Closing arguments slated for Thursday in The Trump Organization’s tax fraud case could clock in at seven hours, or more.
FILE - Trump Organization's former Chief Financial Officer Allen Weisselberg, center, arrives to court on Nov. 15, 2022, in New York. Closing arguments are slated for Thursday, Dec. 1, in Donald Trump's companys criminal tax fraud case. Prosecutors and defense lawyers say those could take seven hours or more.
Trump Organization lawyers argue Weisselberg acted on his own, without Trump or the Trump family’s knowledge. If anything, they said, the company's accountant should've caught any fraud. Trump is not charged. If convicted, his company could be fined more than $1 million.That’s partly because Jeffrey McConney, the Trump Organization comptroller called as the first prosecution witness, tested positive for COVID-19 early on, halting the trial for eight days.
In three days of testimony, Weisselberg detailed how he and the Trump Organization both benefited from his scheme to avoid taxes on his company-paid perks — the crux of a prosecution that seeks to hold the company accountable for the sins of one of its most trusted figures. Weisselberg said the company paid executives as independent contractors by drawing bonus payments from subsidiary entities such as Mar-a-Lago and the company he used to produce “The Apprentice” TV show. That allowed the company to avoid payroll taxes and the subsidiaries to deduct the bonuses as expenses.
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