Prosecutors rest case in Trump Organization's criminal tax fraud trial
Source: Reuters
The prosecution rested its case on Monday in the criminal trial of former U.S. President Donald Trump's real estate company on charges including tax fraud after calling five witnesses over three weeks, setting the stage for the Trump Organization to begin to mount its defense....
Weisselberg during three days of testimony said he worked with the Trump Organization's controller to misreport his and others' income on company tax forms, which let the company save on salary payments as well as payroll taxes. The testimony gave a boost to the prosecutors, who in order to win a conviction must show that executives acted in their official capacity when committing crimes.
Under cross-examination by the defense, Weisselberg said his intention in carrying out the arrangement was to benefit himself, calling the company's savings a "byproduct." He choked up as he said he was embarrassed about having betrayed the Trump family's trust....
The case is separate from a $250 million civil lawsuit filed by New York's attorney general against Trump, three of his adult children and his company in September, accusing them of overstating asset values and his net worth to get favorable bank loans and insurance coverage....
Read more: https://www.msn.com/en-us/news/us/prosecutors-rest-case-in-trump-organization-s-criminal-tax-fraud-trial/ar-AA14nvwr?ocid=msedgntp&cvid=aa50763a5f484016ad2d61c7dd2884fc
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