• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Contact Us
  • About Towleroad
  • Towleroad on Social Media
  • Privacy Policy

Towleroad Gay News

Gay Blog Towleroad: More than gay news | gay men

  • Travel
  • Sports
  • Law/Justice
  • Celebrities
  • Republicans
  • Madonna
  • Books
  • Men
  • Trans Rights
  • Royals
  • Monkeypox
  • Marjorie Taylor Greene: Antifa are ‘fascists’ because ‘they defend the drag queens targeting our children’
  • Guaranteed Stimulus Checks To Transgender: Checks Starting to Go Out This Month
  • Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game

Trump family business fraud trial opens

Towleroad October 24, 2022 Leave a Comment

Published by
AFP
649866 origin 1
The Trump Organization, run for years by former US president Donald Trump and three of his adult children, is facing multiple New York lawsuits related to its financial reporting

New York (AFP) – The trial of Donald Trump’s family business on fraud and tax evasion charges began in New York on Monday, with the former US president immediately dismissing as it as a political stunt.

Manhattan prosecutors have charged the Trump Organization, currently run by Trump’s two adult sons, Donald Jr and Eric Trump, with hiding compensation it paid to top executives between 2005 and 2021.

Trump, who is not named in the case, slammed the charges as a “witch hunt” by rivals, weeks ahead of congressional elections on November 8.

“The highly partisan Democrat Witch Hunt goes on, this time in New York… right during the important Mid-Term Elections, of course,” he said on social media.

The company faces potential fines of over $1.5 million if found guilty.

US news outlets said Judge Juan Merchan had made media access to the courtroom difficult and had warned the 130 jury candidates that their selection could take a week, so as to filter out any supporters or open opponents of the divisive former Republican president. 

The trial could last a month and a half, he said.

One of the implicated executives, longtime CFO Allen Weisselberg, has already pleaded guilty to 15 counts of tax fraud, and is expected to testify against his former company as part of a plea bargain.

A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife and private school tuition for his grandchildren.

According to his plea deal, Weisselberg has agreed to pay nearly $2 million in fines and penalties and complete a five-month prison sentence in exchange for testimony during the trial, for which jury selection began Monday.

“This plea agreement directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony in the upcoming trial against the corporation,” Manhattan District Attorney Alvin Bragg said in August.

Weisselberg has so far refused to give testimony directly implicating the former president in the scheme.

Multiple legal cases

Two subsidiaries of the Trump family’s sprawling real estate, golf and hospitality business are targeted by the suits.

While Donald Trump is not named in this case, he is facing charges along with three of his eldest children in a civil investigation led by New York’s attorney general, Leticia James.

James, a Democrat, has accused the family of purposefully inflating and deflating the value of their properties to avoid tax liabilities and to get more favorable loan and insurance deals.

Her office is seeking $250 million in fines against the former president, and that his family be barred from conducting business in the state.

The suit also calls for three of Trump’s children — Donald Jr, Eric and Ivanka — to be barred from purchasing real estate in New York for five years.

The 76-year-old Trump, who has heavily hinted at but not yet announced a 2024 White House run, is also facing legal action on several other fronts.

He is at the center of a Justice Department investigation into the handling of highly classified documents, which the FBI seized from his Florida home in a raid, as well as multiple state and federal probes into his involvement in the January 6, 2021, attack on the US Capitol.

The congressional committee investigating the Capitol riot has issued a subpoena requiring him to submit documents by November 4 and give sworn testimony by mid-November.

Without confirming that Trump had received the subpoena, his lawyer David Warrington has said his team would “review and analyze” the document and “respond as appropriate to this unprecedented action.”

Trump’s compliance would mean testifying under oath.

If he refuses, the House of Representatives can hold him in criminal contempt in a vote recommending him for prosecution. 

Topics: Aaon, Business, Law/Justice, Right Wing Extremism More Posts About: Allen Weisselberg, Donald Trump, Eric Trump, Tax evasion, The Trump Organization

Related Posts
  • Stormy Daniels Declares It’s ‘Exhausting’ To Always Be Asked About Alleged Affair With Donald Trump: ‘I Wish He Would Go Away’
  • Trump warns U.S. House Republicans not to touch Social Security, Medicare
  • ‘Pastors for Trump’ founder claims MLK would have been a MAGA Republican
  • Guaranteed Stimulus Checks To Transgender: Checks Starting to Go Out This Month

    Guaranteed Stimulus Checks To Transgender: Checks Starting to Go Out This Month

    Published by ValueWalk Guaranteed income plans have gained prominence since the COVID-19 pandemic. Several states and local governments have come up with similar programs targeting specific groups over the past couple of years. Last year, the …Read More »
  • Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game

    Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game

    Published by Reuters UK (Reuters) – Three men were arrested following reports of alleged homophobic chanting at the goalless draw between Liverpool and Chelsea at Anfield, Merseyside Police said on Tuesday. The men, aged 23, 37 …Read More »
  • U.S. Senate panel probes competition after Taylor Swift ticketing fiasco

    U.S. Senate panel probes competition after Taylor Swift ticketing fiasco

    Published by Reuters By Diane Bartz and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate Judiciary Committee opened a hearing Tuesday on ticket industry competition issues after lawmakers raised concern about the disrupted sale of Taylor Swift …Read More »
  • Hundreds of UK cops faces been fired as part of clean-up for misconduct

    Hundreds of UK cops faces been fired as part of clean-up for misconduct

    Published by Wayarc Daily MET Police Chief Sir Mark Rowley last night admitted hundreds of officers from his own force should be “thrown out” for criminal and nefarious conduct. Sir Mark spoke of his “disgrace” after …Read More »
Previous Post: « I couldn’t keep up with the demands of fame, says Meghan Trainor
Next Post: Former Minnesota police officer pleads guilty in George Floyd case »

Primary Sidebar

Adjacent News

  • DeSantis targets unions, school boards with ‘Teachers Bill of Rights’

    DeSantis targets unions, school boards with ‘Teachers Bill of Rights’

  • George Santos Proposed To Then-Teenage Boyfriend While Still Married To Wife, Shocking Report Claims

    George Santos Proposed To Then-Teenage Boyfriend While Still Married To Wife, Shocking Report Claims

  • The M&M’s controversy continues as company retires its “spokescandies”

    The M&M’s controversy continues as company retires its “spokescandies”

Good Trash: Going to Read It Somewhere, Y'know

  • Stormy Daniels Declares It’s ‘Exhausting’ To Always Be Asked About Alleged Affair With Donald Trump: ‘I Wish He Would Go Away’

    Stormy Daniels Declares It’s ‘Exhausting’ To Always Be Asked About Alleged Affair With Donald Trump: ‘I Wish He Would Go Away’

  • Sam Smith obsessed with McDonald’s

    Sam Smith obsessed with McDonald’s

  • Prince Andrew Makes Plans To Overturn Virginia Giuffre Settlement As Ghislaine Maxwell Claims Infamous Photo Is Photoshopped

    Prince Andrew Makes Plans To Overturn Virginia Giuffre Settlement As Ghislaine Maxwell Claims Infamous Photo Is Photoshopped

RSS Partner Links

  • Prince William's Joke Directed at His Wife Causes Lots of Laughter During Their Royal Visit
  • Gisele Bündchen Is Having The Time Of Her Life Horseback Riding With Her Jiu-Jitsu Instructor
  • Shakira’s Ex, Gerard Piqué, Has Gone Instagram Official With His Girlfriend Clara Chia Marti
  • Adam Schiff Tosses His Hat Into 2024 California Senate Race
  • 'Succession' Season 4 Teaser Trailer Teases the Fallout From Logan Roy's Major Blindside - Watch Now!
  • Chace Crawford's Pit Stop + Newsmax Deplatformed By DirecTV + Schiff For Senate + Adam DiMarco: WANNA FUCK? + MORE! — 6-PACK
  • 2022's Most Streamed TV Shows Revealed (& Number 1 Is Not 'Wednesday,' 'Bridgerton,' 'Grey's Anatomy' Or 'Friends')

Most Recent

  • Marjorie Taylor Greene: Antifa are ‘fascists’ because ‘they defend the drag queens targeting our children’

    Marjorie Taylor Greene: Antifa are ‘fascists’ because ‘they defend the drag queens targeting our children’

  • Guaranteed Stimulus Checks To Transgender: Checks Starting to Go Out This Month

    Guaranteed Stimulus Checks To Transgender: Checks Starting to Go Out This Month

  • Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game

    Soccer-Three arrested for alleged homophobic chanting at Liverpool-Chelsea game

  • U.S. Senate panel probes competition after Taylor Swift ticketing fiasco

    U.S. Senate panel probes competition after Taylor Swift ticketing fiasco

  • Hundreds of UK cops faces been fired as part of clean-up for misconduct

    Hundreds of UK cops faces been fired as part of clean-up for misconduct

  • George Santos is living the GOP’s values | Opinion

    George Santos is living the GOP’s values | Opinion

  • Madonna Feels ‘Like The Luckiest Girl In The World’ As Fans ‘Shame’ Singer’s Pricey Tour Tickets: ‘Seriously?!’

    Madonna Feels ‘Like The Luckiest Girl In The World’ As Fans ‘Shame’ Singer’s Pricey Tour Tickets: ‘Seriously?!’

  • Tony Dungy Attends March For Life Rally – And Fans Call For His Firing

    Tony Dungy Attends March For Life Rally – And Fans Call For His Firing

Most Commented

Social

Twitter @tlrd | Facebook | Instagram @tlrd

Footer

Copyright © 2023 · Log in

×