Trump and His Two Adult Children Involved in Tax Fraud Scheme: Ex-CFO Testifies

Donald Trump and his two adult children were allegedly involved in a tax fraud scheme, former Trump Organization chief financial officer Allen Weisselberg testified on Thursday.

CBS News reports that “Weisselberg said Donald Trump, or sometimes Eric Trump or Donald Trump Jr., signed a check to pay for up to $100,000 in private school tuition for Weisselberg’s grandchildren. Weisselberg said he then instructed the company’s controller to deduct $100,000 from his salary, allowing him to report the smaller income. Copies of some checks signed by the Trumps were shown in court.”

Weisselberg and two Trump organizations are accused of more than a dozen counts of fraud, grand theft and tax evasion.

The signed checks are evidence that they played a role in the fraud scheme, but not that they were behind it.

Weisselberg claims the Trump family had no idea what he was thinking. Former President Trump is not a defendant in the case.

Michael Cohen responded to Wessenberg’s claims:

However, Weisselberg said, “The practice of reducing executive compensation based on 1099 income began in the 1980s before he started working for Trump in 1986. He said he was not sure who started the practice.”

As for the school paychecks signed by the various Trumps, “Weisselberg declined to say whether Trump or Donald Jr. were aware of a scheme to pay the company with paychecks to avoid taxes on Weisselberg’s tuition.

He told Trump he would pay him for it, but didn’t explain how, according to Weisselberg.

Weisselberg also said that the Trump Organization has stopped several illegal tax administrations since Donald Trump took office in 2017.

“It was my personal greed,” said the former CFO.

Weisselberg doesn’t explain why some of these practices existed before he joined the Trump Organization, saying his own greed was the reason.

Weisselberg was found guilty of illegal tax evasion in August and is expected to spend several months in prison.