NEW YORK — Former President Donald Trump’s real estate company cheated tax authorities for 15 years, a prosecutor said on Monday in her opening statement in…
The company paid certain executives – including CFO Allen Weisselberg – in perks such as rent and car leases without reporting those benefits to tax authorities, and falsely reported bonuses as non-employee compensation, said Susan Hoffinger, a prosecutor with the Manhattan district attorney’s office.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.
“Weisselberg did it for Weisselberg,” Michael Van Der Veen, a lawyer for the Trump Payroll Corporation, said in his opening statement. “Greed made him cheat on his taxes, hide his deeds from his employer, and betray the trust built over nearly 50 years.” Van Der Veen also sought to shift blame to accounting firm Mazars, which handled the company’s and Weisselberg’s tax returns.Article content
Weisselberg admitted in his guilty plea to avoiding taxes on $1.76 million in personal income himself through the scheme. He will be required to pay nearly $2 million in unpaid taxes, penalties and interest, Hoffinger said.Article content Susan Necheles, a lawyer for the Trump Corporation, said it was Weisselberg – not the company – who wanted to clean things up.
The day he pleaded guilty, the Trump Organization called Weisselberg a “fine and honorable man” who had been harassed by law enforcement in a “politically motivated quest” to get Trump.Justice Juan Merchan, the judge overseeing the case, has rejected the argument that the Trump Organization was targeted for selective prosecution.
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