DIRS.INFO The most relevant business & tech news

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.

☆ Manhattan DA's office hires attorney with extensive experience investigating Trump, suing his administration
▼ + stars: | 2022-12-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

The Manhattan DA's office has hired Matthew Colangelo as it heats up investigations into Trump. Colangelo oversaw lawsuits against the Trump administration while he worked at the NY AG's office. He also spearheaded the lawsuit that led to the dissolution of the Trump Foundation. Manhattan District Attorney Alvin Bragg overlapped with Colangelo at the New York attorney general's office during the Trump years. At the time, Bragg had taken over the office from Cyrus Vance Jr., the district attorney who initiated the investigation.

"The whole narrative that Donald Trump was blissfully ignorant is just not real," Steinglass told the 12-person jury in a New York state court. Company lawyers objected when Steinglass showed jurors a Trump-initialed memo said it showed the former president "explicitly sanctioning tax fraud." If convicted on tax fraud, falsifying business records and other charges, Trump's company faces up to $1.6 million in fines. Steinglass said Trump approved luxury apartments for Weisselberg and his son, and for chief operating officer Matthew Calamari and his son. "Free cars for you, free cars for your wife, free apartments for you, free apartments for your kids."

"The entire defense strategy here is to promote the notion that Weisselberg did it for Weisselberg," Steinglass told the jury in a New York state court in Manhattan. Steinglass told jurors that Trump executives other than Weisselberg were involved, saying the company's chief operating officer and a former general counsel received Christmas bonuses as if they were independent contractors. If convicted on all nine counts it faces, Trump's company faces up to $1.6 million in fines. 'SMORGASBORD OF BENEFITS'Defense lawyers had told jurors on Thursday that Weisselberg's intent was to benefit himself and not the company. Weisselberg is expected to serve five months in jail after pleading guilty to tax fraud and other charges.

☆ Trump company tax fraud trial nears end in battle over who to blame
▼ + stars: | 2022-12-01 | 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

Joshua Steinglass, a prosecutor with the Manhattan district attorney's office, said Weisselberg was a product of the "culture of fraud and deception" at Trump's company, and not its only tax fraud beneficiary. Weisselberg is expected to serve five months in jail after pleading guilty to tax fraud and other charges. He told jurors his greed motivated him to cheat on taxes, and described the company's modest payroll tax savings as a "byproduct." Necheles told jurors: "The issue here is not whether as a byproduct the company saved some money. Steinglass urged jurors to dismiss the defense's "far-fetched argument" that Trump's company relied on Mazars to catch wrongdoing.

☆ CNBC Stock World Cup: Tesla vs. TSMC — who wins?
▼ + stars: | 2022-12-01 | 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 EmailCNBC Stock World Cup: Tesla vs. TSMC — who wins? In this round of CNBC's Stock World Cup challenge, Vance Howard of Howard Capital Management gives his take on whether Tesla or TSMC is a better bet in giving investors a greater total return next year.

☆ Trump Organization's criminal tax fraud trial heads to closing arguments
▼ + stars: | 2022-12-01 | 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: +4 min

REUTERS/Jonathan Ernst/File PhotoCompanies Trump Organization Inc FollowNEW YORK, Dec 1 (Reuters) - Closing arguments to the jury by prosecution and defense lawyers are set to begin on Thursday in the criminal tax fraud trial of former President Donald Trump's real estate company, which is accused of running a 15-year scheme to defraud tax authorities. Trump, who announced this month he will again seek the presidency in 2024, has not been charged in the case. To prove the Trump Organization guilty, prosecutors must show that Weisselberg and other executives acted as "high managerial agents" of the company when they carried out tax fraud and that the company benefited in some way. Weisselberg has worked for the Trump family for about five decades and is currently on paid leave from the company. Reporting by Luc Cohen in New York; Editing by Will Dunham and Noeleen WalderOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: The Trump Organization trial is nearing its end. What's the case about?
▼ + stars: | 2022-12-01 | 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: +4 min

Here are answers to questions about the accusations the Trump Organization faces. WHAT IS THE TRUMP ORGANIZATION ACCUSED OF DOING? Trump Payroll Corp and the Trump Corporation have been charged with nine counts of scheme to defraud, conspiracy, tax fraud and other crimes. Lawyers for the Trump Organization have sought to shift the blame to Weisselberg, saying he cheated on his personal tax returns to benefit himself, not the company. Mazars cut ties with the Trump Organization this year.

