Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report
2 years, 11 months ago

Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report

Salon  

Allen Weisselberg, former chief financial officer for the Trump Organization, faced difficulty explaining how one of the company's properties had been valued at approximately 435 million — more than double what it had been valued the year before — according to newly released documents. According to Business Insider, there is incriminating documentation that alleges assets throughout former President Donald Trump's financial portfolio of businesses and real estate properties had been mis-valued. Officials believe the increased value appears to center on "assuming the right to build 2,500 luxury homes on the property – despite approval to build fewer than 1,500 holiday apartments and golf villas." The latest development comes months after Weisselberg was charged with multiple offenses in connection with an alleged tax evasion scheme involving the Trump Organization.

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History of this topic

Scottish lawmakers demand Trump to open golf course books after former president was convicted in NY fraud case
6 months, 1 week ago

Scottish lawmakers demand Trump to open golf course books after former president was convicted in NY fraud case

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Presidential hopeful Donald Trump is facing calls for an investigation …

Letitia James appears to eye Trump's Westchester golf club and 212-acre estate as properties she could seize as clock ticks to the deadline for him to pay $454 million
9 months, 2 weeks ago

Letitia James appears to eye Trump's Westchester golf club and 212-acre estate as properties she could seize as clock ticks to the deadline for him to pay $454 million

Daily Mail  

New York AG Letitia James may be gearing up to seize Donald Trump's Westchester golf club and Seven Springs estate as the deadline looms for the ex-president to secure the $454 million bond a judge imposed after his fraud trial. New York Attorney General signals she could be preparing to seize Trump properties in Westchester County including Trump National Golf …

Letitia James takes first step to seize Trump's Seven Springs resort and N.Y. golf course
9 months, 2 weeks ago

Letitia James takes first step to seize Trump's Seven Springs resort and N.Y. golf course

Raw Story  

New York Attorney General Letitia James is already making preparations to seize former President Donald Trump's properties in New York's Westchester County as the Monday deadline for him to post bond in the civil fraud judgment draws near. According to Bloomberg News, "New York state’s $454 million judgment against Donald Trump in a civil fraud lawsuit was formally registered in …

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30
10 months, 3 weeks ago

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30

Daily Mail  

Former President Donald is estimated to be worth more than $2 billion, but paying off a $355 million fine that a New York judge slapped on his business empire could require some painful decisions. Former President Donald Trump faces a potential cash crunch as he faces a $355 million award from a New York judge, following an $83 million damage …

Trump should pay $370m and be barred from New York business, state AG argues
1 year ago

Trump should pay $370m and be barred from New York business, state AG argues

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The judge’s pretrial ruling effectively ordered the dissolution of Mr Trump’s New York-based real …

At Donald Trump's civil trial, scrutiny shifts to son Eric's 'lofty ideas' for valuing a property
1 year, 2 months ago

At Donald Trump's civil trial, scrutiny shifts to son Eric's 'lofty ideas' for valuing a property

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Trump Tower exposed as 'something of a fraud': Forbes
1 year, 10 months ago

Trump Tower exposed as 'something of a fraud': Forbes

Raw Story  

According to a new report from Forbes, New York Attorney General Letitia James' lawsuit against former President Donald Trump has exposed his flagship building, New York City's Trump Tower, as being "something of a fraud." Specifically, Forbes reporter Dan Alexander zeroes in on the fact that Trump Tower plays a central role in James' claims about Trump manipulating the values …

Imprisoned Trump exec Allen Weisselberg could get hit with more charges: report
1 year, 11 months ago

Imprisoned Trump exec Allen Weisselberg could get hit with more charges: report

Raw Story  

Prosecutors in Manhattan are threatening to file new charges against jailed Trump Organization CFO Allen Weisselberg as part of a ploy to get him to hand over even more information, reportedThe New York Times on Thursday. "Mr. Weisselberg, the Trump Organization’s former chief financial officer, is already serving a five-month sentence in the Rikers Island jail complex after pleading guilty …

Trump Organization found guilty of tax fraud after New York trial
2 years, 1 month ago

Trump Organization found guilty of tax fraud after New York trial

ABC  

Donald Trump's real estate company has been convicted of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former US president as he campaigns for office again in 2024. Key points: The Trump Organization faces up to $US1.6 million in fines following the verdict Lawyer Alan Futerfas told reporters the company would …

