The first indictments are about to hit the Trump Organization, reports say. The corporation as its own entity, and the Chief Financial Officer Allen Weisselberg, are both expected to be charged in tax-related crimes on Thursday.
According to the Wall Street Journal, the charges coming Thursday won’t be for the larger alleged tax crimes, in which Trump stands accused of falsifying the values of his properties, inflating them for lenders in order to qualify for loans they wouldn’t otherwise grant, and devaluing them for tax purposes to save cash, but for under-the-table fringe benefits.
For example, we reported weeks ago that a subpoena had been issued apparently to determine whether the Trump Organization was paying for the private school Weisselberg’s grandchildren attend, a benefit that would be taxed as income typically — unless, of course, it was given secretly, and used as a dodge for income tax purposes.
The Wall Street Journal suggests that there might be a variety of such benefits being granted as illegal tax-dodges by the company, including cars and apartments as well as the aforementioned tuition, and multiple employees involved.
It has been speculated that charging a top executive at the company might encourage others to cooperate with investigators, eventually giving evidence that will implicate Donald Trump himself.
The Trump Organization had been given until Monday afternoon to explain why there should be no charges. Apparently they failed to convince prosecutors.
Trump has already been complaining about the charges, even before they hit, complaining that this is a case of “radical left prsecutors’ who are “are rude, nasty, and totally biased in the way they are treating lawyers, representatives, and some of the wonderful long-term employees and people within the Trump Organization.”
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Steph Bazzle reports on social issues and religion for Hill Reporter. She focuses on stories that speak to everyone's right to practice what they believe in and receive the support of their communities and government officials. You can reach her at Steph@HillReporter.com