☆ A battle over paid leave is threatening to grind the US economy to a halt
▼ + stars: | 2022-11-30 | by ( Juliana Kaplan | Hannah Towey | ) www.businessinsider.com time to read: +7 min

US rail workers are preparing to strike over their latest negotiations with management. Three years of rail workers' negotiations with management over this issue could soon culminate in an economy-disrupting strike, after the latest tentative agreement included just one paid personal day off a year. That's too far from the 15 days of paid sick leave that rail workers pushed for, and which railroads argue would cost them $688 million a year. While praise for essential workers has faded, rail workers still hold a lot of power in the economy. "The stockholders would go absolutely crazy if we were able to strike for one day."

☆ Elon Musk may be luring Apple into a fight with Republicans
▼ + stars: | 2022-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Vance, both Republicans, made remarks about Apple's situation that show how Musk could put Apple in a tough spot. It's just one of a vast number of apps on the App Store, and it isn't a huge moneymaker for Apple through in-app purchases. He also accused Apple of threatening to pull the Twitter app from the App Store . Over the past week, Twitter owner Elon Musk has been poking Apple , the big bear of Silicon Valley, which controls app distribution to every iPhone. But Apple would be much more likely to pull the Twitter app if it tries to cut Apple out of its platform fees.

Companies Trump Organization Inc FollowNEW YORK, Nov 28 (Reuters) - Lawyers for former U.S. President Donald Trump's real estate company rested their case on Monday after calling just two witnesses in the Trump Organization's criminal trial in a New York state court on tax fraud charges. Juan Merchan, the judge in the case, set closing arguments for Thursday and Friday with jury deliberations expected to begin next Monday. Trump, who this month launched a run for the presidency in 2024, has not been charged in the case. Weisselberg has worked for the Trump family for about five decades, but is no longer CFO and is on paid leave. "The case was not fair or good," Trump wrote on Monday on social media.

☆ Here's how those looking to 'age in place' can fund home health-care services
▼ + stars: | 2022-11-28 | by ( Deborah Nason | ) www.cnbc.com time to read: +4 min

Halfpoint Images | Moment | Getty ImagesSome 70% of people want to age at home, yet only 10% have long-term care insurance, a recent HCG Secure/Arctos Foundation study found. Furthermore, about half of respondents had no idea how much in-home care would cost. "Basically, I try to segment the risk into a short-term need and a long-term need, and to fund them separately," he said. "And most of them can't afford long-term care insurance." Digging into any corporate retiree benefits beyond just a pension, as there's often additional services for in-home care, he said.

☆ Explainer: Trump's Supreme Court loss the latest failure to keep tax returns secret
▼ + stars: | 2022-11-23 | 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: +4 min

Prosecutors have accused the Trump Organization of paying executives through off-the-books perks including bonuses as if they were freelancers. WHY DOES CONGRESS WANT TRUMP'S TAX RETURNS? DO OTHER OFFICIALS HAVE TRUMP'S TAX RETURNS? The Manhattan district attorney in February 2021 said it obtained eight years of Trump's tax returns in the investigation that led to the Trump Organization's tax fraud trial. The Supreme Court's decision on Tuesday to allow the panel to obtain the tax returns came a week after Trump announced his latest presidential run.

