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Crime Donald Trump The Trump Organization

New Evidence Of Trump’s Tax Fraud Points To More Indictments Coming Soon From Prosecutors

Just last month, the very first indictments were handed down from the office of Manhattan District Attorney Cyrus Vance, Jr. against both the Trump Organization and the company’s Chief Financial Officer, Allen Weisselberg. Those indictments were based on evidence found in corporate and tax documents which suggest the former president’s company routinely paid employees off the books by agreeing to provide other gifts of value (private school tuition, cars, luxury apartments) that were never disclosed by either the recipients or the company.

And now we have even more evidence of tax improprieties, according to a report from The Daily Beast which alleges that Weisselberg’s son, Barry, was also showered with goodies that tax authorities knew nothing about because neither Barry Weisselberg or Trump’s corporation reported them as required by law:

“Barry Weisselberg is the longtime manager of the Trump-owned Wollman ice rink in Central Park. Details about the financial arrangement, as well as tax returns showing that the additional income was unreported, were delivered to the New York attorney general and Manhattan district attorney by Barry Weisselberg’s ex-wife, Jennifer Weisselberg. And The Daily Beast has reviewed the material, which includes a decade of tax returns and statements of net worth.”

“Specifically, as he admitted under oath during divorce proceedings, Barry Weisselberg lived in a “one-bedroom flat in Manhattan’s expensive Upper East Side” during 2018.”

“It’s a corporate apartment that I was given temporarily,” he testified under oath in August 2018, adding that he had no clue if rent was being paid.

Whether rent was being paid or not is irrelevant because the apartment clearly had value and therefore not reporting it was part of a larger tax avoidance scheme:

“That deal was described as a tax-dodging ‘scheme to defraud’ in the June 3 indictment against the Trump Organization and his father, the company’s chief financial officer. In it, prosecutors said the pad had ‘no reported rent at all.’ The indictment noted that the company ‘intentionally failed’ to report that income or pay associated taxes to federal, state, and local government agencies.

“’The value of the lodging provided to [Allen] Weisselberg’s family member constituted income to that family member,’ the indictment reads.”

Barry Weisselberg wasn’t named in the July indictments from the grand jury sitting at the request of Vance’s office, but it’s believed prosecutors may be using the threat of charging him in order to get his father to cooperate and tell what he knows about illegal actions committed by the former president and members of his family who are also intimately involved in the running of the Trump Organization. Namely, Don Jr., Ivanka, and Eric.

 

More indictments are coming from Vance’s grand jury. And it’s safe to speculate that Donald Trump’s name will be on them. After all, it’s his company and he and his three oldest children have run it for decades.

All of the evidence that has been disclosed in court filings suggests there’s some very bad days ahead for the Trump family and their company. For now, all we can do is wait for the next shoe to drop.

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Crime Donald Trump The Trump Organization

Did Trump Just Hand The Case Against Him To Prosecutors On A Silver Platter?

Recently, there were multiple reports failed, one-term former President Donald Trump had just made a move with his company, the Trump Organization, that had some legal experts shaking their heads.

What did Trump do? The Washington Post reported that Allen Weisselberg, the indicted chief financial officer of Trump Org., had been stripped of his leadership role at more than 40 subsidiary companies:

“The changes were made Thursday and Friday, a week after a grand jury in Manhattan indicted Weisselberg on 15 felony counts, including grand larceny and tax fraud. Weisselberg was accused by New York prosecutors of helping run a 15-year scheme to evade income taxes by concealing executives’ salaries — including more than $1.7 million of his own income — from tax authorities. Two Trump corporate entities were indicted alongside Weisselberg.

So what exactly is Trump’s strategy when it comes to dumping Weisselberg while prosecutors are attempting to get the CFO to roll over on the Donald and testify against him?

It could be that Trump wants to reassure regulators, lenders, and other business entities that an indicted executive of the company isn’t making major decisions. But that’s far from the truth, according to The Post’s David Fahrenthold:

“A person familiar with the company who spoke on the condition of anonymity to discuss its internal decisionmaking told The Washington Post: ‘Allen Weisselberg’s at the company. He’s got a job. He’s going to remain at the company.'”

