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July 2, 2021 12:30 PM By KEN SWEET, MICHAEL R. SISAK and ERIC TUCKER, Associated Press
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AP Photo/Seth Wenig
The Trump Organization s Chief Financial Officer Allen Weisselberg, second from left, arrives to a courtroom in New York, Thursday, July 1, 2021. Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme that saw the Trump executive allegedly receive more than $1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition.
Richard Marshall
1999: Possible Reform Party candidate for president Donald Trump, left, talks with Minnesota Gov. Jesse Ventura about being self-made men and not from the lucky sperm club meaning other candidates were born into wealth.
Tax law experts see strong case against Trump Org. CFO
KEN SWEET, MICHAEL R. SISAK and ERIC TUCKER, The Associated Press
July 2, 2021
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The Trump Organization s Chief Financial Officer Allen Weisselberg, second from left, arrives to a courtroom in New York, Thursday, July 1, 2021. Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme that saw the Trump executive allegedly receive more than $1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition.Seth Wenig/AP
NEW YORK (AP) Companies give perks to their employees all the time. Many top executives at Fortune 500 companies have access to a corporate jet for personal use, a company apartment, or an expense account for fancy meals. Even lower-level employees regularly get access to perks like tuition reimbursement or cash to join a gym.
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Prosecutors allege that Weisselberg, the Trump Organization’s chief financial officer, evaded more than $900,000 in taxes by taking part of his annual pay in benefits including apartments, luxury cars and a cash bonus at the holidays, described in financial records as “holiday entertainment.”
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Try refreshing your browser, or Longtime Trump ally has loyalty tested as serious tax charges could land him in prison for years Back to video
Judges are often reluctant to sentence elderly defendants with no prior record to prison time, said Ethan Greenberg, a retired New York judge who is now a defense lawyer. But the indictment – detailing a deliberate scheme to avoid taxes on $1.7 million in income over 16 years – “convinces me, and should convince Weisselberg, that a substantial prison sentence is possible,” Greenberg said.
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