☆ Colorado Springs suspect identifies as nonbinary and uses they/them pronounces, defense lawyer says
▼ + stars: | 2022-11-23 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

COLORADO SPRINGS, Colo. — The alleged shooter facing possible hate crime charges in the fatal shooting of five people at a Colorado Springs gay nightclub is nonbinary, the suspect’s defense team says in court filings. The motive in the shooting was still under investigation, but authorities said Aldrich faces possible murder and hate crime charges. Hate crime charges would require proving that the shooter was motivated by bias, such as against the victims’ actual or perceived sexual orientation or gender identity. Club Q remains cordoned off by police tape on Nov. 22, 2022 in Colorado Springs. Local and federal authorities have declined to answer questions about why hate crime charges were being considered.

Aldrich, 22, had been in a hospital from early Sunday morning until Tuesday, before being transferred to El Paso County Jail in Colorado Springs. [1/7] Anderson Lee Aldrich, 22, the suspect in the mass shooting that killed five people and wounded 17 at an LGBTQ nightclub appears showing facial injuries in police booking photographs released in Colorado Springs, Colorado, U.S. November 23, 2022. Colorado Springs Police Department /Handout via REUTERS 1 2 3 4 5Defense lawyers declined to comment after the hearing. Police initially held Aldrich on arrest charges of five counts of first-degree murder and bias crimes stemming from the Saturday night killings. El Paso County District Attorney Michael Allen said after the hearing he expected to file formal criminal charges at the defendant's next court hearing, tentatively scheduled for Dec. 6.

But Bender on Tuesday testified that Weisselberg assured him that the details he provided to prepare his tax returns were accurate and did not warrant further investigation. "I did due diligence, we had frank conversations and he said he felt it was appropriate and it was his tax return," Bender told jurors. The Trump Organization has pleaded not guilty. Weisselberg testified last week that he knew he was not an independent contractor. Mazars in February dropped the Trump Organization as a client and said it could no longer stand behind a decade of Trump's financial statements.

Military veteran Richard Fierro's selfless response when a gunman opened fire in a Colorado gay club is being lauded by the nation's oldest Latino civil rights organization. He said he did what he was trained to do as a 15-year Army veteran who did tours in Iraq and Afghanistan. Fierro and Jessica, who live in Colorado Springs, own a brewery called Atrevida, which in Spanish means brazen. 'Leaped into the breach'The nation's string of mass shootings in recent years have claimed the lives of many Latino victims. He said LULAC invited Fierro and his family to Washington, D.C., to receive the award or it would give it to him in a ceremony in Colorado Springs.

COLORADO SPRINGS, Colo., Nov 21 (Reuters) - Amid the blood and chaos of a mass shooting in a Colorado LGTBQ club, two men emerged from the crowd to subdue the gunman. Colorado Springs Mayor John Suthers identified the "two heroes" as Rich Fierro and Thomas James. Suthers told a news conference on Monday they "saved a lot of lives" at Club Q in Colorado Springs late Saturday. The dead included the boyfriend of the Fierros' daughter, Fierro's wife Jess said in a post on her family brewery's Facebook page. Speaking from her doorstep, Jess Fierro told Reuters the violence sparked her husband' s post traumatic stress disorder.

Nov 22 (Reuters) - The suspect in the mass shooting that killed five people and wounded 17 at a Colorado Springs LGBTQ nightclub has been transferred to jail from the hospital where he was in police custody, police said on Tuesday. "CSPD has turned over custody of the Club Q suspect to the El Paso County Sheriff's Office at the jail," the Colorado Springs Police Department said on Twitter. Prosecutors said that once he was out of the hospital, they expected to file formal criminal charges that may differ. James, a Navy information systems technician second class, was injured in the Colorado Springs shooting and was hospitalized in stable condition Tuesday, the Navy said in a statement. James is an 11-year-Navy veteran stationed in Colorado Springs, the Navy said, asking that his privacy be respected.

