PanamaTimes

Tuesday, Feb 27, 2024

Loyal ex-CFO Allen Weisselberg is done testifying at Trump Org tax-fraud trial that Trump calls 'VERY UNFAIR!'

Loyal ex-CFO Allen Weisselberg is done testifying at Trump Org tax-fraud trial that Trump calls 'VERY UNFAIR!'

Trump "truthed" Friday that the prosecution case in the Trump Org tax-fraud trial "has fallen apart." Actually, the DA had perhaps its best day yet.
Donald Trump is keeping a close, if cockeyed, watch on his company's Manhattan tax-fraud trial, where his ex-CFO — the one he's still paying $1.4 million a year — finished testifying for the prosecution on Friday.

"VERY UNFAIR!" Trump called the case, in which prosecutors hope to hold the Trump Organization, through its corporate and payroll subsidiaries, liable for its executives' longstanding practice of dodging hundreds of thousands of dollars a year in income taxes.

"The D.A. case against two small Trump entities has fallen apart," Trump posted on Truth Social, as Allen Weisselberg, his finance chief since the 1980s, wrapped up a three-day stint on the witness stand.

But prosecutors arguably had their best day yet Friday.

To win, prosecutors need to first show jurors that Weisselberg and a handful of other second-tier executives systematically cheated on their income taxes. It's easy work given Weisselberg's and a second executive's repeated admissions of guilt throughout the month-long trial.

But for the Trump Organization to be criminally liable in that scheme, prosecutors need to prove that Weisselberg and the others intended to help not just themselves, but the company.

The bespectacled, gravelly-voiced finance chief has been dragged to the witness stand as a prosecution witness, and testified under a low-jail plea deal that could be revoked if he fails to testify truthfully against the Trump Organization.

Still, his loyalties clearly remain with the same Trump Organization that is paying him.

He never said the magic words the prosecutors most wanted to hear — that as he was helping himself to tax-free benefits like company cars and tuition checks for his grandkids, he also intended to benfit the Trump Organization.

But he came close to saying those magic words Friday.

"It was a benefit to the Trump Corporation to not pay Medicare taxes?" on salary that wasn't declared as salary, Susan Hoffinger, one of the two lead prosecutors, asked Weisselberg.

"Correct," he admitted.

Later on Friday morning, Hoffinger confronted Weisselberg on something he had said during cross-examination.

"You conducted this scheme solely for your own benefit?" she asked.

"It was some benefit to the company," Weisselberg admitted, though he added, "but it was primarily through my greed."

Defense lawyer Susan Necheles tried to do some damage control.

"You understand it's important to the prosecutor for you to say that there was a benefit?" she asked Weisselberg.

"I don't know what's important to the prosecutor," Weisselberg answered.

Necheles, apparently alarmed by how close Weisselberg was getting to helping the prosecution, went on the attack.

"Aren't you desperately trying to help the prosecutors," to avoid a possible revocation of his plea deal and the risk of up to 15 years in prison, she asked.

The question was objected to by the prosecution, and the judge sustained the objection.

"I think we considered it," Weisselberg ultimately answered, referring to himself and company controller, Jeffrey McConney, "that there would be some small benefit to the company."

Testimony in the prosecution's direct case resumes Monday and is expected to conclude by the end of November.
Newsletter

Related Articles

PanamaTimes
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×