Fogbow

Gregg wrote: ↑Thu Jul 01, 2021 2:04 pm You don't get protection under Chapter 11 to re-organize a criminal enterprise.

Gregg wrote: ↑Thu Jul 01, 2021 2:04 pm The only bankruptcy available to him after a conviction would be a Chapter 7 liquidation, and I'd bet my last dollar he doesn't have enough assets selling under duress to pay off his loans. You don't get protection under Chapter 11 to re-organize a criminal enterprise.

Notaperson wrote: ↑Thu Jul 01, 2021 3:03 pm Woah. IANAL but it sounds a little more serious than we've been led to believe.

filly wrote: ↑Thu Jul 01, 2021 3:11 pm Who is Un-indicted Co-Conspirator #1? Guesses?

chancery wrote: ↑Thu Jul 01, 2021 3:21 pmI particularly like the internal spreadsheet listing all of the under the table compensation as part of direct compensation. As Aaron Reichlin-Melnick (@ReichlinMelnick) tweeted: Moral of the story: Don't "maintain internal spreadsheets" showing that the guy you are paying off the books is being paid off the books.

chancery wrote: ↑Thu Jul 01, 2021 3:21 pm

Notaperson wrote: ↑Thu Jul 01, 2021 3:03 pm Woah. IANAL but it sounds a little more serious than we've been led to believe.

Yes, a bit more serious than I had feared. I'm pleased that the charges are not quite as penny-ante as I had thought they would be. Happy to have been proved wrong.

I particularly like the internal spreadsheet listing all of the under the table compensation as part of direct compensation. As Aaron Reichlin-Melnick (@ReichlinMelnick) tweeted: Moral of the story: Don't "maintain internal spreadsheets" showing that the guy you are paying off the books is being paid off the books.

I'm still a little unclear on the dollar amounts, as the prosecutors keep emphasizing the amounts of federal tax evaded. Those amounts might be relevant to a collateral issue such as the magnitude of total harm caused by the conspiracy (just a hypothetical, haven't looked at the statute). However, the amount of state tax evaded is much less than the amount of federal tax evaded, and at the end of the day the gravity of Weisselberg's state law crimes will be measured primarily by the amount of state tax involved.

And the initial twitter comments suggest that Weisselberg is facing months rather than years in prison.

zekeb wrote: ↑Thu Jul 01, 2021 3:23 pm

filly wrote: ↑Thu Jul 01, 2021 3:11 pm Who is Un-indicted Co-Conspirator #1? Guesses?

Someone whose last name begins with a "T"?

filly wrote: ↑Thu Jul 01, 2021 3:39 pm That's a good question much ado. It seems that "someone" quashed the SDNY investigation into the hush money payments after Cohen was indicted. I understand the OLC opinion says you can't indict a sitting president, but T**** is no longer the sitting president and there seem to be endless scandals that implicate him in actual crimes that the DOJ is apparently disinterested in pursuing. Which infuriates me. It's the people of the United States who were screwed by his tax evasion schemes.

I voted for Biden primarily to get T**** out of the White House. But I also voted to have a responsible DOJ and I cannot discern any meaningful action they are taking to clean the mountains of shit up.

bob wrote: ↑Thu Jul 01, 2021 3:25 pm
As always:

filly wrote: ↑Thu Jul 01, 2021 3:11 pm Who is Un-indicted Co-Conspirator #1? Guesses?

If Weisselberg and his son were being paid off books ... what are the chances that the Trump family were being paid off books?

somerset wrote: ↑Thu Jul 01, 2021 4:29 pm

filly wrote: ↑Thu Jul 01, 2021 3:11 pm Who is Un-indicted Co-Conspirator #1? Guesses?

My guess is Allen Weisselberg's #2 (I forget his name).

He's the controller who recently was given immunity for his testimony.

Kendra wrote: ↑Thu Jul 01, 2021 4:41 pm

If Weisselberg and his son were being paid off books ... what are the chances that the Trump family were being paid off books?

Kendra wrote: ↑Thu Jul 01, 2021 4:42 pm

somerset wrote: ↑Thu Jul 01, 2021 4:29 pm

filly wrote: ↑Thu Jul 01, 2021 3:11 pm Who is Un-indicted Co-Conspirator #1? Guesses?

My guess is Allen Weisselberg's #2 (I forget his name).

He's the controller who recently was given immunity for his testimony.

I forget where I saw that, but others are speculating that name too.

Jeff McConney, a senior vice president and controller at the Trump Organization, has testified before a grand jury that was stood up by the Manhattan District Attorney's office to determine if charges should be brought against former President Trump and his company.

McConney is one of several witnesses who have testified in front of the grand jury, according to ABC News. His testimony — the first from an employee of the company — indicates that prosecutors have conducted a deep probe into the Trump Organization’s finances.

New York state law mandates that witnesses like McConney are granted immunity on the subject of their testimony. He could still be prosecuted for perjury should he lie, however.

tek wrote: ↑Thu Jul 01, 2021 7:00 am
Allen Weisselberg, 73, went through a freight entrance to avoid cameras awaiting his arrival in lower Manhattan Thursday,