Page 155 - Cfo News Today

Cryptocurrency is the wild, wild west of finance. but bringing regulation to crypto is easier said than done. >> it sure is. matt, much more to come. thank you so much. lets answer some of those questions. joining me is chief business correspondent christine romans and analyst andrew mccabe, former deputy director of the fbi. so christine, first, i would love if you could describe for people just how massive a collapse that this is. that this whole thing is and how quickly. >> there were super...

I think at the very least these verdicts have to make him feel emboldened. you can get a guilty verdict against donald trump. you can get a unanimous verdict of 12 people -- contrary to donald trumps own statements, you cant stand in the middle of fifth avenue and shoot somebody without accountability. perhaps those things have bolstered the courage of alvin brian to continue working to bring additional charges against him. >> thank you for the reality check on that statement. david, i wonder wh...

Of this and the impact of this on the trump organisation in a donald trump himself is pretty negligible. his organisation is looking at a fine of around $1.6 million, pretty much pocket change for a company of that size but as far as the future is concerned, this verdict could have considerable implications, not only on their ability to borrow money but also its ability to secure government contracts moving forward and crucial to all of this, the testimony of the former cfo who gave evidence in ...

17 counts related to a scheme to line the pockets of top trump executives with under-the-table payments and perks, what prosecutors call a 13-year-long tax fraud scheme. the company guilty on all counts, including conspiracy, criminal tax fraud, and falsifying business records. the states star witness, trumps long time cfo, who pleaded guilty to over a dozen felony counts in august. as garrett haake explains, donald trump himself was not on trial. >> reporter: guilty on all counts. a manhattan j...

This of course was the testimony of the former cfo, alan weisenburger, who gave evidence in return for a more lenient sentence. he is due to be sentenced shortly in regard to this tax fraud and he talked about how compensation including tax—free payments on a luxury apartment in manhattans upper west side, tuition fees paid for his grandchildren, luxury cars and so on. to answer your question about donald trumps response, there has been a statement issued by the trump organisation in which the...

Specifically whether or not there was some benefit that was conveyed to the trump organization by somebody in a high manager position that something that is noted in the law and so effectively here, the jurors have to decide whether the trump organization cfo pleaded guilty, alan weisselberg or trump executives that have come up at trial, whether or not they help convey some benefit to the trump corporation by not having to pay payroll taxes and additional salary, andrea. >> tom winter, thank yo...

Circumstantial evidence to find liability here. theres a concept in law called willful blindness. if other people in the organization kind in knew this was going on but so dont tell me not want to know anymore about it, that could be imputed knowledge to them. if you can show that people who were acting on behalf of the organization, which, by the way, could include weisselberg himself as the cfo, and doing it for the benefit of the company, then that is sufficient evidence for guilt. and so it ...

It was powerful testimony. and he was tearing up and points in it. >> barbara, as we said, the jury deliberations scheduled to begin monday. any thoughts on where you see this heading? why should we be looking out for? >> well, i think the key thing for the jury here is how willing they are to use circumstantial evidence to find liability here. theres a concept in law called willful blindness. if other people in the organization kind in knew this was going on but so dont tell me not want to know...

The Buffalo City Metro council is set to write off R65m in debt owed by the city’s biggest shopping mall. Rebosis Property Fund Ltd, which owns Hemingways Mall, approached the city asking for the write-off. The company, owned by Mthatha-born millionaire Sisa Ngebulane, is in business rescue. The mall owes the city more than R80m in rates and taxes and has gone to the municipality hat in hand for relief.

Properties in exclusive locations and luxury vehicles belonging to several people charged with fraud and corruption in the Mhlathuze Water case were some of the assets attached by the NPA's Asset Forfeiture Unit on Friday.