Weisselberg is suspected of having evaded more than $900,000 in taxes, which means he’s facing enormous financial penalties and time in prison if he’s convicted. So is it wise for Trump to be cutting him loose right now?

Who is replacing Weisselberg as head of those subsidiary companies? Donald Trump Jr. and Eric Trump, who serve as vice presidents of the family-held corporation which carries their father’s name. That increases the legal exposure for them, which could mean that their dad is planning to toss them under the bus in the future in a last-ditch effort to save himself.

No matter what the former president does from this point forward, he has already strengthened the case against him by pushing Weisselberg overboard. He’s also made it more likely that Weisselberg will agree to cooperate with prosecutors as they build their case against the Trump family.

Donald Trump has handed the case against him to prosecutors on a silver platter. All they have to do now is follow the scorched earth approach he’s taking and present his moves to the grand jury.

As he’s always been, Donald Trump is his own worst enemy, and he’s not even smart enough to realize it.

 

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Crime Donald Trump

Trump’s Legal Problems Could Get Much Worse After Tuesday: Report

Granted, it seems like we’ve been waiting for an eternity to see Donald Trump indicted and placed on trial for various criminal charges including bank and insurance fraud as well as money laundering and conspiracy. The question, however, keeps being asked: When do we reach the denouement that sees justice catch up with him?

While none of us are good at predicting the future, two longtime political operatives, Arick Wierson and Bradley Honan, believe Tuesday’s election in New York — most notably the race for District Attorney of Manhattan — is the matchup to watch because it could be very bad news for the failed, one-term former president.

In an op-ed they penned for CNN, Wierson and Honan write:

“Whoever wins the election will be handed a caseload that will include, in all likelihood, the prosecution of the Trump Organization in what could be the most consequential legal case in our nation’s modern history. For more than two years, the office of Cy Vance Jr., the current Manhattan DA, has been conducting a sprawling investigation into the inner workings of the Trump Organization’s finances stemming in part from hush money payments made to women who said they had extramarital affairs with Trump (which he has denied). The Manhattan DA’s office has also suggested it is looking into allegations that the Trump Organization inflated property values in statements to lenders and insurers while undervaluing assets for tax purposes.”

Vance is retiring at the end of the year, so whoever replaces him will have a lot on their plate when it comes to the Trump family and Trump Organization. Right now, that appears to come down to two candidates:

“Many political insiders believe it’s really a two-horse race between Democratic candidates Tali Farhadian Weinstein, a former federal prosecutor and general counsel for the Brooklyn district attorney, and Alvin Bragg, a prosecutor in the state attorney general’s office.”

Weinstein is the wife of a hedge fund manager, Boaz Weinstein, and also interviewed with the Trump administration to fill a federal judgeship which was never offered to her. However, her coziness with the Wall Street crowd could hurt her chances of winning the D.A.’s race.

Alvin Bragg’s base of support is in Harlem and he has also been endorsed by the New York Times. The fact he has experience as a prosecutor is certainly an advantage for him as he seeks to be the top law enforcement official in the borough of Manhattan.

No matter who prevails when the votes are counted, he or she may wind up making a major name for themselves by prosecuting the Donald and his company, Wierson and Honan conclude:

“If Vance’s office doesn’t bring charges before he leaves office, then it will be left to the incoming DA to make that call, and come January 2022, the new Manhattan DA will be drinking from the fire hose with no time to ease into the job — which suggests that someone with high-level prosecutorial experience might be best positioned to succeed this time around.

“With numerous candidates on the ballot, Manhattan voters must choose wisely come Tuesday; whoever ends up winning the Manhattan DA race must not only have the wisdom and moral compass that the role has always required, but ample amounts of strength, fortitude, political smarts and cojones to take on the former president.”

Whoever wins will forever endear themselves to the people of New York and the majority of the nation if they continue to move forward aggressively and LOCK TRUMP UP!

 

Categories
Crime Donald Trump

Manhattan DA Has An ‘Insider’ At The Trump Organization: Report

For months now, we’ve seen reports that prosecutors in the office of Manhattan District Attorney Cyrus Vance, Jr. have been trying to get Allen Weisselberg, the chief financial officer of the Trump Organization, to flip on Donald Trump and tell what he knows to investigators.

