Tag Archives: Tax evasion

ICYMI: Amid Releasing Fake Financial Info New York AG Trying To Force Trump To Cooperate In Investigation

force trump cooperate ny ag leticia james

New York’s Attorney General Letitia James says the Trump Organization released fake financial information and she’s now trying to force the Trumps to cooperate.

The Attorney General says her probe of the Trump Organization uncovered evidence that suggests the company purposely overvalued some of their properties by millions of dollars, and then misrepresented the value of those assets to financial institutions for their own benefit.

Now James has taken legal action to try to force former President Donald Trump, Donald Trump, Jr. and Ivanka Trump to cooperate with her investigation and answer questions under oath about their dealings.

“For more than two years, the Trump Organization has used delay tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings,” said Attorney General James.

“The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them. We will not be deterred in our efforts to continue this investigation and ensure that no one is above the law.”

The Attorney General began her investigation into the Trump Organization back in 2019 after the ex-president’s former lawyer, Michael Cohen, testified that Trump exaggerated the value of the companies’ assets to get better loan insurance policies.

Trump has denied all allegations and called the investigation another witch hunt. Do you think Trump will cooperate?

Share your thoughts with us on social media.

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Amid Releasing Fake Financial Info New York AG Trying To Force Trump To Cooperate In Investigation

force trump cooperate ny ag leticia james

New York’s Attorney General Letitia James says the Trump Organization released fake financial information and she’s now trying to force the Trumps to cooperate.

The Attorney General says her probe of the Trump Organization uncovered evidence that suggests the company purposely overvalued some of their properties by millions of dollars, and then misrepresented the value of those assets to financial institutions for their own benefit.

Now James has taken legal action to try to force former President Donald Trump, Donald Trump, Jr. and Ivanka Trump to cooperate with her investigation and answer questions under oath about their dealings.

“For more than two years, the Trump Organization has used delay tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings,” said Attorney General James.

“The Trumps must comply with our lawful subpoenas for documents and testimony because no one in this country can pick and choose if and how the law applies to them. We will not be deterred in our efforts to continue this investigation and ensure that no one is above the law.”

The Attorney General began her investigation into the Trump Organization back in 2019 after the ex-president’s former lawyer, Michael Cohen, testified that Trump exaggerated the value of the companies’ assets to get better loan insurance policies.

Trump has denied all allegations and called the investigation another witch hunt. Do you think Trump will cooperate?

Share your thoughts with us on social media.

The post Amid Releasing Fake Financial Info New York AG Trying To Force Trump To Cooperate In Investigation appeared first on The Source.

Click Here to Discuss in the Forums

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DMX Performs First Show After Getting Released From Prison [Video]

DMX is wasting no time after giving the criminal system a year of his life. Dark Man X has already hit the stage to perform for his fans.

As reported by Hot New Hip Hopthe Yonkers native was recently released after serving 12 months for tax evasion. On January 26 he performed for a packed crowd at Staten Island nightclub Mr. Ciao. Interestingly enough his former associate Ja Rule was originally booked but dropped out last minute for unknown reasons.

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Even though he had been down for a year X hit the stage without any signs of hesitation or rust. Patrons at the restaurant lounge were treated to many of his hits including “Party Up (Up in Here)”, “Ruff Ryder’s Anthem” and “Get At Me Dog”.

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The staff at Mr. Ciao’s gave him a personal thank you via their Instagram account. “DMX you saved the day !!! Thank you to all that came to party”.

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According to long time Ruff Ryders producer and collaborator Swizz Beatz DMX is focusing on righting his many wrongs. On his Instagram he recounted a phone conversation he had with the “Where The Hood At” rapper immediately after being released. “I JUST GOT OFF THE PHONE WITH MY BROTHER DMX! HE TOLD THIS TIME HE DIDN’T WORK OUT HIS BODY IN JAIL HE SAID HE WORKED OUT HIS MIND! HE ALSO SAID HE’S ABOUT TO MAKE MUSIC FOR THE PEOPLE THAT NEED HIS TRUTH AND PAIN!”

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Let’s hope Earl can stay focused out here.

Photo: WENN.com

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DMX Receives 2019 Jail Release Date

DMX will be hitting the bricks in 2109.

Famed rapper Earl Simmons Jr. has received a January 27th release date from Gilmer Federal Correctional Institution, according to TMZ.

His lawyer Murray Richman has revealed the release date for X’s 2017 tax evasion charge. According to calculations, that’s exactly one month from the date of this writing.

The infamous rapper/actor has a large family to come home to; 15 children, including 2-year-old Exodus Simmons, who reportedly has serious health issues.

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Wesley Snipes Loses 10-Year Old Case With IRS, Ordered to Pay $9.5 Million

Wesley Snipes is still in turmoil with the IRS, as per reports by The Blast. 

The Blade actor lost his $10 million appeal in debt to the IRS. This tax case has been going on for about a decade, after he was sentenced to prison for not filing his federal income tax in 2008. In the ’90s and early 2000s, Snipes ran off on the plug after his accountant and anti-tax advocate convinced him he didn’t have to pay taxes.

Snipes originally owed $23.5 million in debt to the IRS but was able to reduce the ridiculous amount to about $9.5 million. He initially offered to pay $850,000 to settle the debt, but the IRS swerved him. Wesley Snipes tried to appeal, and the courts took the side of the IRS.

“Given the disparity between petitioner’s $842,061 OIC [offer-in-compromise] and the settlement officer’s calculation of $9,581,027 as his RCP [reasonable collection potential], as well as petitioner’s inability to credibly document his assets, the settlement officer and her manager had ample justification to reject the offer,” U.S. Tax Court Judge Kathleen Kerrigan said Thursday.

A lien was put on the actor and producer’s home in August 2013, after he was released from jail. Snipes asserted in court that his financial advisor took out loans and assets without his insight, yet neglected to give enough proof to back up the case. The judge assured the $9.5 million payout wouldn’t leave Snipes desperate, but according to Celebrity Net Worth, Snipes just has about $10 million to his name. Maybe it’s time for another Blade.

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