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Search resuls for: "Trump Organization of"


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☆ Judge approves independent monitor to oversee Trump Organization financial reporting in win for New York AG
  + stars: | 2022-11-03 | by ( Christina Wilkie | ) www.cnbc.com   time to read: +1 min
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. A New York state judge has approved the appointment of a special monitor to oversee the Trump Organization's financial statements and reports, and has barred the company from transferring any non-cash assets without notifying the court and the state attorney general's office in advance. The suit accused the Trumps and other senior Trump Organization officials of decades of fraud related to financial statements. Engoron's written order said the appointment of an independent monitor was justified given the "persistent misrepresentations throughout every one of Mr. Trump's [Statements of Financial Condition] between 20112 and 2021." The monitor would "ensure there is no further fraud or illegality that violates" the New York state law prohibiting fraud.
☆ Donald Trump's company will get a watchdog to ensure no fraud -NY judge
  + stars: | 2022-11-03 | by ( Karen Freifeld Jonathan Stempel | Karen Freifeld | Jonathan Stempel | ) www.reuters.com   time to read: +4 min
REUTERS/Andrew Kelly/Companies Trump Organization Inc FollowNEW YORK, Nov 3 (Reuters) - A New York judge on Thursday ordered that an independent watchdog be appointed to oversee the Trump Organization before a civil fraud case by the state's attorney general against Donald Trump's company goes to trial. Last month, James asked the Manhattan-based judge to appoint an independent monitor to halt ongoing fraud at the company and keep the Trumps from transferring assets out of her reach. In a statement, the Trump Organization objected to "political persecution" by James, a Democrat, ahead of the Nov. 8 midterm elections. He said James had no legal authority to challenge how Trump valued his properties, calling it a private matter between Trump's company and its lenders and insurers. The Trump Organization manages hotels, golf courses and other real estate around the world.
☆ Prospective jurors in the case against Trump's business say 'I don't like him,' and call Trump a 'criminal' who's done 'irreparable harm'
  + stars: | 2022-10-25 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com   time to read: +4 min
The Trump Organization — not Trump himself — is on trial for tax evasion in New York Supreme Court. I mean I can't deny it, I really, really don't like Trump at all," the woman, a native of Ireland, told Trump Organization lawyer William Brennan. The Trump Organization — not Trump himself — is on trial. "We all have an opinion about Donald Trump, but I don't have an opinion about his company," a marketing company CEO said. Steinglass continued, "You'll notice that Donald Trump is not sitting here … because Donald Trump is not personally charged. "
☆ A prospective juror excused from Trump Organization tax evasion trial said 'there is no chance in hell' she could have been impartial
  + stars: | 2022-10-24 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com   time to read: +4 min
Trump is not on trial, but his real estate and golf resort empire — the Trump Organization — is. The woman, who lives in the Midtown East neighborhood, made the remarks as jury selection was underway in the tax evasion trial of Trump's business, the Trump Organization. Last year, the Trump Organization and Weisselberg were indicted on 15 felony counts, including criminal tax fraud, falsifying business records, scheming to defraud, and conspiracy. Prosecutors have accused the Trump Organization of running a 15-year scheme to defraud federal, New York state, and New York City tax authorities. The Trump Organization, which has pleaded not guilty, could face harsh tax penalties and be fined more than $1 million if convicted.
☆ Trump company set for criminal trial in an off-books pay scheme
  + stars: | 2022-10-23 | by ( ) www.cnbc.com   time to read: +6 min
If convicted, the Trump Organization could be fined more than $1 million — but that's not the only potential fallout. The Trump Organization has said it did nothing wrong and that it looks forward "to having our day in court." The former Trump Organization chief financial officer must also pay nearly $2 million in taxes, penalties and interest and complete five years of probation. When the Trump Organization and Weisselberg were indicted in 2021, prosecutors called the tax scheme "sweeping and audacious" and said it was "orchestrated by the most senior executives." "The purpose of the scheme was to compensate Weisselberg and other Trump Organization executives in a manner that was 'off the books,'" the indictment said.
☆ Donald Trump finally gets served $250 million NY fraud lawsuit after 3 weeks — and a court order
  + stars: | 2022-10-17 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +3 min
NY's attorney general, Letitia James, sued the Trump Organization back on September 21. Reps for Donald Trump and Eric Trump finally got served, the AG said Thursday. Service took three weeks — and a judge's order — with the AG accusing Trump of 'gamesmanship.' Lawyers for all of the suit's other defendants, including Ivanka Trump and Donald Trump Jr., had meanwhile quickly accepted service. Habba and Robert have not responded to Insider's requests for comment on the delay in service of the lawsuit.
☆ New York AG asks judge to bar Trump from moving assets to new company he formed amid fraud lawsuit
  + stars: | 2022-10-13 | by ( Dan Mangan | ) www.cnbc.com   time to read: +2 min
The New York Attorney General's Office on Thursday asked a judge to bar former President Donald Trump from moving his businesses to a new holding company he formed amid a pending civil lawsuit accusing him, three of his children, and the Trump Organization of widespread fraud. On Sept. 21, the same day that Attorney General Letitia James sued Trump and the other defendants, her office saw that the Trump Organization had registered with New York's secretary of state a new company, called "Trump Organization II LLC." James, who on Thursday accused Trump and the Trump Organization of engaging in an "ongoing fraudulent scheme," wants Trump blocked from moving the Trump Organization of moving any materials assets to another entity without a judge's approval. "There is every reason to believe that the Defendants will continue to engage in similar fraudulent conduct right up to trial unless checked by order of this Court," James' office said in the filing. And James asked Engoron for permission to serve her lawsuit electronically on Trump and his son Eric Trump, noting that both of them and their lawyers have refused for weeks to accept service of the complaint.
