The Trump Organization’s former chief financial officer has testified that Eric Trump hiked his pay by $200,000 after an internal audit spurred by Trump’s 2016 election found that he had been scheming to dodge taxes on lavish corporate perks.
Trump Organization's former Chief Financial Officer Allen Weisselberg arrives to the courtroom in New York, Thursday, Nov. 17, 2022. – How did Donald Trump’s oldest sons — entrusted to run his company when he became president — react when they learned that a top executive was scheming to dodge taxes on lavish corporate perks?tax fraud trial.
The company continues to pay Weisselberg $640,000 in salary and $500,000 in holiday bonuses and punished him only nominally after his arrest in July 2021, reassigning him to senior adviser and moving his Trump Tower office. He's now on paid leave. Weisselberg said Eric Trump, who handles the company’s day-to-day operations, signed off on his raise and is now in line to approve another $500,000 holiday bonus — even as Weisselberg prepares to shuffle off to New York City’s infamous Rikers Island jail complex.
Manhattan prosecutors allege that the Trump Organization helped top executives avoid paying taxes on company-paid perks and that it is liable for Weisselberg's wrongdoing because he was a “high managerial agent” acting on its behalf. The company's lawyers, however, argue that the Trumps are deeply loyal, stressing how Weisselberg was “among the most trusted people they knew" and how they continue to stand by him, even as he acknowledged betraying them. His lawyers are being paid by the company.
“Did a longtime executive pay tax on the use of a company car, or a company apartment, or payments for the education of his grandchildren. For this he get handcuffs and jail?” Trump wrote, describing the situation as “VERY UNFAIR!”
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