So excited!!
New York (Manhattan D.A.) v. Trump Organization - criminal case
New York (Manhattan D.A.) v. Trump Organization - criminal case
Thanks for that comment, I hadn't had a chance to listen yet. Just surprised they covered it at all.humblescribe wrote: ↑Tue Dec 06, 2022 5:20 pmUm, no, Faux News.
The organizations were not convicted on real estate valuation issues. They were convicted on payroll tax issues and concealing compensation from the taxing authorities.
Geez, do a little research--just five minutes--before you publish and announce your bullshit.
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New York (Manhattan D.A.) v. Trump Organization - criminal case
First off, I wonder if the State of New York will refer this matter to the IRS for collection of payroll and income taxes that escaped assessment.
Second, and I cannot stress this enough, probably every scrupulous tax preparer out there who has many businesses that he/she is responsible for makes a good-faith effort to report income. Many owners of smallish businesses will claim 100% of the company car as a business expense even though he commutes to work in the car and does not keep accurate and contemporaneous business records. (Commuting is not a business expense.) Meals and entertainment are also areas that lend themselves for manipulation.
We ought to spend a little extra time in pouring over the general ledger in accounts that can be subject to personal abuse. Many times in the past I have insisted on reporting the personal usage of the company car or other items on the owner's tax return as other income. I generate a formula, and add this amount based upon the per-mile expense that the IRS determines every year. My experience with run-of-the-mill auditors and examiners is that if you make a good-faith effort to report this stuff, they are satisfied. They'll pass on perhaps the extra SS tax as it is too insignificant to crank out all the paperwork for $253 plus penalties and interest.
I am curious as to where Weisselburg buried all those expenses for rent and tuition, among other things. Part of my work is to tie out the W-3 (summary of all the W-2s) to the deduction for salaries and wages and also to payroll tax expense. If he were clever, he would not have booked those expenses to salaries and wages.
Granted, companies the size of Trumps have a lot of big ticket items flowing through their books. Moreover, with dozens and dozens of smaller entities scattered about, he could have carved up a $70,000 tuition payment into ten $7,000 checks paid from sundry golf courses and other businesses. I doubt that anyone would find those.
But knowing what I know about the general larceny of tfg, I would probably have selected at random two or three entities each year and scoured those books to see if there were any irregularities.
Second, and I cannot stress this enough, probably every scrupulous tax preparer out there who has many businesses that he/she is responsible for makes a good-faith effort to report income. Many owners of smallish businesses will claim 100% of the company car as a business expense even though he commutes to work in the car and does not keep accurate and contemporaneous business records. (Commuting is not a business expense.) Meals and entertainment are also areas that lend themselves for manipulation.
We ought to spend a little extra time in pouring over the general ledger in accounts that can be subject to personal abuse. Many times in the past I have insisted on reporting the personal usage of the company car or other items on the owner's tax return as other income. I generate a formula, and add this amount based upon the per-mile expense that the IRS determines every year. My experience with run-of-the-mill auditors and examiners is that if you make a good-faith effort to report this stuff, they are satisfied. They'll pass on perhaps the extra SS tax as it is too insignificant to crank out all the paperwork for $253 plus penalties and interest.
I am curious as to where Weisselburg buried all those expenses for rent and tuition, among other things. Part of my work is to tie out the W-3 (summary of all the W-2s) to the deduction for salaries and wages and also to payroll tax expense. If he were clever, he would not have booked those expenses to salaries and wages.
Granted, companies the size of Trumps have a lot of big ticket items flowing through their books. Moreover, with dozens and dozens of smaller entities scattered about, he could have carved up a $70,000 tuition payment into ten $7,000 checks paid from sundry golf courses and other businesses. I doubt that anyone would find those.
But knowing what I know about the general larceny of tfg, I would probably have selected at random two or three entities each year and scoured those books to see if there were any irregularities.
"Some cause happiness wherever they go; others whenever they go." O. Wilde
New York (Manhattan D.A.) v. Trump Organization - criminal case
I know it's just a small time company I work for, and only do payables when there's no one else around to do payables, but the very first rule ever (learned the hard way), is you don't cut a check for over $600 unless you have a W-9. Period. End of story. Period.
