(FamilyConservationPAC.com) – According to reports, the Trump Organization was found guilty of tax fraud, conspiracy, a plan to steal money, and making up business records.
The company could have to pay a fine of up to $1.6 million. It’s bad reputation will hurt its ability to do business, so say speculators. The defense said that it would file an appeal.
How did the business work?
The jury decided that Weisselberg did what he did for the company’s sake and that the company got an unfair benefit from his crimes.
Allen Weisselberg first met Donald Trump in the 1970s when he started working for Trump’s father. He pleaded guilty in New York to charges that he ran a scheme to avoid taxes.
According to court records, he did it for years while he was the Chief Financial Officer of the Trump Organization.
Weisselberg pleaded guilty to all 15 counts, which included conspiracy, criminal tax fraud, grand theft, and falsifying business records. He also admitted that he avoided paying taxes on nearly $2 million in income, including rent, luxury cars, and private school tuition for his grandchildren.
He also pleaded guilty to giving expensive perks to staff and family members with money that wasn’t reported to the Internal Revenue Service (IRS).
Was Trump to blame?
Former President Donald Trump and his family were not named as defendants in the case, and Weisselberg said in court that they had nothing to do with his plan.
Trump approved some of the payments himself, but there is no proof that he knew Weisselberg was doing something wrong.
But Weisselberg said that Donald Trump Jr. and Eric Trump found out he cheated on his taxes in 2017, but they still gave him a raise and didn’t punish him for it.
New York isn’t done with Trump yet.
The Manhattan district attorney is looking into Trump’s alleged role in a “hush money” payment to a former adult porn star Stormy Daniels. New York Attorney General Letitia James has made it her life’s work to get Trump in trouble.
She is also suing Trump and his organization for alleged bank fraud. In 2019, she won a settlement against Trump that made him pay $2 million because he had used charity money for political purposes without permission.
This is the closest any state or federal law enforcement agency has come to convicting Trump of a crime. Still, New York prosecutors likely won’t stop until they get Trump behind bars – even if they have to lie, cheat, or steal to get a conviction.
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