Page 195 - Cfo News Today

This is a good news, bad news situation. the bad news is your company is about to get indicted. that means theyre going to have a long, expensive difficult legal battle and if convicted they could have to pay major fines, restitution and could spend the end of the trump org. the good news is youre not going to jail based on an indictment of the trump org. no individual can go to jail based on an indictment of a corporation and if youre donald trump, its reasonable to conclude at this point prose...

Come down on them from the manhattan d.a.? >> well, the way you measure now that his twitter account has been taken away are his public statements he puts out through his tack on e-mail, and he weighed in with something he had written himself. theres also what people in his world are saying. but i think the real effect on this, depending on what happens, and this is what we saw during his presidency, too, even an agitation like this, something that starts maybe not with the trump organization at...

Senior fbi official chuck rosenburg. lets gun with you. the trump organization, theyre waiting potential charges that could come at virtually any moment. give us a sense based on your reporting what we can expect as we wait for the next phase of this investigation. >> they would indicate that there is likely movement to happen later this week in new york. and this investigation is a long time running. both into his attorney and the cfo of the trump organization as well as the company itself. we ...

Harm that business could face if it were indicted including damage to its relationships with banks and business partners". thats according to people with knowledge of the matter. matt miller joins me. so first of all, good to see you. st but this sort of meeting that happened yesterday, as i understand it, is routine when it comes to white collar investigations. what if if anything does it signal about where the prosecutors work stands right now? >> i think it signals that barring last minute de...

To wrap up the case. i think it will be clear theyre going to continue investigating. to take your question directly, theyre not the case of the century but important to prosecute. not true these arent prosecuted. people are not declaring or withholding income tax in an intentional way to pay less income tax, it is important to prosecute, but not the main charges. >> untaxed fringe benefits, do you think thats going to get people like allen weisselberg who has been the cfo of the trump organizat...

Prosecutors informed the company it could face criminal charges as soon as this week. cnn learned the charges stem from allegations the company was trying to avoid paying taxes on benefits it gave employees like free cars, apartments and school division. it would be unusual to charge a company for failing to pay taxes on benefits like this. we know the former president and some others have suggested this investigation is politically motivated. so we need to wait to see what if any charges are fi...

>> if the charges are not dropped against the trump organization, walk us through the next step in the process. how does this case proceed? >> so what the investigation seems to have focused on is whether the trump organization paid taxes on fringe benefits like when they purchase a condo for an employee or paid somebodys tuition. even when theres a lot of money at issue, prosecuting the corporation is quite rare. the issues are usually resolved through a lawsuit where the company just has to pa...

Relationships, business, et cetera, other innocent employees of an indictment of the trump organization. so it is not unusual to at least allow that opportunity. i dont think that it will work here for a variety of reasons. >> josh, i said id come back to you on allen weisselberg, long time cfo, somebody at the center of a lot of this moving forward. potential tax evasion for various benefits for working for the company. one of the trump organization attorneys told our team last week that and i ...

The families we met with, the mayor and i, this morning, the pain in their face, their impressions, are unlike anything ive seen before. it is very difficult to know that your loved one could still be alive and have the hope to believe that. and at the same time just sit there and wait for that information to get to you. thats got to be one of the most difficult things that anybody could endure. and these people are doing it now. the governor said. 100 hours since this took place. but the hope i...

Weisselberg seem to be the most immediate targets of the investigation, and possible to be indicted as soon as this week, and both weisselberg as a person obviously and the trump organization as an entity. it is not the end of the investigation and not end without trump being indicted, and legal exposure, because the company could face fine, and now his cfo, the person who knows most of his conduct over the last 30 years will see the charges against him and feel greater pressure to flip. >> and ...