tax fraud scheme in New York State Supreme Court in the Manhattan borough of New York City, U.S., January 10, 2023. Weisselberg, 75, is expected to be sent to New York's notorious Rikers Island jail. Though no longer CFO, Weisselberg remains on paid leave from the Trump Organization. The jail time will probably not be easy for Weisselberg, at a facility known for violence, drugs and corruption. Weisselberg testified that Trump signed bonus and tuition checks, and other documents at the heart of prosecutors' case, but was not in on the tax fraud scheme.

Companies Trump Organization Inc FollowNEW YORK, Jan 10 (Reuters) - A longtime executive for Donald Trump is expected to be sent to New York's Rikers Island jail after being sentenced on Tuesday to five months behind bars for helping engineer a 15-year tax fraud scheme at the former president's real estate company. Allen Weisselberg, the Trump Organization's former chief financial officer, pleaded guilty in August, admitting that from 2005 to 2017 he and other executives received bonuses and perks that saved the company and themselves money. The sentence was imposed by Justice Juan Merchan in a New York state court in Manhattan. Reporting by Karen Freifeld in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Former Trump Organization CFO Allen Weisselberg to Be Sentenced for Tax Crimes
▼ + stars: | 2023-01-10 | by ( Corinne Ramey | ) www.wsj.com time to read: +1 min

Allen Weisselberg is expected to receive a sentence of five months at New York City’s Rikers Island jail complex, followed by five years’ probation. Former Trump Organization finance chief Allen Weisselberg is set to be sentenced Tuesday for tax crimes he committed at the company, after serving as the star witness in a tax-fraud trial that resulted in the conviction of his longtime employer. Mr. Weisselberg, 75 years old, pleaded guilty in August to 15 felonies for participating in a scheme to compensate certain Trump Organization employees, including himself, with off-the-books benefits to evade taxes. Mr. Weisselberg also admitted that from 2005 through 2021, he failed to report $1.76 million in benefits to tax authorities. This unreported compensation came in the form of a rent-free Manhattan apartment, multiple leased Mercedes-Benz cars, home furnishings and private-school tuition for his grandchildren, Manhattan prosecutors said.

Allen Weisselberg, former chief financial officer for the Trump Organization, is scheduled to be sentenced Tuesday for his role in the company's sweeping 15-year tax fraud scheme. As part of his deal with prosecutors, Weisselberg could have faced added time behind bars if he did not testify truthfully at trial, which ended with the Trump Organization being convicted of all counts. Lawyers for the two Trump Organization subsidiaries charged in the case maintained during the trial that Weisselberg was the lone bad actor and the companies shouldn't be held responsible. Had Weisselberg been convicted at trial, he could have faced up to 15 years in prison. At Tuesday's sentencing hearing, the judge will decide whether Weisselberg must go to jail that day or at a later date.

☆ Trump executive Weisselberg prepares for jail on Rikers Island
▼ + stars: | 2023-01-10 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

Those days will probably not be easy for Weisselberg, 75, at a jail known for violence, drugs and corruption. After being sentenced, Weisselberg will likely be driven to Rikers and trade his street clothes for a uniform and sneakers with velcro straps. Though no longer CFO, Weisselberg remains on paid leave from the Trump Organization. It is paying Rothfeld as well, a person familiar with the matter said. Merchan will also sentence the Trump Organization on Friday.

☆ Ex-Trump CFO Allen Weisselberg begs for leniency as he's sentenced to 5 months for Trump Org tax fraud
▼ + stars: | 2023-01-10 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +4 min

Top Trump money man Allen Weisselberg sentenced to five months in Trump Org tax-dodge scheme. He testified in a monthlong tax crimes trial against the Trump Organization, which was found guilty. The former Trump Organization chief financial officer had overseen a decade-long scheme that allowed top executives to dodge hundreds of thousands of dollars in taxes. Along with charges against Weisselberg, the Manhattan district attorney's office brought charges against the Trump Corporation and the Trump Payroll Corporation, two of the entities that comprise the Trump Organization. Michael M. Santiago/Getty ImagesWeisselberg's plea came after months of pressure from the Manhattan district attorney's office.

☆ Former Trump Organization CFO Allen Weisselberg set to be sentenced in tax fraud case
▼ + stars: | 2023-01-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former Trump Organization Chief Financial Officer Allen Weisselberg is set to be sentenced Tuesday after pleading guilty to multiple tax crimes as part of an investigation of former President Donald Trump's business empire. Weisselberg, 75, is expected to be sentenced to five months in jail, and could end up serving less than that when factoring in time off for good behavior. Two Trump Organization subsidiaries were convicted last month of crimes including tax fraud and falsifying business records after a trial featuring testimony by Weisselberg, who agreed to cooperate with prosecutors as part of his plea deal. He reportedly testified in November that he is still being paid by the Trump Organization, and that the company is paying his lawyers. It is also paying a prison consultant to help prepare Weisselberg for jail, Reuters reported, citing a person familiar with the matter.

☆ Rikers expert says Allen Weisselberg will get better treatment as a prominent Trump supporter
▼ + stars: | 2023-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump's ex-CFO, Allen Weisselberg, was sentenced Tuesday to five months in NYC's Rikers jail. Rikers guards love Trump and will give better treatment to Weisselberg, 75, one expert predicts. Being 75 years old and in the news will also help Weisselberg, predicted the expert, Five Mualimmak-Ak, a jail-reform activist and former detainee who visits Rikers frequently. "Ninety-percent of the guards are Trump supporters, even though most of them are Black and Latino women," said Mualimmak-Ak, program director for LIFE Camp, a city-based nonprofit. "So he'll get preferential treatment from the guards because he is a Trump supporter.

☆ Trump's top money man, Allen Weisselberg, is braced to begin time at NYC's notorious Rikers jail on Tuesday
▼ + stars: | 2023-01-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

A judge will likely order he immediately begin serving 5 months in NYC's notorious Rikers Island. Himself a veteran of Rikers, Rothfeld did say this — it won't be easy. A board containing confiscated shanks from Rikers Island is displayed during a press conference with Mayor Eric Adams on Rikers Island on June 22, 2022. The Rikers Island jail complex in New York City, with the Manhattan skyline in the background. The Trump Organization now faces up to $1.6 million in fines; Merchan is scheduled to set the amount at a January 13 sentencing.

☆ Trump says Democrats 'weaponized' his tax returns while simultaneously boasting that the records show what a clever businessman he is
▼ + stars: | 2022-12-30 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Trump accused Democrats of weaponizing his tax returns against him. But he simultaneously said the documents, released Friday, show he's a savvy businessman. The documents released Friday — which span thousands of pages — showed that Trump and then First Lady Melania Trump reported millions in losses from 2015 to 2020. The Trump Organization now has felony status and could be ordered to pay up to $1.6 million in fees when it's sentenced next month. That's in addition to the $250 million civil lawsuit that New York Attorney General Letitia James' office filed against Trump, his three eldest children, and the Trump Organization in September.

☆ Factbox: Jan. 6 report adds to Trump's mounting legal problems
▼ + stars: | 2022-12-23 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +8 min

A New York judge ordered that an independent monitor be appointed to oversee the Trump Organization before the case goes to trial in October 2023. Trump asked Raffensperger to "find" enough votes needed to overturn Trump's election loss in Georgia. Legal experts said Trump may have violated at least three Georgia criminal election laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties. A Trump Organization lawyer has said it would appeal the decision, while Trump has defended his company's operations. Allen Weisselberg, the company's former chief financial officer, pleaded guilty and was required to testify against the Trump Organization as part of his plea agreement.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

☆ 5 reasons to applaud the smart, speedy jury that convicted the Trump Organization of tax fraud
▼ + stars: | 2022-12-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

A Manhattan jury convicted Donald Trump's company of all 17 tax-fraud counts on Tuesday. But he would not implicate anyone named Trump — not Donald Trump, who he worked for since the 1980s. And not any of Trump's three eldest kids — Donald Trump Jr., Eric Trump, or Ivanka Trump, who have all served as Trump Organization executive vice presidents. Back during jury selection in late October, defense lawyers had the darnedest time finding Manhattan residents who didn't hate Donald Trump. They certainly did not look like Donald Trump's C-suite of well-paid, white-collar white men.

From now on, the criminal convictions will place an indelible asterisk next to the Trump business name. With serious criminal investigations underway against Trump in Washington, Atlanta and New York, the convictions remind us of the sharpest arrow in a prosecutor’s quiver: flipping the target’s lieutenants. Loyal to the end, Weisselberg never fingered Trump personally at trial and even cooperated with defense lawyers by forswearing Trump’s involvement in the fraud. Before joining the top tier at DOJ, Colangelo led New York Attorney General Letitia James’ inquiry into Trump. By thrusting himself into the national spotlight, there is no way that his misconduct wouldn’t catch stellar prosecutors’ careful attention.

☆ Trump Organization Faces More Legal Battles in New York After Tax-Fraud Verdict
▼ + stars: | 2022-12-07 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Two Trump Organization corporate entities are scheduled to be sentenced in January after being found guilty of tax fraud. A New York jury on Tuesday found the Trump Organization guilty of criminal tax fraud and other related offenses after a trial in which prosecutors argued the company took part in a yearslong scheme alongside its longtime finance chief, Allen Weisselberg, to pay some executives with off-the-books perks. Lawyers for the Trump Organization said Mr. Weisselberg carried out the scheme alone, and with no intent to benefit his employer. Jurors convicted two Trump corporate entities of all 17 counts they faced. Here is a look at where the case goes from here, as well as other legal challenges facing Donald Trump and his businesses.