I can't recall if it came out in trial, but did those execs pay for the schools, cars, etc. themselves and submit reimbursement? If so, who cut the check? If I was AP, I wouldn't do it unless the #1 guy said pay the damn thing, I don't care what you say. Or did the AP person cut a check directly to the school, rental car company, etc. they should have waved a reg flag and said I can't cut a check unless I have a W-9. Unless, again, the #1 guy said I don't care what you say, pay the damn bill.
Just my $.02.
I can't recall if it came out in trial, but did those execs pay for the schools, cars, etc. themselves and submit reimbursement? If so, who cut the check? If I was AP, I wouldn't do it unless the #1 guy said pay the damn thing, I don't care what you say. Or did the AP person cut a check directly to the school, rental car company, etc. they should have waved a reg flag and said I can't cut a check unless I have a W-9. Unless, again, the #1 guy said I don't care what you say, pay the damn bill.
Just my $.02.
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New York (Manhattan D.A.) v. Trump Organization - criminal case
castigat ridendo mores.
VELOCIUS QUAM ASPARAGI COQUANTUR
VELOCIUS QUAM ASPARAGI COQUANTUR
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Headline for this story from Breitbart -
Trump Organization Convicted of Tax Fraud; Hunter Biden Still Walks Free
(Link only, I'm not going to quote them.)
Trump Organization Convicted of Tax Fraud; Hunter Biden Still Walks Free
(Link only, I'm not going to quote them.)
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Dang - I didn't know that Hunter Biden had a hidden real estate business! He must have been clever, nothing of it was mentioned on his laptop from hell
New York (Manhattan D.A.) v. Trump Organization - criminal case
Obviously Hunter made Trump commit tax fraud with his penis.
Philly Boondoggle
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New York (Manhattan D.A.) v. Trump Organization - criminal case
"his" is ambiguous … and I don't understand the trick, whoever performed it!
Does it involve Stormy Daniels?
Does it involve Stormy Daniels?
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Delighted about the verdict.
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Analysis
Tax fraud verdict again exposes illusion of Trump the master businessman
The former president can add tax fraud to his accomplishments after his company was convicted of a 15-year criminal scheme
David Smith in Washington
Tue 6 Dec 2022 22.48 GMT
When sorrows come, Shakespeare observed, they come not single spies, but in battalions. The same goes for former US president Donald Trump’s legal troubles.
The latest trouble for Trump strikes at the heart of his identity as a wealthy businessman who wrote the bestselling book The Art of the Deal. On Tuesday his company was convicted of a 15-year criminal scheme to defraud tax authorities.
“Add tax fraud to the long list of Trump’s accomplishments,” tweeted Adam Schiff, chairman of the House of Representatives’ intelligence committee.
https://www.theguardian.com/us-news/202 ... t-analysis
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Will the underbussing of Allen W include actually firing him? Because it's a Catch-22, right? If they fire him, there's a lot more tea he can spill, but if they don't, there's a limit to how much they can bad-mouth him before someone says "Yanno, if he was that bad, why ain't you fired him?"
But the sunshine aye shall light the sky,
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Oh, see, I thought the organ in question was actually the one buying the real estate.
But the sunshine aye shall light the sky,
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Uh, Ben, I believe the anus is not an organ itself, but a part of the digestive system. But you were referring to an organ on the anterior side. My mistake!
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New York (Manhattan D.A.) v. Trump Organization - criminal case
(original Insider)How Trump Org's tax fraud conviction could bar Trump from federal contracts, even for Secret Service
Laura Italiano,Dave Levinthal
Tue, December 6, 2022 at 10:39 PM
Donald Trump's real-estate and golf-resort empire was found guilty on Tuesday for tax crimes committed by the company's two top financial executives, a verdict that followed a six-week trial in state court in Manhattan.
- The Trump Organization was found criminally liable of tax fraud on Tuesday after a six-week trial.
The conviction could ban Trump from doing business with the federal government.
A ban could end his 'exorbitant' billing of Secret Service agents who protect him at his resorts.
The Trump Organization now faces up to $1.6 million in penalities when it's sentenced on January 13. But there's another threatened cost, and it's something government spending watchdogs have been urging for years.
The conviction could prompt the government to bar the Trump Organization from doing business as a federal contractor, including cutting off the spigot of Trump's lucrative — and critics say exorbitant — billing of Secret Service agents who stay at his properties while protecting the former president and his family.
