The long-awaited proceeding has been filed by the District Attorney’s Office in Manhattan with the first claim that may be related to non-payment of taxes on benefits.
The investigation remains open and future criminal and civil proceedings are possible.
Earlier this week, Trump Organization lawyers met with prosecutors in a final groove effort to prevent potential prosecution resulting from a lengthy investigation into the former president’s company.
Trump Organization lawyer Ron Fishetti told The Associated Press that a meeting was held when the grand jury approached voting for the indictment after more than two years of investigation.
He said the prosecutor said Trump himself would not be prosecuted at this time, but “at least for this week’s schedule,” but added that the investigation was ongoing.
“There are no charges against the former president this week,” Fishetti said Monday. “I can’t say he’s completely out of the forest yet.”
Manhattan District Attorney Cyrus Vance Jr. has been investigating Trump’s business for over two years. In recent months, investigators have focused on the benefits the company has given executives, such as the use of apartments, cars, and school tuition.
Investigators scrutinized Trump’s tax records, subpoenas, and interviews with witnesses, including Trump insiders and company executives.
It is not illegal for a company to provide tuition assistance to its employees, rent a car, or use a company-owned apartment, but such arrangements may be subject to income tax.
Fishetti has political motivation, calling the possibility of prosecution “absolutely ridiculous.” He said it was very rare for prosecutors to seek criminal accusations for unpaid taxes on benefits.
Part of the scrutiny focuses on 73-year-old Weisserberg, and Vance’s research shows that his son uses Trump’s apartment almost or for free, and rents a car for his family. Partly due to questions about paying tuition fees. The school that Weisselberg’s grandson attended.
Weisselberg lawyer Mary Mulligan declined to comment.
In addition to the fringe benefits, prosecutors investigated whether the Trump organization lied about the value of real estate holdings for tax cuts or to obtain bank loans and insurance policies on favorable terms. They also looked at the company’s role in paying hash money to two women who say Trump had a relationship with them, Trump denied.
Copyright © 2021 WABC-TV. all rights reserved.
The Trump Organization expects Manhattan District Attorney Cyrus Vance to sue Thursday
Source link The Trump Organization expects Manhattan District Attorney Cyrus Vance to sue Thursday