During the settlement, both of Trump’s children realized the company was paying Weiselberg for personal expenses, additional income he didn’t declare.
The apple under the tree… After learning in 2017 that the Trump Organization’s longtime CFO, Allen Weiselberg, (pictured in the center) evaded taxes for more than a decade, Donald Trump’s sons instead of reprimanding him … raised his salary, Weiselberg testified today Friday at the trial of the former US president’s company on charges of tax fraud.
Weiselberg testified that the real estate company cleaned up its tax practices in anticipation of additional scrutiny after Trump became president and his sons, Donald Trump Jr. and Eric Trumptook over the reins of the company in 2017.
Neither Trump nor his children have been charged with a crime. The company has declared its innocence. Weiselberg, who has admitted to failing to pay about $1.76 million in income taxes, pleaded guilty in August as part of a plea deal that required Weiselberg to testify at trial.
During the settlement, both of Trump’s children became aware that the company was paying Weiselberg for personal expenses, additional income he was not reporting to the tax authorities, Weiselberg said. He added that they also learned that he and other executives were getting bonuses as if they were independent contractors.
When Susan Hoffinger, a prosecutor in the Manhattan district attorney’s office, asked if the Trump Organization had demoted or punished him, Weiselberg said no.
“You were actually given a raise… which totaled about $200,000?’ Hofinger asked.
“Right,” said Weiselberg, who is now on paid leave. He has stated that his salary and bonus this year exceeded 1 million dollars, and hopes to receive another bonus in January.
He also added that the company did not fire or reprimand two other executives who had practiced similar practices. He said he had little interaction with Trump himself regarding the company after the Republican tycoon became president.
To prove the Trump Organization’s guilt, prosecutors must prove that Weiselberg and other executives acted in their official capacities at the company when they allegedly evaded taxes. Lawyers for the company argue that Weiselberg acted for his own benefit.
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
