The Trump Organization and CFO Allen Weisselberg were charged with 15 counts for alleged fraud and tax evasion.
What We Know:
- Lawyers for the Trump Organization and its top executives pleaded not guilty to a 15-count indictment alleging the company secretly redirected money to executives to avoid taxes on $1.7 million of income. Beginning in 2005, the money was untaxed indirect employee compensation. Prosecutors claim the Trump Organization failed to report the payments for tax purposes.
- CFO Weisselberg and two corporate entities were declared co-defendants in the indictment. Some charges include tax fraud, false statements, false filings, false tax instruments, and falsifying business records. Prosecutors term the fund funneling an “orchestrated scheme” to benefit top executives, giving them undocumented perks and raises that bypass taxing.
“It was orchestrated by the most senior executives, who were financially benefiting themselves and the company, by getting secret pay raises at the expense of state and federal taxpayers,” an assistant district attorney told the judge.
- Off-the-books payments by corporations are legal as long as they are not in the form of a paycheck. The Manhattan District Attorney’s Office, however, faults the Trump Organization and Allen Weisselberg for allegedly failing to account for checks given out, checks which Weisselberg signed.
- Allen Weisselberg and the Trump Organization pleaded not guilty and refute the indictments. The Trump Organization considers the indictment a political attack. Defense lawyers Alan S. Futerfas, Bettina Schein, and Susan R. Necheles consider the case one to be resolved by civil tax authorities.
“In our view, this case was brought because the companies’ name is Trump. This case signals that it is now open season for local prosecutors to target federal political opponents and adversaries.”
- Former President Donald Trump has not been personally charged with any crimes. Thursday morning, Weisselberg surrendered to authorities and turned himself in. If convicted, he faces more than 10 years in prison.
Weisselberg was released on his own recognizance after giving up his passport. He is expected in court on September 20.
Former NFL Champ Nate Burleson joins CBS Mornings
Former NFL player Nate Burleson has officially made his hosting debut on the newly branded morning talk show, CBS Mornings.
What We Know:
- It was announced earlier this month that Burleson would replace Anthony Mason. Previously Mason joined Gayle King and Tony Doukoupil as host of the former CBS This Morning. The show was rebranded in tandem to the relocation of their set to Times Square and Burleson joining the cast.
- Since 2017, former NFL player Burleson has been the host of Good Morning Football on the NFL Network and has served as an analyst on The NFL Today on CBS. Burleson will continue his role on The NFL Today.
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- Burleson is the second former NFL player to join a network morning TV show, with Michael Strahan playing a major role as a co-host on ABC‘s Good Morning America.
Burleson credits Michael Strahan as the ‘blueprint’ for his career path, explaining, “He’s one of those individuals that I took a liking to once I retired because he rewrote the blueprint. I don’t want to say that he is the blueprint, because there has been plenty of players that have transitioned out of the game into TV. There have been African American men and women before him that have done the same thing, but he is a guy that has shown me the lay of the land, especially being a transplant from the West Coast to now New York.”
Classes canceled at Howard University as US Government investigates ransomware cyberattack
Howard University officials along with leading cyber experts are trying to assess what has been compromised in an active ransomware, cyberattack on the HBCU campus. Officials have deemed the attack criminal.
What We Know:
- Monday, the university issued a statement to faculty and students that “the service disruption was caused by a ransomware cyberattack against the university.”
- Classes have been canceled for Tuesday and Wednesday. Students have been notified that online and hybrid classes will remain canceled and only essential staff will be allowed on campus. All in-person undergraduate, graduate, professional, and clinical experiential courses will resume as scheduled on Wednesday.
- A ransomware attack can be triggered by simple, everyday activity. Opening a unintended link inside of can lead to a cyberattack. Computer, tablet and phone users are encouraged to change their passwords and security questions regularly.
Howard University is home to several notable high profile Black alumni such as Chadwick Boseman and Phylicia Rashad.
Polo G Reportedly Arrested in Los Angeles on Concealed Weapon Charge
Polo G was arrested on in Los Angeles on Monday, TMZ reports.
What We Know:
According to the outlet, Polo G was arrested after police allegedly found a concealed firearm on the Hall of Fame rapper, which TMZ points out is a felony. The supposed discovery of the firearm occurred when a vehicle Polo G was a passenger in was stopped.
It’s currently unclear why the vehicle was pulled over in the first place but it was reported that a male juvenile was also detained during the stop.
Polo was similarly arrested while he was in Miami for his Hall of Fame album release party. The arrest, which took place back in June, resulted in the rapper getting hit with charges of of battery on a police officer, resisting arrest with violence, and criminal mischief. The rapper was also a passenger in a vehicle at the time of that arrest.