WHITE HOUSE RUNOn Nov. 15 Trump launched his campaign for the Republican nomination to take on Democratic President Joe Biden. NEW YORK CRIMINAL PROBEAfter Tuesday's verdict in the tax fraud case, the New York state judge set sentencing for Jan. 13. GEORGIA ELECTION TAMPERING PROBEA special grand jury was empanelled in May for a Georgia prosecutor's inquiry into Trump's alleged efforts to influence that state's 2020 election results. Trump asked Raffensperger to "find" enough votes needed to overturn Trump's election loss in Georgia. Legal experts said Trump may have violated at least three Georgia criminal election laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties.

☆ 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.

☆ Trump Organization found guilty on all counts in Manhattan tax-fraud trial
▼ + stars: | 2022-12-06 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

The verdict means Trump's company now risks up to $1.6 million in penalties when it is sentenced on January 13. The company also now has felony status, meaning a big black eye as Trump makes his third run for president. Defense lawyers promised to appeal the verdict; Manhattan District Attorney Alvin Bragg thanked the jury and the prosecution team. The jury found that both subsidiaries — the Trump Corporation and Trump Payroll Corporation, both doing business as Trump Organization — were complicit in a decade-long tax-dodge scheme admittedly run by ex-CFO Allen Weisselberg and top payroll executive Jeffrey McConney. In Manhattan, no corporation is above the law," said Manhattan District Attorney Alvin Bragg in a statement.

☆ Trump Organization guilty on all 17 counts of fraud, falsifying business records and conspiracy
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Organization guilty on all 17 counts of fraud, falsifying business records and conspiracyA jury in New York today found the Trump Organization guilty of 17 counts of fraud. It took the jurors about 10 hours to come back with their decision. The key witness in this trial, Trump CFO Allen Weisselberg, pleaded guilty to felony charges earlier this year and testified during the trial about the company's payment practices.

[1/6] Former U.S. President Donald Trump attends a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, U.S. November 7, 2022. Alan Futerfas, a lawyer for the Trump Organization, told reporters the company would appeal. SEPARATE LAWSUITThe Trump Organization separately faces a fraud lawsuit brought by New York state Attorney General Letitia James. The Trump Organization argued that Weisselberg carried out the scheme to benefit himself. "The whole narrative that Donald Trump was blissfully ignorant is just not real," Steinglass said.

☆ Trump Organization convicted in New York criminal tax fraud case
▼ + stars: | 2022-12-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Two subsidiaries of the Trump Organization were convicted Tuesday by a jury in New York City of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on all 17 charged counts come three weeks after the company's owner, Republican former President Donald Trump, declared his candidacy for the White House in the 2024 election. But Trump "knew exactly what was going on," a prosecutor said in closing arguments last week in Manhattan Supreme Court. Defense lawyers had argued that Weisselberg — who earlier pleaded guilty to 15 felony charges — was solely responsible for the scheme, not the Trump Organization. The guilty verdicts also could harm the firm's ability to obtain loans for its various real estate holdings and other business ventures,

☆ Donald Trump says it's hard to be a 'Trump' in New York City in reaction to his organization's tax fraud conviction
▼ + stars: | 2022-12-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Trump Organization was found criminally liable for tax fraud committed by two company executives. Donald Trump denounced the jury outcome and claimed the trial was a "political witch hunt." "New York City is a hard place to be 'Trump,' as businesses and people flee our once Great City," the former President said in a statement. The Trump Organization was convicted of tax fraud on Tuesday after a Manhattan jury deliberated for a total of 10 hours, putting a close to a six-week trial. Two top executives at the Trump Organization are at the center of the conviction: ex-CFO Allen Weisselberg and payroll executive Jeffrey McConney.

☆ 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.

☆ Notes indicate Trump Organization tax-fraud jury may be zipping through deliberations on its 2nd day
▼ + stars: | 2022-12-06 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

tax-fraud trial in Manhattan. Jury notes have asked for readbacks of the law for counts 2, 6, 7, 8, and 9. A court officer sent in to the trial judge, New York Supreme Court Justice Juan Merchan, a folded-over piece of white notebook paper. Prosecutors have also cited numerous documents signed by Donald Trump, Donald Trump Jr., and Eric Trump as evidence they were aware of the scheme. But a tax-fraud conviction would cost the Trump Organization a penalty up to $1.6 million.

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