This was a 15-year-long tax fraud scheme. Contrary to a statement from the former CEO, this was not a standard tax plan. — Carey Dunne, a top deputy for District Attorney Cyrus Vance Jr.
This was a 15-year-long tax fraud scheme. Contrary to a statement from the former CEO, this was not a standard tax plan. — Carey Dunne, a top deputy for District Attorney Cyrus Vance Jr.
Manhattan prosecutors charge Trump Org. and CFO Allen Weisselberg with 15 felony counts including scheme to defraud and grand larceny
  • Manhattan prosecutors criminally charged the Trump Org. and CFO Allen Weisselberg.
  • The indictment revealed that the company and Weisselberg were charged with a scheme to defraud in the first degree.
  • Weisselberg and the Trump Org. pleaded not guilty.
A highly anticipated criminal indictment against the Trump Organization and its longtime chief financial officer, Allen Weisselberg, charged them with a scheme to defraud in the first degree and grand larceny in the second degree.

Prosecutors said the scheme was carried out as part of a "sweeping and audacious payment scheme" and that Weisselberg personally did not pay taxes on $1.7 million of his income.

Weisselberg and the Trump Organization pleaded not guilty to the charges against them.

They're the first charges to come out of a three-year investigation into whether former President Donald Trump's sprawling real-estate company broke state laws and engaged in financial fraud.

In court Thursday afternoon, Carey Dunne, a top deputy for District Attorney Cyrus Vance Jr., blasted former President Donald Trump for downplaying the charges.

"This was a 15-year-long tax fraud scheme," he said. "Contrary to a statement from the former CEO, this was not a standard tax plan."

Trump himself was not charged in the indictments, though the investigation is ongoing. Prosecutors have empaneled a special grand jury that is expected to meet through November and weigh which charges to bring.
Read the full article: https://www.businessinsider.com/trump-organization-allen-weisselberg-read-indictment-manhattan-da-2021-6