Trump is hardly the ideal government contractor as it is, watchdogs say, after his many brushes with fraud allegations and given federal regulations requiring "an impeccable standard of conduct."
https://www.yahoo.com/news/conviction-t ... 03068.html
New York (Manhattan D.A.) v. Trump Organization - criminal case
Spinning up another false narrative, no surprise here.
THIS case was not at all about Weisselberg's tax returns - they were just evidence. Weisselberg's woes are a separate case.
But the rubes are easily confused.
Here's hoping the IRS comes after trump org for all the underpayments, with interest and penalties.
THIS case was not at all about Weisselberg's tax returns - they were just evidence. Weisselberg's woes are a separate case.
But the rubes are easily confused.
Here's hoping the IRS comes after trump org for all the underpayments, with interest and penalties.
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New York (Manhattan D.A.) v. Trump Organization - criminal case
He didn't sign those checks!!!!! Somebody forged them, or used a signature stamp!!!!!!
"Mickey Mouse and I grew up together." - Ruthie Tompson, Disney animation checker and scene planner and one of the first women to become a member of the International Photographers Union in 1952.
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Doesn't he realize (or care) that saying that he had nothing to do with it is an admission that this business wizard was so easily fooled, that Weisselberg (and probably others) were able to, essentially, take over his company without his knowing it and run it for their own benefit rather than his?Tiredretiredlawyer wrote: ↑Wed Dec 07, 2022 11:03 am He didn't sign those checks!!!!! Somebody forged them, or used a signature stamp!!!!!!
Wouldn't a business genius like him be able to spot fraud going on under his nose?
If this was true, wouldn't TFG have an actionable case against Weisselberg to recover at least some of what this is going to cost the Trump Org. (which is, of course, simply Donald Trump, himself). Even if the checks for the fines that the organization will have to pay are not written on an account owned by TFG personally, it is still money that won't find its way into his pockets.
So, why hasn't he sued Weisselberg? Is he afraid that W hasn't told the FBI everything he knows?
New York (Manhattan D.A.) v. Trump Organization - criminal case
Short answer(s): No.
"Choose your leaders with wisdom and forethought. To be led by a coward is to be controlled by all that the coward fears… To be led by a liar is to ask to be told lies." -Octavia E. Butler
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New York (Manhattan D.A.) v. Trump Organization - criminal case
The penalties to the Trump Organization are relatively minor. One article I read said that the maximum fine is a total of around $1.6M.
Trump's lawyers are appealing, of course, which is their right. One argument they are expected to make is that Weisselberg orchestrated the scheme with no intent to benefit the corporation, just himself and a few cronies.
If the case were to be reversed on appeal, can the IRS and the NY state taxing authorities still use the case as evidence to go after the Trump Organization for the taxes that were not paid on those lavish untaxed fringe benefits? Between this case and the criminal case that Weisselberg plead guilty to, doesn't this pretty unequivocally show that taxable income was significantly underreported?
Trump's lawyers are appealing, of course, which is their right. One argument they are expected to make is that Weisselberg orchestrated the scheme with no intent to benefit the corporation, just himself and a few cronies.
If the case were to be reversed on appeal, can the IRS and the NY state taxing authorities still use the case as evidence to go after the Trump Organization for the taxes that were not paid on those lavish untaxed fringe benefits? Between this case and the criminal case that Weisselberg plead guilty to, doesn't this pretty unequivocally show that taxable income was significantly underreported?
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New York (Manhattan D.A.) v. Trump Organization - criminal case
Since this was a criminal case, is there any kind of non-monetary punishment for the company? I have a vague memory of reading something about losing business licensing.
“What is better ? to be born good or to overcome your evil nature through great effort ?”
~Paarthurnax
~Paarthurnax
New York (Manhattan D.A.) v. Trump Organization - criminal case
That’s the argument they made at trial, but it won’t fly on appeal. When challenging the sufficiency of the evidence, the only way they can win on appeal is if no reasonable jury could have found the appellant guilty. That’s unlikely, based on what has been reported.
"Hey! We left this England place because it was bogus, and if we don't get some cool rules ourselves, pronto, we'll just be bogus too!" -- Thomas Jefferson