The Trump Organisation and its long-time finance chief have pleaded not guilty to tax charges arising from a two-year investigation into former president Donald Trumpâs company.It is the first criminal case the New York authoritiesâ investigation has yielded.
According to the indictment, from 2005 until this year Allen Weisselberg and the company cheated the state and city out of taxes by conspiring to pay senior executives off the books.Prosecutor Carey Dunne described a 15-year scheme âorchestrated by the most senior executivesâ, including chief financial officer Weisselberg, that was âsweeping and audaciousâ.
Trump Canât Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendantsâ ongoing diligent
efforts have proven that a bond
in the judgmentâs full amount
is âa practical impossibility.â, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
A man set himself on fire in front of the courthouse where former President Donald Trump's hush money criminal trial is currently underway ... and the footage is.. TMZ.com
A man has set himself on fire outside the courthouse in New York where former US President Donald Trump is on trial, according to US media reports. Sky News
The final day of jury selection for Donald Trump's hush money trial is serving as a reminder of how tricky and unpredictable the process can be. Sky News
Ryan Garcia weighs 3.2lb over the 140lb limit for Saturday's light-welterweight contest against compatriot Devin Haney in Brooklyn, New York. BBC Sport
Ryan Garcia will live up to his King Ry moniker Saturday night in NYC ... 'cause the star boxer commissioned an insane iced-out crown -- with over 15,000.. TMZ.com
CNNâs Elie Honig explains why itâs likely that Congress will get former President Donald Trumpâs tax returns, two years after the House Ways and Means Committee first requested them.
Ald. Carrie Austin (34th) and her chief of staff, Chester Wilson Jr., pleaded not guilty on Thursday to federal charges accusing them of taking bribes from a construction company seeking Austinâs..
NEW YORK â On Thursday New York prosecutors released a 15-count indictment sheet charging the Trump Organization and its chief financial officer, Allen Weisselberg, with the crime of âscheme to..