I will remove the unecassary words so it's easier read
Trumps had role in fraud scheme, former exec testifies at company's trial
Graham Kates
Thu, November 17, 2022 at 10:08 AM
Former Trump Organization chief financial officer Allen Weisselberg testified in court Thursday, describing how Donald Trump and two of his children allegedly participated in a scheme to defraud tax authorities.
Weisselberg said Donald Trump, or at times Eric Trump or Donald Trump Jr., signed checks to pay up to $100,000 for private school tuition for Weisselberg's grandchildren. Weisselberg said he then instructed the company's controller to deduct the $100,000 from his salary, allowing him to report a smaller income. Copies of some of the checks signed by the Trumps have been shown in court.
Weisselberg said the first time Trump signed a tuition check, Weisselberg told him, "Don't forget, I'm going to pay you back for this." The payback, he said, was the salary reduction.
Two Trump Organization entities and Weisselberg are accused of more than a dozen counts of fraud and tax evasion. Weisselberg entered a guilty plea in August, admitting to charges filed by the Manhattan District Attorney's Office accusing him of receiving more than $1.7 million in untaxed compensation.
Defense attorney Alan Futerfas later asked Weisselberg, "(Trump) didn't authorize you to commit tax fraud did he?"
"Of course not," Weisselberg replied.
Futerfas asked Weisselberg, "What human being did you scheme with?"
Weisselberg replied, "Jeff McConney," referring to the company's controller, who previously testified during the trial. McConney was granted immunity in exchange for grand jury testimony in the case, and blamed Weisselberg for the scheme.
Futerfas continued with questions seeking to differentiate the Trumps from the executives who worked beneath them.
"Did you conspire with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
"Did you scheme with Jeff McConney?" Futerfas asked.
"Yes," Weisselberg replied.
"Did you scheme with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
Later, Futerfas asked, "Aside from family members, you were among the most trusted people they knew. Is that right?"
"Correct," Weisselberg replied.
Soon after, Futerfas asked, "Are you embarrassed about what you did?"
Choking up, Weisselberg replied, "More than you can imagine."
Weisselberg described arranging for his son Barry's family to live in a newly-renovated apartment on New York's tony Central Park South. He said the location was convenient for Barry Weisselberg's job as manager of an ice rink and carousel run by the Trump Organization in Central Park.
Allen Weisselberg said his son paid $500 out of pocket and $500 from his salary per month to rent the apartment, which he described as a "below market" rate.
At the time, Allen Weisselberg and his wife lived in an $8,200 per month company-owned apartment under a lease agreement signed by Donald Trump himself.
by trump by trump family by Weisselberg
Trumps had role in fraud scheme, former exec testifies at company's trial
Graham Kates
Thu, November 17, 2022 at 10:08 AM
Former Trump Organization chief financial officer Allen Weisselberg testified in court Thursday, describing how Donald Trump and two of his children allegedly participated in a scheme to defraud tax authorities.
Weisselberg said Donald Trump, or at times Eric Trump or Donald Trump Jr., signed checks to pay up to $100,000 for private school tuition for Weisselberg's grandchildren. Weisselberg said he then instructed the company's controller to deduct the $100,000 from his salary, allowing him to report a smaller income. Copies of some of the checks signed by the Trumps have been shown in court.
Weisselberg said the first time Trump signed a tuition check, Weisselberg told him, "Don't forget, I'm going to pay you back for this." The payback, he said, was the salary reduction.
Two Trump Organization entities and Weisselberg are accused of more than a dozen counts of fraud and tax evasion. Weisselberg entered a guilty plea in August, admitting to charges filed by the Manhattan District Attorney's Office accusing him of receiving more than $1.7 million in untaxed compensation.
Defense attorney Alan Futerfas later asked Weisselberg, "(Trump) didn't authorize you to commit tax fraud did he?"
"Of course not," Weisselberg replied.
Futerfas asked Weisselberg, "What human being did you scheme with?"
Weisselberg replied, "Jeff McConney," referring to the company's controller, who previously testified during the trial. McConney was granted immunity in exchange for grand jury testimony in the case, and blamed Weisselberg for the scheme.
Futerfas continued with questions seeking to differentiate the Trumps from the executives who worked beneath them.
"Did you conspire with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
"Did you scheme with Jeff McConney?" Futerfas asked.
"Yes," Weisselberg replied.
"Did you scheme with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
Later, Futerfas asked, "Aside from family members, you were among the most trusted people they knew. Is that right?"
"Correct," Weisselberg replied.
Soon after, Futerfas asked, "Are you embarrassed about what you did?"
Choking up, Weisselberg replied, "More than you can imagine."
Weisselberg described arranging for his son Barry's family to live in a newly-renovated apartment on New York's tony Central Park South. He said the location was convenient for Barry Weisselberg's job as manager of an ice rink and carousel run by the Trump Organization in Central Park.
Allen Weisselberg said his son paid $500 out of pocket and $500 from his salary per month to rent the apartment, which he described as a "below market" rate.
At the time, Allen Weisselberg and his wife lived in an $8,200 per month company-owned apartment under a lease agreement signed by Donald Trump himself.
by trump by trump family by Weisselberg