Well, well, well.Former Trump Organization chief financial officer Allen Weisselberg testified in court Thursday, describing how Donald Trump and two of his children allegedly participated in a scheme to defraud tax authorities.
CBSNews
Well, Weisselberg still protected Trump as much as he could.Weisselberg said Donald Trump, or at times Eric Trump or Donald Trump Jr., signed checks to pay up to $100,000 for private school tuition for Weisselberg's grandchildren. Weisselberg said he then instructed the company's controller to deduct the $100,000 from his salary, allowing him to report a smaller income. Copies of some of the checks signed by the Trumps have been shown in court.
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He said for himself and several other executives, the salary reductions were then mitigated by hefty bonus checks paid to the executives as if they were independent contractors for Trump Organization entities.
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Weisselberg said the funds delivered as independent contractor payments were used to set up Keogh retirement plans, tax-deferred pension accounts designed for people who are self-employed.
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Two Trump Organization entities and Weisselberg are accused of more than a dozen counts of fraud and tax evasion. Weisselberg entered a guilty plea in August, admitting to charges filed by the Manhattan District Attorney's Office accusing him of receiving more than $1.7 million in untaxed compensation.
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"Donald Trump always wanted to sign the bonus checks" before he became president in 2017, Weisselberg said.
That practice ceased during the next two years after an internal review led to changes at the company, he said.
"We were going through a company-wide cleanup process, making sure that since Mr. Trump was now president, everything was being done properly," Weisselberg said.
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Defense attorneys for the Trump Organization have said the company did nothing wrong, and laid the scheme squarely at Weisselberg's feet, saying he hid the salary reductions and independent contractor payments from the Trumps.
Trump Organization attorney Alan Futerfas asked Weisselberg Thursday, "What human being did you scheme with?"
Weisselberg replied, "Jeff McConney," referring to the company's controller, who previously testified during the trial. McConney was granted immunity in exchange for grand jury testimony in the case, and blamed Weisselberg for the scheme.
It's not clear to me from this article whether Weisselberg is trying to claim Trump didn't know about the arrangements, and just signed checks. If so, I think we can safely assume that's a lie. I won't believe Donald Trump signed any check without knowing who it was going to and why, and neither should you."Did you conspire with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
"Did you scheme with Jeff McConney?" Futerfas asked.
"Yes," Weisselberg replied.
"Did you scheme with any member of the Trump family?" Futerfas asked.
"No," Weisselberg replied.
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Futerfas asked, "Are you embarrassed about what you did?"
Choking up, Weisselberg replied, "More than you can imagine."
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Earlier Thursday, Weisselberg said under questioning by a prosecutor that other executives at the company were active participants in, and beneficiaries of, similar salary and bonus arrangements.
...but hey, do what you want...you will anyway.
UPDATE:
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