Trump Organization found guilty in US tax fraud trial
2 years, 1 month ago

Trump Organization found guilty in US tax fraud trial

Al Jazeera  

The Manhattan District Attorney accused the company of former US President Donald Trump of 15-year-long criminal scheme. Donald Trump’s real estate company has been convicted of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former United States president as he campaigns for the office again in 2024. He added that though …

Prosecutor says evidence shows Trump ‘explicitly’ OKd tax fraud
2 years, 1 month ago

Prosecutor says evidence shows Trump ‘explicitly’ OKd tax fraud

LA Times  

Former President Trump announces a third run for the White House on Nov. 15. A prosecutor Thursday said Trump “knew exactly what was going on” with top Trump Organization executives who schemed for years to dodge taxes on company-paid perks. Trump is explicitly sanctioning tax fraud.” Steinglass, speaking on the last day before deliberations at the Trump Organization’s criminal tax …

Trump Org. executive says he helped colleagues dodge taxes
2 years, 1 month ago

Trump Org. executive says he helped colleagues dodge taxes

Associated Press  

NEW YORK — One of Donald Trump’s top moneymen admitted Thursday to breaking the law to help fellow Trump Organization executives avoid taxes on company-paid apartments and other perks, including by preparing misleading tax returns and failing to report the benefits to tax authorities. Senior Vice President and Controller Jeffrey McConney testified at the company’s criminal tax fraud trial that …

The breakdown of properties New York claims Trump inflated in '20-year fraud scheme'
2 years, 3 months ago

The breakdown of properties New York claims Trump inflated in '20-year fraud scheme'

Daily Mail  

After a three-year probe into the former president's finances New York attorney general Letitia James filed a civil lawsuit against Donald Trump on Wednesday for alleged 'numerous acts of fraud.' Trump valued Mar-a-Lago at nearly 10 times what it was worth at $739 million Trump's Florida golf resort was valued at $739 million 'based on the false premise that it …

New York Attorney General Letitia James files $250m lawsuit against Trump and three of his children
2 years, 3 months ago

New York Attorney General Letitia James files $250m lawsuit against Trump and three of his children

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} New …

Trump Organization CFO Allen Weisselberg pleads guilty to tax fraud charges
2 years, 4 months ago

Trump Organization CFO Allen Weisselberg pleads guilty to tax fraud charges

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Allen Weisselberg, the longtime chief financial officer of former president …

Trump executive Weisselberg pleads guilty to tax fraud
2 years, 4 months ago

Trump executive Weisselberg pleads guilty to tax fraud

Al Jazeera  

Weissellberg has spent decades at the Trump Organization, his plea deal may compel him totestify against the company. The former chief financial officer of Donald Trump’s company, Allen Weisselberg, has pleaded guilty to tax violations in a deal that would require him to testify about illicit business practices at the Trump Organization. Weisselberg’s lawyer Nicholas Gravante Jr said his client …

Letitia James says there is 'significant' evidence Trump Org misstated property values for a decade
2 years, 9 months ago

Letitia James says there is 'significant' evidence Trump Org misstated property values for a decade

Daily Mail  

New York Attorney General Letitia James said Trump and two of his adult children 'have not even attempted to show objectively discriminatory treatment' after they last week attempted to appeal a decision forcing them to testify in James' ongoing investigation There is 'significant evidence' the Trump Organization relied on misleading financial statements to 'secure economic benefits' like tax breaks and …

Allen Weisselberg, Trump Organization Seek To Toss Tax Fraud Case
2 years, 10 months ago

Allen Weisselberg, Trump Organization Seek To Toss Tax Fraud Case

Huff Post  

LOADING ERROR LOADING NEW YORK — Lawyers for Donald Trump’s longtime finance chief, Allen Weisselberg, are asking a judge to throw out tax fraud charges against him, arguing New York prosecutors targeted him as punishment because he wouldn’t flip on the former president. In court papers filed Tuesday, Weisselberg’s lawyer said the Trump Organization’s CFO is “collateral damage” in a …

Weisselberg, Trump Organization seek to toss tax fraud case
2 years, 10 months ago

Weisselberg, Trump Organization seek to toss tax fraud case

Associated Press  

NEW YORK — Lawyers for Donald Trump’s longtime finance chief, Allen Weisselberg, are asking a judge to throw out tax fraud charges against him, arguing New York prosecutors targeted him as punishment because he wouldn’t flip on the former president. In court papers filed Tuesday, Weisselberg’s lawyer said the Trump Organization’s CFO is “collateral damage” in a “singular crusade” by …