The victims of the shooting at the LGBTQ-friendly Club Q in Colorado Springs include two bartenders, the mother of an 11-year-old girl and two other clubgoers who were enjoying a carefree night before a lone gunman started firing indiscriminately. "He lit up a room, always smiling, always happy and silly," said his mom, Sabrina Aston, who lives in Colorado Springs. We’re mad, angry.”Paugh, who is not part of the LGBTQ community, spent Saturday in Colorado Springs with a female friend. Jessica Fierro said she was at Club Q with her husband, their daughter and friends to celebrate a friend’s birthday. Daniel Arkin reported from New York; Deon J. Hampton reported from Colorado Springs, Colorado.

The company, which has pleaded not guilty, could face up to $1.6 million in fines for the three tax fraud counts and six other counts it faces, if convicted. The first witness called by the defense was Donald Bender, an accountant with the firm Mazars who handled the Trump Organization's taxes. Bender was granted immunity from prosecution for testifying before the grand jury that indicted the company and Weisselberg. Bender said he prepared tax returns for Weisselberg and his family members free of charge as an "accommodation." Mazars in February dropped the company as a client and said it could no longer stand behind a decade of Trump's financial statements.

☆ Prosecutors rest case in Trump Organization's criminal tax fraud trial
▼ + stars: | 2022-11-21 | 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: +3 min

The Trump Organization, which operates hotels, golf courses and other real estate around the world, could face up to $1.6 million in fines for the three tax fraud counts and six other counts it faces, if convicted. Trump, a Republican who last week launched another bid for the presidency in 2024, has called the charges politically motivated. The district attorney's office charged the Trump Organization and Weisselberg, who pleaded guilty to charges including grand larceny and tax fraud in an August deal with prosecutors calling for a jail sentence of five months if he testified truthfully in the trial. Weisselberg, who has worked for the company for nearly half a century, is on paid leave from the Trump Organization. U.S. Attorney General Merrick Garland on Friday named a special counsel to oversee the Justice Department's investigations related to Trump including his handling of sensitive government documents after leaving office and efforts to overturn the 2020 election.

☆ Army Veteran Went Into ‘Combat Mode’ to Disarm the Club Q Gunman
▼ + stars: | 2022-11-21 | by ( Dave Philipps | ) www.nytimes.com time to read: +9 min

The mayor said he had spoken to Mr. Fierro and was struck by his humility. Mr. Fierro started to go for it, but then saw the gunman come up with a pistol in his other hand. As he held the man down and slammed the pistol down on his skull, Mr. Fierro started barking orders. A person was passing by, and Mr. Fierro said he ordered her to stomp the attacker with her high heels. The whole time, Mr. Fierro said, he kept pummeling the shooter with the pistol while screaming obscenities.

Persons: Richard M, Fierro, Mr, Anderson Lee Aldrich, “, John Suthers, Jess, Kassandra, Raymond Green Vance, Fierro’s, ”, Afghanistan he’d, I’ve Organizations: Q, Army, Star, Atrevida Locations: COLORADO, Iraq, Afghanistan, ”

Another focus of the conference was “electability,” with many Republicans expressing increased interest in making sure that candidates who emerged from primaries were best positioned to win in November. Pete Ricketts, who just finished a term as RGA co-chair, suggested that the group could get more involved in primaries. The RGA did spend to defend incumbents facing primaries but now may consider spending in open races. “The idea that Trump would make an announcement yesterday — and I’ve been proven right, because it’s barely a story — it was just stupid,” he said. It’s clearly from a position of weakness, and for his own self-serving purposes, whatever they may be legal or otherwise.

They won a narrow House majority, having won the 218 seats needed, with eight still uncalled. McConnell and Scott both addressed the gathering, which included newly elected Trump-backed Senate Republicans, including J.D. [1/5] U.S. Senate Republican leader Mitch McConnell walks to his office at the U.S. Capitol building in Washington, U.S., November 15, 2022. In the House, conservative Republicans continued to bash party leader Kevin McCarthy, a day after he overcame a challenger for the chamber's top job of House speaker. While Senate Republicans met in the morning to vote for party leaders, House Republicans met later in the day to consider chamber rules for the next Congress.

Search resuls for: "vance"

25 mentions found