Prosecutors reportedly looking at Trump Organization cash bonuses as possible charges loom
Prosecutors in New York are reportedly examining cash bonuses amid their investigation into the Trump Organization, as former President Donald Trump's legal team braces for potential impending charges.
Investigators have been examining whether the company failed to appropriately pay taxes on benefits, and they're also looking into cash bonuses, though "it's not clear who received the bonuses or how much they totaled," CNN reported Wednesday. Criminal defense attorney Jeremy Saland explained to CNN that making a tax evasion case stemming from cash bonuses could be difficult due to a likely lack of records, but he explained this could be part of a case establishing a pattern of behavior.
"If it's large enough, it bolsters their case," Saland told CNN. "If it's insignificant, I don't know that I'd go down that road so much, because how are you corroborating that there was this cash transaction? … If it's overwhelming and you have good evidence of it, then it's consistent with [the] theory [of the company playing] fast and loose."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Lawyers for the Trump Organization on Monday reportedly met with prosecutors to argue the company shouldn't face criminal charges, and the former president contends the probe is focusing on "things that are standard practice throughout the U.S. business community, and in no way a crime." Trump's legal team is expecting that criminal charges will be brought against the company "in the coming days," though they're not expecting charges against Trump himself, CBS News reports.
"They didn't use the word 'fringe benefits' or anything like that," Trump attorney Ronald Fischetti told CBS, "but they alleged improper benefits that were conferred on some of the high-ranking individuals in the Trump Organization."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
The 8 best hospital dramas of all timethe week recommends From wartime period pieces to of-the-moment procedurals, audiences never tire of watching doctors and nurses do their lifesaving thing
-
‘Implementing strengthened provisions help advance aviation safety’Instant Opinion Opinion, comment and editorials of the day
-
How Manchesterism could change the UKThe Explainer The idea involves shifting a centralized government to more local powers
-
‘Implementing strengthened provisions help advance aviation safety’Instant Opinion Opinion, comment and editorials of the day
-
Fed holds rates steady, bucking Trump pressureSpeed Read The Federal Reserve voted to keep its benchmark interest rate unchanged
-
Judge slams ICE violations amid growing backlashSpeed Read ‘ICE is not a law unto itself,’ said a federal judge after the agency violated at least 96 court orders
-
Does standing up to Trump help world leaders at home?Today’s Big Question Mark Carney’s approval ratings have ‘soared to new highs’ following his Davos speech but other world leaders may not benefit in the same way
-
Rep. Ilhan Omar attacked with unknown liquidSpeed Read This ‘small agitator isn’t going to intimidate me from doing my work’
-
Democrats pledge Noem impeachment if not firedSpeed Read Trump is publicly defending the Homeland Security secretary
-
Trump: A Nobel shakedownFeature The president accepts gold medal he did not earn
-
Trump inches back ICE deployment in MinnesotaSpeed Read The decision comes following the shooting of Alex Pretti by ICE agents
