NY - $250m fraud against Former President Donald Trump, Trump Org., Eric, Donald Jr., Sept 2022, Trial 2 Oct 2023

[Katrinepa]

How much of a lying fraud do you have to be, as a highly-paid CPA, to fake a payroll so your wife can qualify for Social Security?

Would be nice if Weisselberg could be prosecuted for fraud against the SS Agency, too.

I am pretty sure Weisselberg said he was Not a CPA, has no tax credentials.

 

[Katrinepa]

"House Republican rules prohibit a speaker who is under felony indictment."

Ex-President Donald Trump endorses Jim Jordan to be US House Speaker

The former president backs House Judiciary Committee chairman for the key position after removal of Kevin McCarthy.

www.aljazeera.com

I believe Jordan is still under investigation. If so, would that also disqualify Him? <modsnip - namecalling>

 

[Katrinepa]

https://twitter.com/x/status/1710304838293057714

Judge Engoron is doing his Job, as he must. The fact that many may lose their jobs should not be his concern, sad as it may be. Actions have consequences, and Donald doesn't care one iota about his previous employees.

 

[Inthedetails]

I am pretty sure Weisselberg said he was Not a CPA, has no tax credentials.

I checked. Weisselberg is not a CPA.

"Weisselberg was hired by Trump's father, Fred Trump, in 1973. An accountant by training – though not a holder of a certified public accountant license, according to New York state records – Weisselberg became increasingly trusted by the family to manage their assets and protect the Trump's financial secrets, rising to controller of the Trump Organization by the late 1980s.

He established the Trump Organization's accounting department, managed the company's and Trump's personal tax returns, and oversaw the financing and management of the organization's many properties."

Who is Allen Weisselberg? Trump Organization CFO pleaded guilty in tax scheme, named in fraud suit

Allen Weisselberg is named, along with Donald Trump and three Trump children, in a civil lawsuit filed by New York Attorney General Letitia James.

www.usatoday.com

 

[sds71]

Trump’s bid to suspend the trial failed

https://twitter.com/x/status/1710382363081953293

 

[Inthedetails]

Trump’s bid to suspend the trial failed

https://twitter.com/x/status/1710382363081953293

Sucks to be officially outed as a fraud.

 

[JerseyGirl]

Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics

The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties.

amp.cnn.com

Internal Trump Org. spreadsheets shown in court Friday show notations by Jeff McConney, also a co-defendant of former President Donald Trump, Eric Trump and Donald Trump Jr., that say Eric Trump directed McConney in phone conversations about certain property valuations that would later appear on the financial statements the judge in this case has ruled fraudulent.

McConney testified that in those phone calls that Eric Trump directed him to factor certain things into the calculations that ultimately led to what the New York attorney general says are inflated valuations of properties including Seven Springs and the Trump National Golf Club Westchester.

He also testified when valuing Trump’s Seven Springs development beginning in 2011, he included the value of seven homes not yet built at the property. He said he did this at the direction of Eric Trump, who oversaw the project.

 

[JerseyGirl]

Under questioning by special counsel to the New York attorney general Andrew Amer, McConney said he calculated Mar-A-Lago’s valuation as though it could be sold as a private residence.

McConney testified that he did not know at the time that Trump had deeded away his right to develop the property beyond its use as a social club in 2005.

McConney also said that he and Weisselberg consciously agreed to calculate the value of apartments at Trump Park Avenue, without factoring in that the units were rent stabilized, which significantly lowers the real-estate value because they cannot be rented at market price.

The former controller said that he and Weisselberg increased the value of multiple Trump golf clubs by adding what they considered the value of Trump’s name on the properties, called a brand premium.

Spreadsheets shown in court show McConney’s phone conversations detailing the methodology of the Seven Springs valuation.

McConney similarly included 71 unbuilt units as realized profits in the valuation for Trump’s Briarcliff, New York golf course. He did this on more than one financial statement even when the development approval of those units had been paused, he testified.

Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics

The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties.

amp.cnn.com

 

[JerseyGirl]

Trump’s bid to suspend the trial failed

https://twitter.com/x/status/1710382363081953293

A New York appeals court judge on Friday rejected Donald Trump’s attempt to stop the ongoing $250 million civil fraud trial, but temporarily halted the process of breaking up the former president’s businesses.

