The Limited Times

Now you can see non-English news...

The former financial director of the Trump Organization is sentenced to five months in prison for tax fraud

2023-01-10T21:13:41.826Z


Weisselberg pleaded guilty to 15 charges and agreed to testify against the former president's company


Allen Weisselberg, former financial director of the Trump Organization, has been sentenced this Tuesday to five months in prison and five years of probation by a New York court for tax fraud.

Weisselberg, 75, a confidant of Donald Trump, pleaded guilty in August to 15 counts of helping to create a tax fraud scheme within the company and agreed to collaborate with the investigation and testify against the business group of the former president.

With the collaboration of the senior executive of the former president's business empire and after more than three years of investigation, the company was found guilty by a jury on December 6, but is only exposed to fines.

With the collaboration of Weisselberg, the company created a system to pay part of the compensation of its executives with black money or undeclared benefits over a period of about 15 years.

The executive himself received the use of a free home in Manhattan (New York), the high-end car rental, furniture and even the payment of the educational expenses of his grandchildren without declaring it to the Treasury.

The former chief financial officer of the organization, a conglomerate that operates hotels, golf courses and other real estate properties around the world, will spend five months in New York's Rikers Island jail, after which he will serve five years on probation.

In addition, he will pay some two million dollars to compensate for the taxes not paid at the time, according to the agreement he reached with the prosecution.

Weisselberg already worked for the group when it was led by the former president's father.

He had been in the organization for half a century.

The judgment against the company is scheduled to be handed down this Friday and the company faces a fine of up to $1.6 million.

Trump was never charged in this case, although the fact that his business group has been convicted of tax fraud is a new blow to his reputation.

The Trump Organization is subject to another civil investigation for tax fraud.

The former president has denounced without evidence that both investigations, initiated when he was president, are the consequence of a political persecution against him.

Trump has announced his candidacy in the 2024 presidential election, but has other major court cases pending.

Among them, the one related to the secret papers that he took from the White House to his Mar-a-Lago mansion in Palm Beach (Florida) and refused to hand over despite legal requirements and the one that investigates his activity to subvert his electoral defeat in 2020 and prevent the peaceful transfer of power to Joe Biden.

The House committee that investigated the assault on the Capitol on January 6, 2021 has recommended that Trump be indicted for the crimes of incitement to insurrection, conspiracy to give false testimony and to defraud the United States and of obstruction of an official procedure of Congress, the vote to certify the triumph of President Joe Biden.

Follow all the international information on

Facebook

and

Twitter

, or in

our weekly newsletter

.

Source: elparis

All news articles on 2023-01-10

You may like

Trends 24h

News/Politics 2024-04-18T20:25:41.926Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.