But what if Vance already has an insider that can provide just as much evidence as Weisselberg and has already appeared before a grand jury that may be handing down more indictments in the coming months?

That’s exactly what Andrew Weissman, the top prosecutor in the Mueller investigation, believes has happened.

Appearing on MSNBC’s “The Beat” recently, Weissmann told host Ari Melber:

“I’d like to throw out one more name, which is Jeff McConney, because I don’t think that’s gotten enough attention because last week the reports were that he went into the state grand jury and he is the controller of the Trump Organization So, again, all speculation, but clearly you’re looking for an insider. That’s why there is so much focus on Allen Weisselberg trying to get somebody who is on the inside who would know where every penny went. Well, that’s the controller as well as the CFO. So if Jeff McConney is cooperating, that is really bad news potentially for Weisselberg and for the Trump Organization and other individuals up to and including the former president.”

McConney has access to the same financial information as Weisselberg, Weissmann noted, meaning that there’s a very good chance he’s already spilled his guts to Vance’s prosecutors to keep from being charged with various crimes.

Weissmann then added:

“In other words, Manhattan may have found their insider, because it would be unusual to put somebody like McConney into the state grand jury, where he would be given immunity as soon as he testifies automatically, if they didn’t think that he had something useful to provide.”

It certainly makes perfect sense that prosecutors might have gone around Weisselberg and subpoenaed McConney first, if only to see if what he says matches up with Weisselberg’s testimony when he appears before the Manhattan grand jury.

No wonder Trump is reportedly sweating over what’s happening with Vance’s investigation. It appears the DA is gathering all the evidence and leaving no stone unturned. That alone tells you the future doesn’t look bright for the Donald.

 

Categories
Crime Donald Trump

Preet Bharara: Expect The Manhattan DA To Indict Trump Very Soon

Donald Trump has been out of the White House for over four months now, and while we continue to get snippets of information regarding the multiple criminal investigations being conducted into him and his company, the Trump Organization, it seems fair to ask the question so many of want an answer to: Just how close are we to criminal charges being filed against the failed, one-term former president?

That’s the very question Dahlia Lithwick of Salon asked of Preet Bharara, the former U.S. attorney for the Southern District of New York until he was fired by Trump in 2017. Bharara made it clear that he thinks the Day of Indictments is coming very soon, and he expects the charges will be handed down by Manhattan District Attorney Cy Vance Jr.:

“Cy Vance is not running for reelection. Vance is, as they say, a lame duck. As a lame duck, he’s done certain things, including hiring an outside forensic accounting firm, which is not super unusual but it’s not that common. He’s done something else that is less common, which is hire an outside lawyer, Mark Pomerantz, who’s a very distinguished, well-respected lawyer in New York. I’m not going to put too much weight on it, but it seems like the kind of move you make when you believe that there’s going to be a charge or there’s a good likelihood of a charge, because it’s a pretty public thing to do. It also risks alienating people in your own office. It’s just a gut feeling that I have that taking these actions indicates to me that that office believes there’s a decent likelihood of a charge, and so that’s the one I’d be watching.”

Bharara also noted that he’s convinced Trump’s finances are what will wind up causing him the most problems legally:

“It doesn’t sound farfetched to think, ‘Well, when it suited him, Donald Trump inflated the value of his holdings. Otherwise he understated the value of his holdings.’ Both of which can incriminate him criminally and subject him to exposure. That all sounds like it makes sense. There’s also the reporting that Michael Cohen, his former lawyer who was prosecuted by SDNY, has met with prosecutors and investigators with the DA’s office like a gazillion times.

“All of those things, again, they’re not dispositive, but they all indicate to me that it’s a very serious undertaking. They’re taking it very seriously. They’re spending a lot of resources on it, and you don’t do that if it’s a long shot, I don’t think.”

Millions of us are ready to see Trump charged and taken to trial. But these matters take time, and people seem to forget that. However, we can always hold onto something that Martin Luther King Jr. often said as solace: “The arc of the moral universe is long, but it bends toward justice.”