Tag Archives: Trump Organization

Former Trump Org CFO Gets Five Months For Perjury

CNN reports: Former Trump Organization CFO Allen Weisselberg admitted on Monday to testifying falsely to the New York attorney general about his knowledge of the size of Donald Trump’s apartment triplex and how the value of that apartment was inflated on Trump’s financial statements for years based on the incorrect square footage. Weisselberg was charged with five counts of perjury, …

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Ex-Trump Org CFO To Plead Guilty To Perjury Today

ABC News reports: Allen Weisselberg, the ex-chief financial officer of former President Donald Trump’s family real estate company, will plead guilty Monday to perjury charges that resulted from his testimony during Trump’s civil fraud trial, sources familiar with the matter told ABC News. This will be Weisselberg’s second criminal conviction after he pleaded guilty in 2022 to evading taxes on …

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Trump Faces Ticking Clock On Massive Civil Judgments

The Washington Post reports: Trump now owes New York at least $454 million — the $355 million penalty plus interest, which is now accruing at a rate of $114,000 per day. Separately, he faces an $83.3 million judgment in a federal defamation case brought by the writer E. Jean Carroll. Most of Trump’s wealth is tied up in real estate, …

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Trump Loses Attempt To Delay Paying Massive Fine

ABC News reports: The judge in former President Donald Trump’s civil fraud case has rejected a request from the defense to delay the enforcement of the penalties in the case. The defendants had asked Judge Arthur Engoron to delay the enforcement of the penalties by 30 days to allow for an “orderly post-judgment process.” “You have failed to explain, much …

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Trump Lawyer Rages: “This Is A Manifest Injustice”

“This verdict is a manifest injustice – plain and simple. It is the culmination of a multi-year, politically fuelled witch hunt that was designed to ‘take down Donald Trump,’ before Letitia James ever stepped foot into the Attorney General’s office. Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution …

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BREAKING: Trump Ordered To Pay $364M In Fraud Case

The New York Times reports: New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of more than $350 million that could wipe out his entire stockpile of cash. The decision by Justice Arthur …

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Trump’s Civil Fraud Case Just Got A Lot Worse

The Daily Beast reports: In an email to the AG and Trump defense team on Monday, Justice Arthur F. Engoron asked for both sides to respond to the news that former Trump Organization chief financial officer Allen Weisselberg is secretly negotiating a guilty plea with another law enforcement agency: the Manhattan District Attorney. “As the presiding magistrate, the trier of …

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Former Trump Org CFO To Plead Guilty To Perjury

The New York Times reports: Allen H. Weisselberg, a longtime lieutenant to Donald J. Trump, is negotiating a deal with Manhattan prosecutors that would require him to plead guilty to perjury, people with knowledge of the matter said. As part of the potential agreement with the Manhattan district attorney’s office, Mr. Weisselberg would have to admit that he lied on …

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Trump Fraud Verdict Now Due “Early To Mid-February”

CNBC reports: A verdict in the New York civil business fraud trial of former President Donald Trump — which had been anticipated Wednesday — is now expected to arrive in early to mid-February, a court spokesman said. That new timeline for the written decision by Judge Arthur Engoron is still a “rough estimate” and “subject to modifications,” said Alfred Baker, …

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Ruling In Trump Org Fraud Case Could Come Soon

UPI reports: New York state Judge Arthur Engoron is poised to possibly rule as soon as Wednesday on how much Trump and co-defendants have to pay in a civil fraud case and if the former president can continue doing business in New York. Engoron previously had announced that he wants to rule by Wednesday on as much as $370 million …

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Bloomberg: Verdicts Could Wipe Out Trump’s Cash

Bloomberg News reports: Donald Trump is facing a pair of major legal verdicts in New York that risk wiping out most — if not all — of the cash the billionaire says he has on hand, a potential blow to the presidential candidate whose persona is tied up with financial success and wealth. Trump on Friday was ordered by a …

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Raskin Demands Trump Org Docs On Foreign Payments

The Hill reports: The top Democrat on the House Oversight and Accountability Committee is asking the Trump Organization to turn over the entirety of its business records, arguing it’s the only way the panel can understand the full extent to which former President Trump profited from foreign governments while in office. The letter from Rep. Jamie Raskin (D-Md.) follows a …

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Trump’s Name Stripped From Bronx Golf Course

The New York Daily News reports: The only Trump-branded business in the Bronx is officially no more. Casino and entertainment company Bally’s on Thursday formally stripped former President Donald Trump’s name from the Bronx golf course it bought from his namesake family business last year. The 18-hole course in Ferry Point Park, which has been called Trump Links since the …

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TODAY: Closing Arguments In Trump’s NY Fraud Trial

ABC News reports: After hearing 11 weeks of testimony, a judge on Thursday will hear closing arguments in a court case that could dismantle former President Donald Trump’s New York-based business empire. The final decision in Trump’s civil fraud trial — which Judge Arthur Engoron is expected to issue later this month — could not only cost Trump hundreds of …

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New York AG Now Seeks $370 Million From Trump

The New York Times reports: The New York attorney general on Friday asked that the judge who had overseen the civil fraud trial of Donald J. Trump to penalize the former president about $370 million, saying the trial had demonstrated that he had gained that amount through unlawful conduct. The sum was well over the $250 million that the attorney …

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China Paid Trump $5.5 Million While He Was In Office

Yahoo News reports: Donald Trump’s businesses received nearly $8 million in payments from foreign governments while Trump was president, according to new research by Democrats on Capitol Hill. Unlike Republicans in their effort to pin corruption on President Joe Biden, Democrats on the House Oversight Committee have receipts — more than 400 pages of them — showing payments to Trump’s …

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NY Post: Trump Org Faces Potential Ruin This Month

The New York Post reports: The former president is facing $250 million in penalties and a ban on doing business in New York when the judge overseeing his civil fraud trial delivers a verdict in the case later in January. The Manhattan Supreme Court trial — which has been on hiatus since Dec. 13 — is set to resume with …

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Trump’s NY Fraud Trial Adjourns Until Penalties Hearing

The Messenger reports: Donald Trump’s civil fraud trial in New York drew to a close on Wednesday in the same manner that it began some 11 weeks earlier — with contentious recriminations about proceedings that could put the former president out of business in the Empire State. Court will now stand in recess for nearly a month, until a hearing …

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Trump Used Donor Funds To Pay Fraud Trial Witness

NBC News reports: An expert witness in the $250 million civil fraud trial against Donald Trump said in court Friday that the former president’s political action committee has paid for a portion of his fees to testify on behalf of the defense. Eli Bartov, an accounting professor at New York University, said that his $900,000 in compensation was split between …

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Report: Trump Org Moved $40M Without Telling Court

The Daily Beast reports: A court-ordered financial auditor has caught Donald Trump quietly moving $40 million from the Trump Organization into a personal bank account—seemingly so the former president could pay his whopping $29 million tax bill. Trump isn’t supposed to be moving any money around without alerting Barbara S. Jones, a former federal judge in New York tasked with …

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