CastletonSnob Posted December 6, 2022 Share Posted December 6, 2022 Jury finds Trump Organization guilty of tax fraud on all counts - ABC News ABCNEWS.GO.COM A Manhattan jury has found former President Trump's namesake real estate company guilty of criminal tax fraud, three weeks after Trump announced a third presidential run. It's been a REALLY bad year for Trump. 2 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted December 6, 2022 Share Posted December 6, 2022 Trump Organization companies found guilty on all charges in tax fraud trial in New York WWW.CBSNEWS.COM Two Trump Organization companies faced a total of 17 criminal counts, including conspiracy and tax fraud. Quote The two Trump Organization companies, called the Trump Corporation and Trump Payroll Corporation, were indicted in July 2021, along with the company's longtime chief financial officer, Allen Weisselberg, and accused of using a variety of methods to reduce payroll liability from executive salaries through untaxed bonuses and luxury perks worth millions. Weisselberg pleaded guilty in August and agreed to testify against the company as part of a deal with prosecutors. He is expected to face a five-month jail sentence. Former president Donald Trump was not charged in the case, but Manhattan District Attorney Alvin Bragg has said Trump remains under investigation. The office's probe began in 2018 under Bragg's predecessor, Cyrus Vance Jr. The investigation initially targeted hush-money payments made by former Trump lawyer and fixer Michael Cohen during the 2016 presidential campaign to adult film star Stormy Daniels, but later widened to include the corporate tax fraud charges. Quote Defense attorneys said Trump was unaware of the schemes playing out beneath him, while prosecutors said he signed off on them. The Trump Organization faces up to $1.6 million in fines if convicted in the case. New York Attorney General Letitia James has indicated the jury's findings could have bearing on a civil case being pursued by her office. Her office conducted a parallel civil investigation and assigned two prosecutors to work on the Manhattan District Attorney's probe. While the criminal case is tightly focused on executive compensation, the civil case — filed in September — accuses the company, Trump and three of his children of a widespread, yearslong effort to commit fraud and manipulate property valuations. 1 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted December 6, 2022 Share Posted December 6, 2022 @SaysWho?this thread beat you by two minutes so I merged yours into here Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted December 6, 2022 Share Posted December 6, 2022 Just now, GeneticBlueprint said: @SaysWho?this thread beat you by two minutes so I merged yours into here I dun goofed by putting quotes in it. Slowed down EVERYTHING Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted December 6, 2022 Share Posted December 6, 2022 3 minutes ago, SaysWho? said: I dun goofed by putting quotes in it. Slowed down EVERYTHING You actually raise a valid point. In the future when two threads are posted at almost the same time I’m going to merge into the higher effort one. Haha 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted December 6, 2022 Share Posted December 6, 2022 11 minutes ago, SaysWho? said: The Trump Organization faces up to $1.6 million in fines if convicted in the case. GOTTEM 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 6, 2022 Share Posted December 6, 2022 Wake me up when Donald is in cuffs 1 Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted December 6, 2022 Share Posted December 6, 2022 16 minutes ago, SaysWho? said: The Trump Organization faces up to $1.6 million in fines if convicted in the case. Oh wow it's fucking nothing 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 6, 2022 Share Posted December 6, 2022 1 minute ago, marioandsonic said: Oh wow it's fucking nothing Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted December 6, 2022 Share Posted December 6, 2022 When punishment for crimes is a fine, you're just making it illegal for people who can't afford it. For everyone else, it's the cost of doing business. If a billionaire parks in a handicap spot every day and all he ever gets is a $100 ticket, that means nothing to them, they're just going to keep doing it. To them, it's like upgrading to first class. 2 3 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted December 6, 2022 Share Posted December 6, 2022 47 minutes ago, Uaarkson said: Wake me up when Donald is dead Me too 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 6, 2022 Share Posted December 6, 2022 I mean, I’m still one of those people holding out hopes for him dying in jail! Not prison, JAIL Quote Link to comment Share on other sites More sharing options...
Nokra Posted December 6, 2022 Share Posted December 6, 2022 Agreed re: a fine being not enough; I'd totally be fine with throwing some scum in jail. I don't think I'm just being naive, but I also think it's probably an overly-cynical mistake to call this "nothing". It's a painfully slow process, but he's not invincible; he keeps losing. Every bit helps. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 6, 2022 Share Posted December 6, 2022 32 minutes ago, Fizzzzle said: When punishment for crimes is a fine, you're just making it illegal for people who can't afford it. For everyone else, it's the cost of doing business. If a billionaire parks in a handicap spot every day and all he ever gets is a $100 ticket, that means nothing to them, they're just going to keep doing it. To them, it's like upgrading to first class. This is why I said fighting unions is generally a good business decision. Depressing labor costs in perpetuity is generally more profitable even when accounting for fines and legal expenses. There are many white collar crimes for which the penalty is completely worth the financial upside. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted December 6, 2022 Share Posted December 6, 2022 1 minute ago, sblfilms said: There are many white collar crimes for which the penalty is completely worth the financial upside. Which ones are your favorite? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 6, 2022 Share Posted December 6, 2022 There is a greater relevance to this verdict beyond the paltry monetary penalty. Per Renato Mariotti, a former federal prosecutor: Quote This is a significant verdict—the Trump Organization is found guilty of serious felony fraud charges. This will give even more leverage to New York Attorney General Tish James in her civil suit, which seeks extraordinary remedies that would cripple the company. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 6, 2022 Share Posted December 6, 2022 29 minutes ago, Uaarkson said: Which ones are your favorite? I've always been quite fond of extortion myself, closely followed by embezzlement. Racketeering is definitely up there for me as well! Quote Link to comment Share on other sites More sharing options...
MarSolo Posted December 7, 2022 Share Posted December 7, 2022 I like insurance fraud, mostly because I’d be good at it. It’s so easy to doctor insurance documents. I mean, I’d never do it, but you know, I could if I wanted to. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted December 7, 2022 Share Posted December 7, 2022 2 hours ago, Commissar SFLUFAN said: I've always been quite fond of extortion myself, closely followed by embezzlement. Racketeering is definitely up there for me as well! Aren’t you an accountant of some sort? 1 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted December 7, 2022 Share Posted December 7, 2022 3 hours ago, b_m_b_m_b_m said: Aren’t you an accountant of some sort? How else do you think he can afford to give away video games and random $250 drops. Spoiler This is a joke. I'm very appreciative of Wade's generosity. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted December 7, 2022 Share Posted December 7, 2022 I can hardly believe that the maximum potential fine here is so low. I couldn't quickly find any kind of numbers for how much in taxes they dodged, except the DA's press release saying that Weisselberg personally recieved $1.76M in unreported compensation. The DA describes this as a scheme that has been going on for at least 13 years, that multiple executives were part of and that the company itself was found guilty of. Maybe the actual number ended up being pretty low, but it seems like if one guy hid $1.76M, then the total has to be a good deal more than that. I'm also curious if there is a case related to the tax schemes that the Times found Trump was pulling for years. There are so many cases against Trump, it's hard to keep them straight. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted December 7, 2022 Share Posted December 7, 2022 16 hours ago, Keyser_Soze said: How else do you think he can afford to give away video games and random $250 drops. Hide contents This is a joke. I'm very appreciative of Wade's generosity. He can buy elections too. He single handedly helped Warnock win. 3 1 Quote Link to comment Share on other sites More sharing options...
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