Former President Donald Trump’s company was convicted of tax evasion in a trial that showed how it circumvented tax law, paying officials through gifts and off-the-record kickbacks. In the criminal process, the former president is not involved in a personal capacity, but it is a serious blow to his presidential aspiration.
Alvin Bragg, the Manhattan district attorney in charge of the case, said in a tweet that the Trump Organization was indicted “on all counts”.
The former president called that process a “witch hunt”. The criminal trial, which began two weeks ago, is the result of an investigation by the New York prosecutor’s office into alleged irregularities in the company’s accounts dating back to 2005.
Former CFO of the Trump Organization and close to Donald Trump, Alan Wesselberg pleaded guilty on August 18 to 15 to defrauding and evading taxes on $1.76 million in undeclared income between 2005 and 2021.
The 75-year-old former executive, who has worked for Trump since 1973, will be one of the key witnesses in the trial of the company, which is currently run by the former president’s two sons—Donald Trump Jr. and Eric Trump. , He also has real estate, hotel and golf businesses around the world, as well as two subsidiaries, Trump Corporation and Trump Payroll.
Wesselberg, who has so far refused to testify against Donald Trump, directly links the Trump Organization to “a wide range of criminal activities.”
According to the indictment filed on July 1, 2021, He was one of those officials who “obtained a substantial part of their income by indirect and clandestine means.”
“After reviewing millions of pages of multi-year documents, a Trump executive who was ‘tortured’ and accused of failing to pay taxes on the use of company cars, a company apartment company and his grandson’s education Was threatened for years”, bullied the tycoon on his social network.
After reaching a settlement with prosecutors, the former executive, who was the company’s accountant and controller before being financial director, will pay two million dollars in compensation and face five months in prison.
Under his watch, the Trump family company, which has pleaded not guilty, is alleged to have maintained two parallel accounts to hide the pay supplement allowances he and other executives received. I hope you have to pay the fine.
Personally, Donald Trump is not an accused in the case, but he, along with his three eldest children, is the subject of another civil investigation by a New York prosecutor. Democrat Leticia James, who stands accused of lying to the IRS, lenders and insurers in a scheme that altered the value of her properties to enrich herself.
James’ office is seeking a $250 million fine from the former president, barring his family from running businesses in the state and barring his children, Donald Trump Jr., Eric Trump and Ivanka Trump, from purchasing real estate in the state Go State for a period of five years.
The lawsuit is one of several criminal and civil trials facing Trump, who has been called to testify on January 6, 2021, by a congressional commission investigating the attack on the Capitol. In another case, he is facing Justice Department charges for obstruction of justice and withholding classified documents taken from the White House.
*With inputs from AFP.