Eric Trump vows revenge against New York Attorney General with ‘pages of videos’ as accountant ditches family
2 years, 10 months ago

Eric Trump vows revenge against New York Attorney General with ‘pages of videos’ as accountant ditches family

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s second son has vowed retaliation against New York’s …

Startling details of possible Trump Organization crimes revealed in new legal filing
2 years, 11 months ago

Startling details of possible Trump Organization crimes revealed in new legal filing

Raw Story  

ProPublica is a Pulitzer Prize-winning investigative newsroom. Though the Trump Organization called 40 Wall Street “one of the great success stories post 2008,” lender Capital One found the company’s estimates of the building’s worth so unbelievable that the bank declined to refinance the tower’s loan in 2015, the filing alleges. “Capital One harbored great skepticism regarding the Trump Organization’s valuations,” …

New York AG says Trump’s company misled banks, tax officials
2 years, 11 months ago

New York AG says Trump’s company misled banks, tax officials

Associated Press  

NEW YORK — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits. The Trump Organization, James’ office said, overstated the value of land donations made in New York and California on paperwork submitted …

New York Attorney General seeks Trump's testimony in civil probe
3 years ago

New York Attorney General seeks Trump's testimony in civil probe

The Hindu  

New York's top justice official wants former U.S. president Donald Trump to testify in an investigation into possible fraud in his namesake real estate group, The Washington Post reported Wednesday. State Attorney General Letitia James has asked Trump to testify in person at her office in the probe into whether the Trump Organization may have illegally reported false values on …

Trump's Scottish golf courses may soon be at center of their own "McMafia Law" investigation
3 years, 5 months ago

Trump's Scottish golf courses may soon be at center of their own "McMafia Law" investigation

Salon  

Lawyers affiliated with a global activism organization are intensifying their push for a "McMafia" legal order against former President Donald Trump. Under that order, Trump would be required to disclose financial origin of his "all-cash purchases and development of his two Scottish golf resorts," HuffPost reports. Citing the Trump Organization's legal and financial woes with prosecutors in New York, the …

Trump Organisation CFO Allen Weisselberg appears in NY court in handcuffs accused of tax fraud
3 years, 6 months ago

Trump Organisation CFO Allen Weisselberg appears in NY court in handcuffs accused of tax fraud

The Telegraph  

The Trump Organization and its longtime chief financial officer on Thursday pleaded not guilty to tax evasion charges in a New York court, in a widening criminal case against Donald Trump’s business that could complicate his political future. The charges focus on whether Allen Weisselberg and other company executives received benefits and perks such as rent-free apartments, private school fees …

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog
4 years, 4 months ago

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog

Salon  

President Donald Trump filed "fraudulent" documents to the U.S. government inflating the value of his golf clubs in Ireland and Scotland, according to a left-leaning government watchdog group. The American Democracy Legal Fund called on Manhattan District Attorney Cy Vance and the FBI to investigate whether Trump broke the law by filing false financial disclosure documents, according to a letter …

Did President Trump inflate the value of his Scottish golf resorts in government filings?
5 years, 4 months ago

Did President Trump inflate the value of his Scottish golf resorts in government filings?

Salon  

President Donald Trump appears to have misstated the value of his Scottish golf resorts by $165 million, an act which could potentially constitute a federal crime. The controversy came to light after seemingly conflicting financial disclosure forms regarding the president's Aberdeen and Turnberry resorts in Scotland were submitted in the U.S. and the U.K., according to a new report by …

Trump Inflating Scottish Golf Resorts' Value By $165 Million, Per UK Filings
5 years, 4 months ago

Trump Inflating Scottish Golf Resorts' Value By $165 Million, Per UK Filings

Huff Post  

President Donald Trump walks off the 4th green while playing at Turnberry golf club in Turnberry, Scotland, on July 14, 2018. Peter Morrison/ASSOCIATED PRESS WASHINGTON ― President Donald Trump has filed financial disclosure statements that appear to misstate the value and profitability of his Scotland golf courses by $165 million, possibly violating federal laws that are punishable by jail time. …

Trump disclosure shows revenue steady at key properties
5 years, 7 months ago

Trump disclosure shows revenue steady at key properties

Associated Press  

NEW YORK — Revenue from President Donald Trump’s sprawling business empire largely held steady last year amid his turbulent presidency, according to his financial disclosure Thursday, with a drop in business at his Mar-a-Lago resort and small gains at his Washington hotel and Doral golf club. The mixed bag provided validation to neither those who predicted Trump would reap massive …

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