Report: Trump Org. could face criminal charges
Category: News & Politics
Via: john-russell • 3 years ago • 15 commentsBy: Lisa Lambert and Paul Grant i (The Mercury News)
S E E D E D C O N T E N T
By Reuters | June 25, 2021 at 11:36 a.m.
By Lisa Lambert, Paul Grant and Karen Freifeld | Reuters
WASHINGTON - The Manhattan district attorney's office has told lawyers for former U.S. President Donald Trump it is considering filing criminal charges against his family business in connection with fringe benefits it awarded a top executive, the New York Times reported on Friday.
The district attorney, Cyrus Vance, could announce charges against the Trump Organization and its chief financial officer Allen Weisselberg as soon as next week, the newspaper said, citing several people with knowledge of the matter.
Lawyers for the Trump Organization could not immediately be reached for comment. A lawyer for Weisselberg declined to comment. Vance's office also declined to comment.
Any criminal charges would be the first in Vance's probe into Trump and his business dealings.
Vance's office had said it was investigating "possibly extensive and protracted criminal conduct" at the Trump Organization, including tax and insurance fraud and falsification of business records.
Lawyers for Trump met on Thursday with top prosecutors in Vance's office to try to persuade them not to charge his company, the Times said, citing several people familiar with the meeting.
Such meetings are common in white-collar criminal probes. The Times has said developments in the probe could increase pressure on Weisselberg to cooperate with prosecutors and testify against Trump.
The former president has not been charged and it is unclear whether charges will be brought.
Vance's probe nevertheless could complicate any return to politics by Trump, who has lost some of his ability to communicate publicly by being permanently banned from Twitter and suspended for two years by Facebook.
Court filings and records subpoenaed in the investigation show that Weisselberg and his son Barry have received corporate perks and gifts worth tens or hundreds of thousands of dollars in their years associated with the Trump Organization.
If they failed to account properly for that money on tax returns and other financial filings, they could be in legal jeopardy, legal experts have said.
New York's attorney general, Letitia James, has also opened a criminal probe into Trump's company.
She has been investigating whether the Trump Organization inflated the values of some properties to obtain better terms on loans, and lowered their values to obtain property tax breaks.
Vance's probe began after Trump's former lawyer and fixer Michael Cohen paid hush money to silence two women before the 2016 presidential election about sexual encounters with Trump that they claimed to have had.
Trump has denied the women's claims.
Court records show there is some overlap between Vance's and James' separate probes, including their focus on Seven Springs, a 212-acre estate outside Manhattan that Trump bought in 1995.
James is examining the propriety of a $21.1 million tax deduction taken when Trump agreed not to develop the property, after local opposition derailed his goal of building a golf course, and a separate plan to build luxury homes was shelved. (Reporting by Lisa Lambert and Paul Grant in Washington, D.C. and Karen Freifeld in New York; Editing by Jonathan Oatis and Howard Goller)
Tags
Who is online
398 visitors
NBC news is reporting that the Trump Organization will be criminally charged with tax evasion as early as next week.
I'm sure it was just a simple clerical error by some underling that's no longer employed there.
who's that, the guy that used to grab coffee for the campaign people....
I refuse to get my hopes up again.
You know he will throw everyone and anyone under the bus for this...