Criminal Tax Evasion Charges Forthcoming Against Trump Org.

#76
#76
BigOrangeMojo said:
Big companies don't (allegedly) falsify records and knowingly under-report an employee's taxable wages. There's occasionally some questions of the valuation of those benefits for W2 purposes; however, this goes well beyond valuation into fraud.
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The car isn't fraud, the apartment isn't fraud if it was used in lieu of per Diem or hotel expenses since he wasn't a resident in the city and other Trump Org people could use it for business. The tuition thing is troublesome.

I know several companies that maintain a corp apartment and provide company cars.
 
#77
#77
theFallGuy said:
No charges have been filed thus far in the long-running probe. Prosecutors have been scrutinizing Trump’s tax records, subpoenaing documents and interviewing witnesses, including Trump insiders and company executives.

Law enforcement officials familiar with the matter say the investigation has reached a critical point. A grand jury was recently empaneled to weigh evidence and New York Attorney General Letitia James said she was assigning two of her lawyers to work with Vance on the criminal probe while she continues a civil investigation of Trump.

In addition to fringe benefits, prosecutors have looked into whether the Trump Organization lied about the value of real estate holdings to lower taxes or to obtain bank loans or insurance policies on favorable terms. They have also looked into the company’s role in paying hush money to two women who say Trump had affairs with them, accusations Trump has denied.

Some of the scrutiny has been focused on longtime Trump Organization chief financial officer Allen Weisselberg.

Vance’s investigation of Weisselberg, 73, stemmed in part from questions about his son’s use of a Trump apartment at little or no cost, cars leased for the family and tuition payments made to a school attended by Weisselberg’s grandchildren.

Weisselberg’s attorney, Mary Mulligan, declined to comment.

There’s nothing illegal about companies giving lavish perks to valued employees, but in many circumstances those benefits count as compensation subject to income tax.

Fischetti said any charges against the company based on fringe benefits would be overreach by prosecutors.

“We looked back 100 years of cases and we haven’t found one in which an employee has been indicted for fringe benefits — and certainly not a corporation,” he said. For it to be a crime, he said, “it would have to be for the benefit of the corporation with the knowledge of the corporation. They don’t have the evidence at all.”


Trump's company could face criminal charges in New York City
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Fischetti's credibility is less than zero given his earlier "that's it?" comments.
 
#78
#78
BigOrangeMojo said:
Big companies don't (allegedly) falsify records and knowingly under-report an employee's taxable wages. There's occasionally some questions of the valuation of those benefits for W2 purposes; however, this goes well beyond valuation into fraud.
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Can you point to a similar precedent case which resulted in a similar prosecution path as used here? Or is the Manhattan DA just that much of a rock star that he’s completely reinvented how to attack taxable benefits issues.
 
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#82
#82
NorthDallas40 said:
Can you point to a similar precedent case which resulted in a similar prosecution path as used here? Or is the Manhattan DA just that much of a rock star that he’s completely reinvented how to attack taxable benefits issues.
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There appears to be some level of fraud here but you are kidding yourself if you don't think this is 100% politically motivated
 
#83
#83
BigOrangeMojo said:
There appears to be some level of fraud here but you are kidding yourself if you don't think this is 100% politically motivated
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It's a stretch to call it fraud IMO other than the paying of the tuition. I can't understand why they would do that.
 
#88
#88
OrangeTsar said:
There is a reason that both Nixon and Clinton were never pursued criminally after they left office. Cooler heads prevailed realizing that prosecutorial revenge destroys democracy. But the irrational mindless hatred of Trump (who IS NOT a person I will EVER defend BTW) will destroy us all. Leave the man alone and let him fade into his deserved irrelevance. Do not use the full power of the state to seek petty vengeance. The cost is more than we can pay
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You're talking about the new communist party, they'll destroy any enemy
 
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#93
#93
hog88 said:
I think the fact he owned a house outside of NYC and once he sold it he started paying NYC taxes will work in his favor.
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If you work in NYC (more than de minimis), you are required to file NYC taxes. He lived in the NYC apartment in question, worked in NYC. If the indictment is correct, this is a huge issue for him.
 
#94
#94
BigOrangeMojo said:
If you work in NYC, you are required to file NYC taxes. He lived in the NYC apartment in question, worked in NYC. If the indictment is correct, this is a huge issue for him.
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I agree that if they can prove he was a NYC resident it is a huge problem. I think he has a good case that he wasn't.
 
#96
#96
hog88 said:
Seriously? They handcuffed him to walk him down the hall? The man turned himself in and they handcuff him?
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I’ll bet she doesn’t post the video from 10 minutes later that shows them all walking out uncuffed and unmasked. That “perp walk” is the next piece of evidence showing just how this is all political theater.
 
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