Tuesday, January 31, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Tax fraud trial of Trump family business set to begin in New York

AFPbyAFP
October 24, 2022, 10:00 am
in News, World News
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

The family business of former US president Donald Trump is facing potential fines of over $1.5 million if found guilty of fraud and tax evasion during a New York trial set to begin Monday.

Manhattan prosecutors have charged the Trump Organization, currently run by Trump’s two adult sons, Donald Jr and Eric Trump, with hiding compensation it paid to some of its top executives between 2005 and 2021.

One of those executives, longtime CFO Allen Weisselberg, has already pleaded guilty to 15 counts of tax fraud and is expected to testify against his former company as part of a plea bargain.

A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife, and private school tuition for his grandchildren.

According to his plea deal, Weisselberg has agreed to pay nearly $2 million in fines and penalties and complete a five month prison sentence in exchange for testimony during the trial, for which jury selection begins Monday.

ADVERTISEMENT

“This plea agreement directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony in the upcoming trial against the corporation,” Manhattan District Attorney Alvin Bragg said earlier in August.

Weisselberg has so far refused to give testimony directly implicating the former president in the scheme.

Loads of lawsuits

Two subsidiaries of the Trump family’s sprawling real estate, golf, and hospitality business are targeted by the suits.

While Donald Trump is not named in this case, he is facing charges along with three of his eldest children in another civil investigation led by New York’s attorney general, Leticia James.

James, a Democrat, has accused the family of purposefully inflating and deflating the value of their properties to avoid tax liabilities and to get more favorable loan and insurance deals.

Her office is seeking $250 million in fines against the former president, and that his family be barred from conducting business in the state.

The suit also calls for three of Trump’s children—Donald Jr, Eric, and Ivanka—to be barred from purchasing real estate in New York for five years.

The 76-year-old Trump, who has heavily hinted but not yet announced a 2024 White House run, is also facing legal action on several other fronts, which he has decried as “witch hunts.”

He is at the center of a Justice Department investigation into the handling of highly classified documents, which the FBI seized from his Florida home in a raid, as well as multiple state and federal probes into his involvement in the January 6, 2021 attack on the US Capitol.

The congressional committee investigating the Capitol riot has issued a subpoena requiring the former president to submit documents by November 4 and give sworn testimony by mid-November.

Without confirming that Trump had received the subpoena, his lawyer David Warrington has said his team would “review and analyze” the document and “respond as appropriate to this unprecedented action.”

Trump’s compliance would mean testifying under oath and could result in him being charged with perjury were he to lie.

If he refuses to comply, the House of Representatives can hold him in criminal contempt in a vote recommending him for prosecution. 

Tags: Allen WeisselbergDonald Trumptax fraudTrump Organization
ADVERTISEMENT
AFP

AFP

Related Posts

Germany vows millions for Amazon as Scholz meets Lula in Brazil

byAFP
January 31, 2023, 6:30 am
0
8
Germany vows millions for Amazon as Scholz meets Lula in Brazil

Germany on Monday outlined more than $200 million in contributions for environmental projects in Brazil as Chancellor Olaf Scholz visited...

Read more

Biden says ‘no’ to US sending F-16 fighter jets to Ukraine

byAFP
January 31, 2023, 6:00 am
0
8
Biden signs major climate change, health care law

President Joe Biden said Monday he will not be sending F-16 fighter jets to Ukraine to help its war against...

Read more

PBBM rolls out 5-year dev’t plan

byVito Barceloand1 others
January 31, 2023, 1:40 am
0
8
Arcilla, Kinaadman to dispute Brookside Open title

Signs EO for economic recovery to uplift lives of ordinary Pinoys President Ferdinand Marcos Jr. has signed an executive order...

Read more

Mr. Marcos says education system ‘failed’ the children

byVince Lopezand1 others
January 31, 2023, 1:30 am
0
8
Tiamzons killed in boat explosion? Military mum on details of incident

President Ferdinand Marcos Jr. on Monday said the education system has “failed” Filipino children as he vowed to do better...

Read more

WHO declares COVID still global crisis, pandemic at transition point

byAFP
January 31, 2023, 1:20 am
0
8
Can’t afford onions per kilo? DA says buy per piece

Geneva—Three years to the day after the World Health Organization (WHO) sounded the highest level of global alert over COVID-19,...

Read more

Fuel price hikes: Gas up P1.30/l, diesel by P1/l

byAlena Mae S. Floresand1 others
January 31, 2023, 1:10 am
0
8
Senate-Comelec accord

Domestic pump prices went up for the third consecutive week by as much as P1.35 per liter effective 6 a.m....

Read more

Print Edition

View More

Recent Posts

  • Germany vows millions for Amazon as Scholz meets Lula in Brazil
  • Biden says ‘no’ to US sending F-16 fighter jets to Ukraine
  • Sneakers for Makati : AB4.0
  • PBBM rolls out 5-year dev’t plan
  • Mr. Marcos says education system ‘failed’ the children
  • WHO declares COVID still global crisis, pandemic at transition point
  • Fuel price hikes: Gas up P1.30/l, diesel by P1/l
  • Enrile slams ICC, suggests probers’ arrest for interfering

Advertisement

Latest News

WHO declares COVID still global crisis, pandemic at transition point

byAFP
January 31, 2023, 1:20 am
0
8
Can’t afford onions per kilo? DA says buy per piece

Geneva—Three years to the day after the World Health Organization (WHO) sounded the highest level of global alert over COVID-19,...

Read more

Fuel price hikes: Gas up P1.30/l, diesel by P1/l

byAlena Mae S. Floresand1 others
January 31, 2023, 1:10 am
0
8
Senate-Comelec accord

Domestic pump prices went up for the third consecutive week by as much as P1.35 per liter effective 6 a.m....

Read more

Enrile slams ICC, suggests probers’ arrest for interfering

byRey E. Requejoand1 others
January 31, 2023, 1:00 am
0
8
Sen. Imee Marcos commemorates martial law’s 50th year

Presidential Chief Legal Counsel Juan Ponce Enrile on Monday recommended that investigators working for the International Criminal Court (ICC) be...

Read more

Power snaps may hit rural areas

byAlena Mae S. Flores
January 31, 2023, 12:50 am
0
8
Napocor seeks higher charges

State-run National Power Corp. warned on Monday about year-long daily power interruptions affecting 1.3 million households in remote islands and...

Read more

Poll: 49% of Pinoys see life improving

byManila Standard
January 31, 2023, 12:40 am
0
8
VP rolls out ‘Libreng Sakay’ project in 4 key areas

Nearly half of adult Filipinos believe their quality of life will improve in the next 12 months, a recent poll...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App