Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Trump Organization CFO Allen Weisselberg Pleads Guilty In New York Tax Case
deadline.comAllen Weisselberg, the longtime chief financial officer for the Trump Organization, pleaded guilty on Thursday to 15 charges related to tax fraud and evasion.Weisselberg’s plea requires that he testify against the Trump Organization, as opposed to Donald Trump himself, at an upcoming trial.Weisselberg faces a five month jail sentence on Rikers Island and five years probation, and paying nearly $2 million in taxes, penalty and interest.Last year, New York prosecutors charged Weisselberg and the Trump Organization in an alleged scheme to evade taxes on more than $1.7 million in income.Weisselberg initially pleaded not guilty to the charges.Prosecutors had described a 15-year tax scheme and said the charges include 15 felony counts, including a scheme to defraud, conspiracy, grand larceny and falsifying business records.
They said they have digital drives with grand jury testimony, bookkeeping records, tax records, statements of potential witnesses.
The allegations were that the company provided perks to employees including the CFO including free rent, utilities, car leases, tuition, cash and other gifts, that were not reported as income.New York District Attorney Alvin Bragg said in a statement, “This plea agreement directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony in the upcoming trial against the corporation.” The trial is scheduled to begin on Oct.
24.Trump himself was not charged, and Weisselberg’s plea deal signals that Manhattan prosecutors ultimately were unable to get the CFO to testify against the former president himself.
Read more on deadline.com
