Allen Weisselberg — a long-time executive for Donald Trump 's business empire — has been taken into custody to begin serving a five-month jail term for dodging taxes on $1.7 million in job perks, a punishment the judge who sentenced him said was probably too lenient.
Weisselberg testified for three days, offering a glimpse into the inner workings of Trump's real estate empire.
Weisselberg's illegal arrangements reduced his own personal income taxes but also saved the company money because it didn't have to pay him more to cover the cost of the perks.Weisselberg alone was accused of defrauding the federal government, state and city out of more than $900,000 in unpaid taxes and undeserved tax refunds.
However, prosecutors, in their closing argument, said Mr Trump "knew exactly what was going on" and that evidence, such as a lease he signed for Weisselberg's apartment, made clear "Mr Trump is explicitly sanctioning tax fraud." He said Mr Trump's eldest sons, entrusted to run the company while Mr Trump was president, gave him a $200,000 rise in pay after an internal audit found he had been reducing his salary and bonuses by the cost of the perks.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Allen Weisselberg: ex-Trump finance chief given five months for tax fraudWeisselberg, 75, pleaded guilty to 15 tax crimes and agreed to testify against Trump Organization after being arrested in July 2021
Read more »
Lynette Hardaway, half of conservative duo Diamond and Silk, dies aged 51Donald Trump pays tribute to Hardaway who formed political commentary team with her sister Rochelle Richardson
Read more »
Georgia jury ends probe of Donald Trump over 2020 election, judge to decide if report is made publicThe Georgia special grand jury that has been investigating whether former US president Donald Trump and his allies unlawfully sought to interfere in the state's 2020 election results has issued its final report.
Read more »
Trump's lawyers fight to keep his deposition in rape case a secretDonald Trump's lawyers have successfully delayed the release of the deposition he recorded in a defamation case filed by a woman who accused him of rape. 9News
Read more »
Grand jury in Georgia’s Trump 2020 election investigation finishes workFulton county district attorney to decide on any indictments after special grand jury heard from dozens of witnesses over six months
Read more »
Federal prosecutors subpoena Giuliani over Trump campaign paymentsThe order, issued in November, also asks the former mayor to provide testimony
Read more »