• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Ex-Trump Org. CFO Allen Weisselberg testifies against the company

Ex-Trump Org. CFO Allen Weisselberg testifies against the company

November 15, 2022
Kevin McCarthy has ‘good first meeting’ with Biden about debt ceiling

Kevin McCarthy has ‘good first meeting’ with Biden about debt ceiling

February 1, 2023
Marjorie Taylor Greene Mocked for Claim School Received $5.1B for CRT

Marjorie Taylor Greene Mocked for Claim School Received $5.1B for CRT

February 1, 2023
New York Man Admits Threatening to Harm Rep. Marjorie Taylor Greene

New York Man Admits Threatening to Harm Rep. Marjorie Taylor Greene

February 1, 2023
‘Riding a rollercoaster’ in Myanmar’s post-coup economy

‘Riding a rollercoaster’ in Myanmar’s post-coup economy

February 1, 2023
Hunter Biden asks DOJ to investigate Rudy Giuliani and other Trump allies for disseminating his laptop data

Hunter Biden asks DOJ to investigate Rudy Giuliani and other Trump allies for disseminating his laptop data

February 1, 2023
Peru’s Congress votes down yet another bid for early elections

Peru’s Congress votes down yet another bid for early elections

February 1, 2023
U.S. Prosecutors Detail Plot to Kill Haitian President

U.S. Prosecutors Detail Plot to Kill Haitian President

February 1, 2023
Samsung debuts Galaxy S23 family with desktop-level gaming performance

Samsung debuts Galaxy S23 family with desktop-level gaming performance

February 1, 2023
The Soul Nebula’s red glow looks stunning in this Hubble image

The Soul Nebula’s red glow looks stunning in this Hubble image

February 1, 2023
Memphis Gathers in Grief at Tyre Nichols’s Funeral

Memphis Gathers in Grief at Tyre Nichols’s Funeral

February 1, 2023
Ukrainian ballet company uses stage as a refuge from horrors of war

Ukrainian ballet company uses stage as a refuge from horrors of war

February 1, 2023
Oregon Man Wanted in Torture of Woman Killed 2 People, Police Say

Oregon Man Wanted in Torture of Woman Killed 2 People, Police Say

February 1, 2023
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Ex-Trump Org. CFO Allen Weisselberg testifies against the company

November 15, 2022
in News
Ex-Trump Org. CFO Allen Weisselberg testifies against the company
502
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

NEW YORK — Longtime Trump Organization executive Allen Weisselberg took the stand Tuesday as the prosecution’s star witness in the company’s criminal trial on tax fraud charges.

Weisselberg, the former chief financial officer, testified that he received $1.76 million in untaxed, off-the-books perks from the company — confirming key elements of the Manhattan district attorney’s case against the Trump Organization.

Weisselberg, who has worked for the Trump family for nearly 50 years, pleaded guilty in August and agreed to testify against former President Donald Trump’s firm.

Under questioning by prosecutors, he said he knew he owed taxes on the compensation, which included an apartment overlooking the Hudson River, leases for two Mercedes-Benz and private school tuition for his grandchildren. He said he knew that his tax forms were false because they underreported his income.

He said the scheme benefited both him and the company, which would have had to give him a raise twice as large as the amount they spent on his personal expenses to provide the same benefit if taxes were withheld.

Weisselberg said he deliberately withheld information about the extra perks from accountants because he knew they were improper. “They may not have wanted to sign my tax return and prepare my taxes,” he said.

Far from being frozen out of the Trump orbit, Weisselberg revealed that he has continued to receive his full six-figure salary since pleading guilty and agreeing to testify against the company — even celebrating a birthday party at Trump Tower hours after his plea deal was finalized.

He stepped down as CFO after being charged in the case, but stayed on as a senior adviser with many of the same responsibilities until this October, months after his guilty plea, when he began a paid leave of absence.

He told the jury he continues to get paid $640,000 a year in salary and will “hopefully” receive his usual $500,000 bonus in January.

“Much to my regret,” he said, his son “arranged a birthday party for me” at Trump Tower the same day his plea deal was finalized in August, which was attended by other Trump Organization employees.

“It was a small cake. It was a cake. That was the party,” he said.

Weisselberg testified that it was Trump himself who suggested he move into a Riverside Drive apartment on the company dime. Trump later signed the lease for the apartment.

“He said it would help me be able to spend more time at the office rather than sitting on a train for three hours back and forth … and make my life easier,” he said. Weisselberg had previously been living on Long Island.

Weisselberg said he spoke to Trump “usually on a daily basis” until he became president and stepped away from his business empire. “We’d discuss football to business transactions. We were working on things we wanted to do in the future,” he said. “It ran the gamut.”

It was Trump, Weisselberg testified, who authorized his compensation and that of other senior executives. He said Trump was frequently in communication with his employees at the company. “He had an open door policy.”

Manhattan District Attorney Alvin Bragg, who is prosecuting the Trump Organization in his highest profile case since taking office, sat in the court room to watch Weisselberg’s testimony.

As part of his plea deal, Weisselberg is expected to be sentenced to five months on Rikers Island as long as he upholds the agreement and testifies truthfully. Should he violate the deal, he could face 15 years in prison.

If convicted, the Trump Organization could be fined $1.6 million. Weisselberg’s testimony is expected to continue on Thursday.

The post Ex-Trump Org. CFO Allen Weisselberg testifies against the company appeared first on Politico.

Tags: Allen WeisselbergDonald TrumpDonald Trump 2020New YorkNew York Citytrump organization
Share201Tweet126Share

Trending Posts

Indiana Gov. Holcomb’s public health expansion passes legislative panel

Indiana Gov. Holcomb’s public health expansion passes legislative panel

February 1, 2023
Parkland families back law to make applying death penalty easier in Florida

Parkland families back law to make applying death penalty easier in Florida

February 1, 2023
DeSantis Ripped for Proposing Tax Break on Gas Stoves ‘They’ Want to Take

DeSantis Ripped for Proposing Tax Break on Gas Stoves ‘They’ Want to Take

February 1, 2023
Republicans push to remove Ilhan Omar from foreign affairs panel

Republicans push to remove Ilhan Omar from foreign affairs panel

February 1, 2023
‘Wednesday’ Star Jenna Ortega Is “Absolutely Devastated” Over Lisa Loring’s Death

‘Wednesday’ Star Jenna Ortega Is “Absolutely Devastated” Over Lisa Loring’s Death

February 1, 2023

Copyright © 2023.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2023.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT