Trump Organization convicted of tax fraud in New York

Donald Trump departs Trump Tower two days after FBI agents raided his Mar-a-Lago Palm Beach home, in New York City, New york, US, August 10, 2022. (REUTERS)
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Updated 07 December 2022
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Trump Organization convicted of tax fraud in New York

  • Trump and his three eldest children face a trial late next year in a civil lawsuit by New York’s attorney general that accuses them of misstating the value of properties to enrich themselves

NEW YORK: Donald Trump’s family business was found guilty of tax fraud by a New York jury Tuesday, dealing a blow to the ex-president as he eyes the White House again.
The Trump Organization and separate entity the Trump Payroll Corp. were found guilty on all counts, marking the first time the companies had ever been convicted of crimes.
“This was a case about greed and cheating,” said Manhattan District Attorney Alvin Bragg, who prosecuted the case.
Trump himself was not charged but the fact the sprawling real-estate, hotel and golf business that bears his name is now a convicted felon is likely to inflict damage to his reputation as he seeks the Republican nomination for the presidency in 2024.
The two entities were convicted of running a 13-year-scheme to defraud and evade taxes by falsifying business records. In all, they were found guilty on 17 counts.
Jurors agreed with prosecutors that the Trump Organization — currently run by Trump’s two adult sons, Donald Jr and Eric Trump — hid compensation it paid to top executives between 2005 and 2021.
Longtime CFO Allen Weisselberg, had already pleaded guilty to 15 counts of tax fraud, and testified against his former company as part of a plea bargain. He did not implicate Trump during the trial.
A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife and private school tuition for his grandchildren.
According to his plea deal, Weisselberg agreed to pay nearly $2 million in fines and penalties and complete a five-month prison sentence in exchange for testimony during the trial, which started in October.
Trump, posting on his social media platform, said the Trump Organization bore no responsibility for “Weisselberg committing tax fraud on his personal tax returns.”
Under the headline “Manhattan Witch Hunt!” Trump said no benefit accrued to the company from Weisselberg’s actions, and that neither he nor any employees were “allowed to legally view” the CFO’s returns.
Trump said he was “disappointed with the verdict” and will appeal.

Trump’s company faces a fine of around $1.5 million, a paltry sum to the billionaire real estate developer.
It’s symbolic though as he battles a host of legal and congressional probes that will likely complicate his run for a second presidential term, announced in Florida last month.
Trump and his three eldest children face a trial late next year in a civil lawsuit by New York’s attorney general that accuses them of misstating the value of properties to enrich themselves.
Prosecutor Letitia James has requested that Trump pay at least $250 million in penalties — a sum she says he made from the fraud — and that his family be banned from running businesses in the state.
James, a Democrat, hailed Tuesday’s verdict.
“We can have no tolerance for individuals or organizations that violate our laws to line their pockets,” she said.
Trump has been ordered to testify in April 2023 as part of a defamation lawsuit brought by a woman who says he raped her in the 1990s.
He is also facing legal scrutiny for his efforts to overturn the results of the November 2020 election and over the January 6, 2021 attack on the US Capitol by his supporters.
 

 


Agonizing wait as Switzerland works to identify New Year’s fire victims

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Agonizing wait as Switzerland works to identify New Year’s fire victims

  • Authorities begin moving bodies from burned-out bar in luxury ski resor Crans-Montana
  • At least 40 people were killed in one of Switzerland's worst tragedies
CRANS-MONTANA, Switzerland: Families endured an agonizing wait for news of their loved ones Friday as Swiss investigators rushed to identify victims of a ski resort fire at a New Year’s celebration that killed at least 40 people.
Authorities began moving bodies from the burned-out bar in the luxury ski resort town Crans-Montana late Friday morning, with the first silver-colored hearse rolling into the funeral center in nearby Sion shortly after 11:00 am (1000 GMT), AFP journalists saw.
Around 115 people were also injured in the fire, many of them critical condition.
As the scope of the tragedy — one of Switzerland’s worst — began to sink in, Crans-Montana appeared enveloped in a stunned silence.
“The atmosphere is heavy,” Dejan Bajic, a 56-year-old tourist from Geneva who has been coming to the resort since 1974, told AFP.
“It’s like a small village; everyone knows someone who knows someone who’s been affected,” he said.
It is not yet clear what set off the blaze at Le Constellation, a bar popular with young tourists, at around 1:30 am (0030 GMT) Thursday.
Bystanders described scenes of panic and chaos as people tried to break the windows to escape and others, covered in burns, poured into the street.

‘Screaming in pain’

Edmond Cocquyt, a Belgian tourist, told AFP he had seen “bodies lying here, ... covered with a white sheet,” and “young people, totally burned, who were still alive... Screaming in pain.”
The exact death toll was still being established.
And it could rise, with canton president Mathias Reynard telling the regional newspaper Wallizer Bote that at least 80 of the 115 injured were in critical condition.
Swiss authorities warned it could take days to identify everyone who perished, an agonizing wait for family and friends.
Condolences poured in from around the world, including from Pope Leo XIV, who offered “compassion and solidarity” to victims’ families.
Online, desperate appeals abound to find the missing.
“We’ve tried to reach our friends. We took loads of photos and posted them on Instagram, Facebook, all possible social networks to try to find them,” said Eleonore, 17. “But there’s nothing. No response.”

‘The apocalypse’

The exact number of people who were at the bar when it went up in flames remains unclear.
Le Constellation had a capacity of 300 people, plus another 40 people on its terrace, according to the Crans-Montana website.
Swiss President Guy Parmelin, who took office on Thursday, called the fire “a calamity of unprecedented, terrifying proportions” and announced that flags would be flown at half-mast for five days.
“We thought it was just a small fire — but when we got there, it was war,” Mathys, from the neighboring village of Chermignon-d’en-Bas, told AFP. “That’s the only word I can use to describe it: the apocalypse.”
Authorities have declined to speculate on what caused the tragedy, saying only that it was not an attack.
Several witness accounts, broadcast by various media, pointed to sparklers mounted on champagne bottles and held aloft by restaurant staff as part of a regular “show” for patrons.

‘Dramatic’

Pictures and videos shared on social media also showed sparklers on champagne bottles held into the air, as an orange glow began spreading across the ceiling.
One video showed the flames advancing quickly as revellers initially continued to dance.
One young man playfully attempted to extinguish the flames with a large white cloth, but the scene became panic-stricken as people scrambled and screamed in the dark against a backdrop of smoke and flames.
The canton’s chief prosecutor, Beatrice Pilloud, said investigators would examine whether the bar met safety standards.
Red and white caution tape, flowers and candles adorned the street outside, while police shielded the site with white screens.
Italian Foreign Minister Antonio Tajani, who said 13 Italians had been injured in the fire, and six remained missing, was among those to lay flowers at the site.
The French foreign ministry said nine French citizens figured among the injured, and eight others remained unaccounted for.
After emergency units at local hospitals filled, many of the injured were transported across Switzerland and beyond.
Patients are being treated in Italy, France and Germany, and Polish Prime Minister Donald Tusk said his country was ready to provide “specialized medical care to 14 injured.”
Multiple sources told AFP the bar owners were French nationals: a couple originally from Corsica who, according to a relative, are safe, but have been unreachable since the tragedy.