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.”
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.