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Tag: The Trump Organization

Prosecutors rest in Trump Organization criminal trial
Politics

Prosecutors rest in Trump Organization criminal trial

Manhattan prosecutors called their last witness Monday in the Trump Organization's criminal trial. During three weeks of testimony, they portrayed a company for which many of the top executives not named Trump allegedly devised a series of schemes to avoid taxes on income and luxury benefits.Two Trump Organization companies and former chief financial officer Allen Weisselberg were charged with more than a dozen counts related to fraud and tax evasion. No member of the Trump family has been charged in the case. Weisselberg previously entered a guilty plea in the case and agreed to testify for the prosecution. During more than three days of testimony, he described receiving annual bonuses in which he was called an independent contractor, and deducting the value of luxury benefits ...
Judge agrees to appoint monitor for Trump Organization assets, restricts financial transfers without approval
Business

Judge agrees to appoint monitor for Trump Organization assets, restricts financial transfers without approval

A state judge Thursday granted a request by the New York attorney general for an order prohibiting the Trump Organization from transferring any substantial assets, unless pre-approved by the court, and appointing an independent monitor to oversee communications regarding financial matters while a state lawsuit against the company moves forward.New York Attorney General Letitia James' office was seeking a preliminary injunction, alleging in a court filing that the company "appears to be taking steps to restructure its business to avoid" liability and payment of any damages in a massive lawsuit filed by her office in September. The suit alleges a widespread effort to manipulate property valuations by former President Donald Trump and his eponymous company. It seeks $250 million an...