Associate Justice Peter Moulton issued the ruling after a brief hearing Friday afternoon.

https://www.cnn.com/2023/10/06/politics/donald-trump-judge-engoron/index.html

 

[JerseyGirl]

Trump exec admits committing tax fraud because he feared getting fired

NEW YORK — A former top Trump Organization executive Friday testified that he repeatedly committed tax fraud at the direction of then-chief financial officer Allen Weisselberg in a major blow

www.bozemandailychronicle.com

Ex-controller Jeffrey McConney first claimed he didn’t know it was illegal for him to dramatically overestimate the value of Trump-owned assets like golf courses, Trump Tower apartments and luxe real-estate developments.

But under sharp questioning, McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.

 

[Katrinepa]

Under questioning by special counsel to the New York attorney general Andrew Amer, McConney said he calculated Mar-A-Lago’s valuation as though it could be sold as a private residence.

McConney testified that he did not know at the time that Trump had deeded away his right to develop the property beyond its use as a social club in 2005.

McConney also said that he and Weisselberg consciously agreed to calculate the value of apartments at Trump Park Avenue, without factoring in that the units were rent stabilized, which significantly lowers the real-estate value because they cannot be rented at market price.

The former controller said that he and Weisselberg increased the value of multiple Trump golf clubs by adding what they considered the value of Trump’s name on the properties, called a brand premium.

Spreadsheets shown in court show McConney’s phone conversations detailing the methodology of the Seven Springs valuation.

McConney similarly included 71 unbuilt units as realized profits in the valuation for Trump’s Briarcliff, New York golf course. He did this on more than one financial statement even when the development approval of those units had been paused, he testified.

Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics

The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties.

amp.cnn.com

BARF! If the neighbors to Maragagme knew the property could not be used as a private residence, then all Trump's lackeys had to know. Don't trust the Men behind the curtain...Flying monkeys are more honest.

 

[Katrinepa]

Trump exec admits committing tax fraud because he feared getting fired

NEW YORK — A former top Trump Organization executive Friday testified that he repeatedly committed tax fraud at the direction of then-chief financial officer Allen Weisselberg in a major blow

www.bozemandailychronicle.com

Ex-controller Jeffrey McConney first claimed he didn’t know it was illegal for him to dramatically overestimate the value of Trump-owned assets like golf courses, Trump Tower apartments and luxe real-estate developments.

But under sharp questioning, McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.

Boo Hoo...Ethics of a Slug.

 

[SkyBoomer]

I imagine he got out of bed to take a poo and just wrote that diatribe as he waited on the toilet.

Like he got out of bed first…..

 

[TootsieFootsie]

Bit by bit the emperor is losing more of his clothes.

 

[TootsieFootsie]

Like he got out of bed first…..

That DEPENDS

 

[TootsieFootsie]

I imagine there must be many of his staff and employees of his businesses that are beginning to think they might not get paid. And may be out of a job.

Queue people starting to look for new jobs.

 

[ilovewings]

Bit by bit the emperor is losing more of his clothes.

pretty soon he will be naked as a jay bird- but he sees himself in royal robes--

 

[JerseyGirl]

Trump exec tells court how he inflated boss’s net worth | Fortune

Jeffrey McConney, who joined the Trump Organization in 1987 and is a defendant with Trump in the case, testified on Friday that he added tens of millions of dollars a year to the former president’s annual financial statements for the value of mansions on his Seven Springs New York estate that did not exist.

The unbuilt mansions, valued at $35 million apiece, resulted in $161 million being added to Trump’s net worth annually for several years.

 

[JerseyGirl]

'Leave value as is': Witness says Trump's son ordered him to record $75M spike in golf course worth

www.rawstory.com

A Trump Organization executive told a court Friday that he inflated the value of a Trump golf course by $75 million under the orders of the former president’s son.

Jeffrey McConney, the company’s former controller, said he listed Trump’s Briarcliff Manor golf club in New York at $101 million in 2013, up from $25.1 million the year earlier.

He told the court he recorded the increase after a phone call with Eric Trump in which he was told 71 housing units were about to be developed on the site.

But a valuation made by real estate broker Cushman and Wakefield that factored in the potential developments valued it at $43.3 million, The Messenger reported.

“Leave value as is,” Eric Trump said, according to The Messenger.

Attorneys for the Trump Organization did not cross-examine McConney.

 

[JerseyGirl]

New York v. Trump on Day Five: Company Exec Testifies About Mar-a-Lago and Eric Trump's Golf Club Directive to 'Leave Value as Is'

The former controller of the Trump Organization resumed his testimony Friday, revealing over-valuations of key real estate properties including the so-called 'winter White House.'

themessenger.com

This chart from New York Attorney General Letitia James shows Trump's estimate of Mar-a-Lago set against the Palm Beach County Appraiser's valuations.