☆ After declaring that he's 'not a terrorist' Trump uses North Carolina rally to vilify New York Attorney General Letitia James
  + stars: | 2022-09-24 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com   time to read: +2 min
Former President Donald Trump bashed the NY AG who filed a suit against him and his family business. His remarks came at a Friday rally where he also lifted up his children, who were named in the suit. But Trump spent more time berating New York Attorney General Letitia James, who has filed a massive fraud lawsuit against the Trump Organization. The attorney general is accusing him, his children, and the Trump Organization of years of financial fraud. At the rally, Trump defended his children who were named in the suit, apparently reading off a teleprompter: "Ivanka, Ivanka is a very good person.
☆ NY AG Letitia James files massive fraud lawsuit against Trump, his business, and his 3 eldest children
  + stars: | 2022-09-21 | by ( Sonam Sheth | Laura Italiano | Jacob Shamsian | ) www.businessinsider.com   time to read: +5 min
New York Attorney General Letitia James' office sued Trump, his children, and his business. "Trump falsely inflated his net worth by billions of dollars to further enrich himself and cheat the system," James' office said. James on Wednesday accused the Trump Organization of issuing financial statements that were in "clear violation" of accepted accounting principles. Many of the lawsuit's fraud allegations center on 10 years of Trump's statements of financial condition. Mazars walked away from the statements after James' office found that they repeatedly "misstated objective facts."
☆ Trump, adult children sued by New York attorney general for fraud
  + stars: | 2022-09-21 | by ( Karen Freifeld Jonathan Stempel Luc Cohen | Karen Freifeld | Jonathan Stempel | ) www.reuters.com   time to read: +5 min
(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington, July 2014. It also named as defendants the Trump Organization - a family company that manages hotels, golf courses and other real estate around the world - as well as the former president's sons Donald Trump Jr. and Eric Trump and his daughter Ivanka Trump. But James said she was referring allegations of criminal wrongdoing to federal prosecutors in Manhattan and the Internal Revenue Service for investigation. "The pattern of fraud and deception that was used by Mr. Trump and the Trump Organization for their own financial benefit is astounding," James said at a news conference. James' civil probe is separate from a criminal tax fraud probe against the Trump Organization by Manhattan's district attorney, Alvin Bragg.
☆ New York AG Letitia James is asking the feds to investigate Trump after finding his business practices 'plausibly' violated federal law
  + stars: | 2022-09-21 | by ( Sonam Sheth | C. Ryan Barber | ) www.businessinsider.com   time to read: +3 min
NY AG Letitia James said her office will ask federal prosecutors to probe Trump's business practices. James' office filed a sprawling civil lawsuit against the Trumps accusing them of fraud and seeking $250 million in penalties. The AG said she believes the conduct outlined "also violates federal criminal law," including bank fraud and false statements. AG Letitia James made the announcement earlier Wednesday after filing a sprawling civil lawsuit against Trump, his three eldest children, and the Trump Organization. James on Wednesday said her office believes the conduct outlined in the civil suit "also violates federal criminal law, including issuing false statements to financial institutions and bank fraud."
☆ Donald Trump and children are sued by New York attorney general for fraud
  + stars: | 2022-09-21 | by ( Karen Freifeld Jonathan Stempel Luc Cohen | Karen Freifeld | Jonathan Stempel | ) www.reuters.com   time to read: +6 min
She called the "pattern of fraud and deception" used by Trump and the Trump Organization "astounding." 'DISASTERS OF THE WORLD'(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington, July 2014. Donald Trump Jr tweeted that James was "weaponizing her office to go after her political opponents!" Manhattan District Attorney Alvin Bragg has separately charged the Trump Organization with criminal tax fraud, and is preparing for an Oct. 24 trial. read more"Our criminal investigation concerning former President Donald J. Trump, the Trump Organization, and its leadership is active and ongoing," Bragg said in a statement.
☆ Explainer: What New York's lawsuit means for Trump and his family company
  + stars: | 2022-09-21 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com   time to read: +5 min
James accused Trump and the Trump Organization of fraudulently misstating the values of numerous properties to obtain favorable loans and tax benefits. The company's portfolio in New York state includes 14 residential properties, three commercial properties and two golf courses as well as Seven Springs, according to its website. James cannot bring criminal charges against Trump in this investigation because her probe was a civil one, not a criminal one. The Trump Organization has separately been charged with criminal tax fraud by the Manhattan District Attorney's office and is preparing for a scheduled Oct. 24 trial. A criminal case requires proof beyond a reasonable doubt, while civil cases require a lower standard of proof.
☆ Trump slams NY attorney general after fraud lawsuit filed
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: 1 min
Former U.S. president Donald Trump speaks during a rally in Youngstown, Ohio, U.S., September 17, 2022. REUTERS/Gaelen MorseWASHINGTON, Sept 21 (Reuters) - Republican former President Donald Trump blasted New York's attorney general for suing him, several of his adult children and his company for financial fraud on Wednesday, calling the move a political "witch hunt." read moreTrump, in a post on his social media network, also called New York Attorney General Letitia James, who is Black, "a racist" and "a fraud" but did not directly address the allegations of the civil lawsuit, which accuses the Trump Organization of wrongdoing in preparing Trump's annual statements of financial condition from 2011 to 2021. Register now for FREE unlimited access to Reuters.com RegisterReporting by Washington newsroomOur Standards: The Thomson Reuters Trust Principles.
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