Former US President Donald Trump’s company Trump Organization is accused of violating tax laws. This was reported on July 1 by the TV company CNN…
Corresponding criminal charges were brought against the company and its CFO Allen Weisselberg.
It is noted that the organization and its director have been involved in a criminal tax evasion scheme for 15 years. So, they are charged with fraud, collusion, theft of property and forgery of documents.
The Trump Organization, according to the prosecutor’s office, has evaded taxes in the total amount of $ 1.7 million. At the same time, the basis for the accusations is information from tax reports, testimony of witnesses, as well as data from electronic media.
Earlier that day, it became known that the chief financial officer of the Trump Organization refused to cooperate with the prosecutor’s office, which is investigating the former American leader. Informed sources noted that Weisselberg’s testimony “could play a key role” with regard to the investigation, as well as the possible indictment of Trump.
The said proceedings are being conducted by Cyrus Vance, Attorney for the American District of New York (located in the state of the same name). It concerns the role that Trump could allegedly play in paying money for silence to women who claimed to have had an intimate relationship with him in the past. In addition, the proceedings concern alleged violations by Trump and his company in the tax and banking spheres.
The Trump Organization has been at the forefront of an investigation for the past few months. Investigators are investigating whether the payment of benefits to Weisselberg and other company executives is legal, and whether taxes have been paid from them.
As reported on June 25 by The New York Times, the organization paid for tuition at a private school for one of Weisselberg’s grandchildren, as well as rent for his apartment and cars. In turn, Trump ridiculed the investigation, calling it a politically motivated witch-hunt by the Democrats.
On February 14 this year, The Wall Street Journal reported that the New York prosecutor’s office has expanded its investigation into the financial activities of the former US president in connection with real estate transactions in Manhattan.
According to the publication, the authorities are interested in loans that Trump received from several subsidiaries of Ladder Capital, which deals with mortgage loans, for a total of about $ 280 million.