Franklin, Andrews, Kramer & Edelstein

[scion]

The Receipt of Unreported Cash

11. It was a further part of the scheme to defraud that Weisselberg received unreported cash that he could use to pay personal holiday gratuities. Specifically, Weisselberg caused the ‘Trump Corporation to issue corporate checks made payable to a Trump Organization employee who cashed the checks and received cash. The cash was given to Weisselberg for his personal use. The Trump Corporation booked this cash as “Holiday Entertainment,” but maintained internal spreadsheets showing the cash to be part of Weisselberg’s employee compensation. The cash distributed in this manner was not included on Weisselberg’s W-2 forms or otherwise reported to federal, state, or local tax authorities, and no income tax was withheld by the corporate defendants in connection with the cash payments. Weisselberg intentionally caused the receipt of cash payments to be omitted from his personal tax returns, despite knowing that those payments represented taxable income and were treated as compensation by the Trump Corporation. Because the cash was not reported by the corporate defendants to the tax authorities, was not subjected to income tax withholding by the corporate defendants, and was not included by Weisselberg on his personal tax. returns, he did not pay taxes on approximately $29,400 in compensation he received during the tax years 2011 through 2017.


Read: Indictment charges against Trump Organization and its CFO

By CNN
Updated 1855 GMT (0255 HKT) July 1, 2021

(CNN)Trump Organization Chief Financial Officer Allen Weisselberg is appearing in a Manhattan courtroom Thursday afternoon to respond to criminal charges against him and the company in connection with alleged tax crimes.

Read the charges: https://s3.documentcloud.org/documents/20982374/indictment-final.pdf

https://edition.cnn.com/2021/07/01/politics/trump-organization-allen-weisselberg/index.html