what to expect after Trump Organization, CFO on tax evasion charges – .

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what to expect after Trump Organization, CFO on tax evasion charges – .


TORONTO – Following the indictment of the Trump Organization and its CFO Allen Weisselberg with tax evasion, an expert says the case lays the groundwork for possible future charges against the company and puts pressure on the former US President Donald Trump.

Trump is not charged with any wrongdoing in this case, but remains at the center of the ongoing investigation.

Prosecutors allege the 15-year tax evasion scheme was “orchestrated by the top executives” of the Trump Organization, with some employees receiving more than $ 1.7 million in non-accountable compensation, including rent from an apartment, car payments and school fees.

Dalia Fahmy, associate professor of political science at Long Island University, told CTV News Channel that this case “is just the beginning” of accusations the company – and Trump – could face.

“There is fraud, there is conspiracy, there is criminal tax evasion, falsification of business records – these are very big white collar crimes,” Fahmy said in an interview Thursday.

Fahmy believes the prosecutor’s strategy in this case was to “start small and work until the biggest whip fish.”

“Prosecutors are hoping that by bringing these charges to Weisselberg’s gate … [they’ll] get his cooperation on further investigations to show the Trump empire that they might in fact face other charges if they don’t cooperate, ”she explained.

However, she admitted it was a risky pursuit, given Weisselberg’s loyalty to Trump.

” Whether [Weisselberg] turn or not will determine to what extent the former president will be charged with these white collar crimes, ”Fahmy said.

“He has been very loyal to the president, but there is something very different about being finally handcuffed and arrested and having to hand over your passport,” she added.

However, Fahmy says “we don’t know what makes one person turn” on another in situations like these.

“We know based on the story the former president doesn’t take disloyalty very well and was never stuck by anyone all the way, so it could be a turning point, ”she said.

The tax evasion case against Weisselberg and the Trump organization is led by Manhattan District Attorney Cyrus Vance Jr. and New York Attorney General Letitia James.

Fahmy noted that this is not the only case Vance is pursuing against the former US president and his company.

Vance has investigated a wide range of issues involving Trump and the Trump Organization, such as hidden cash payments made to women on Trump’s behalf and whether the company has falsified the value of its properties to obtain loans or reduce its tax invoices.

Weisselberg and lawyers for the Trump Organization pleaded not guilty on Thursday.

In a statement, Trump condemned the case as a “political witch hunt by radical left Democrats” while lawyers for Weisselberg said he “would fight these accusations.”

With files from the Associated Press

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