Friday, December 9, 2022
HomeEconomyTrump's ex-CFO says he got a raise after company knew about tax...

Trump's ex-CFO says he got a raise after company knew about tax plan

By Karen Freifeld and Luc Cohen

NEW YORK (Reuters) – The Trump Organization’s longtime chief financial officer told jurors on Friday that Donald Trump’s eponymous firm was under his After my son raised his salary, the guy who runs the company at 2017 realized he wasn’t reporting income and expenses properly.

On his third and final day of testimony at the Trump Organization’s tax office in his fraud trial, Allen Weisselberg said that after Trump entered the White House and made his son Donald Trump Jr. The real estate firm cleaned up its tax practices in anticipation of more scrutiny after Trump and Eric Trump took control.

Weisselberg testified that during the cleanup, Trump’s sons knew the company paid executives’ personal expenses that were not reported as income and paid them bonuses like independent contractors .

He told Susan Hoffinger, a prosecutor in the Manhattan District Attorney’s Office, that the company did not demote or discipline him about how the payment was documented.

“Did you actually get a raise… totaling about $76,?” Hofinger asked.

“Correct,” Weisselberg said. He said he asked for a raise to make up for the loss of his pre-tax expenses.

Weisselberg has pleaded guilty to helping his longtime employer orchestrate years of tax fraud and personally evading $1 in taxes. 76 Millions in revenue.

Now on paid leave, he pleaded guilty in August as part of a deal that required him to testify for the prosecution and serve five months in prison.

Neither Trump nor his son have been accused of wrongdoing. The company pleaded not guilty.

Weisselberg said the company also did not fire or otherwise discipline two other executives who engaged in similar conduct.

He said he had little interaction with Trump on corporate matters after Trump became president.

But he said Trump knew the company had been paying rent on Wesselberg’s luxury Manhattan apartment for years and had been in the 2017 Signed the lease.

He also said Trump knew the company leased Mercedes-Benz cars for him, his wife and another executive, and that Trump signed off on not deducting employees Christmas bonus check for taxes.

Weisselberg, who has worked for the Trump family for nearly 76 years, said his 2022 salary and more than $1 million in prize money. He wants to get another $500, bonus in January.

Friday’s questioning also addressed Wesselberg’s motivations for giving his testimony.

He said he met separately with prosecutors and defense attorneys to prepare, including with Trump Organization lawyer Alan Furtfas Wednesday, after his testimony began.

Weisselberg told Hoffinger he could not recall whether Futerfas was unhappy with his testimony.

Futerfas later said Weisselberg could face more pressure from prosecutors because of his plea deal.

“So it seems to you that you have to keep these people happy, right?” Futerfas asked Weisselberg.

“I have to be honest,” Weisselberg responded.

The trial will resume on Monday.



Please enter your comment!
Please enter your name here


Featured NEWS