Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid perks, including a Manhattan apartment and luxury cars.
Weisselberg also recalled helping Trump through the company’s dark times in the early 1990s, including casino bankruptcies and the failure of his Trump Shuttle airline. He reminisced about watching Trump’s three eldest children — Donald Jr., Ivanka and Eric — grow up before his eyes, admitting he was “among the most trusted people they knew.”
Some of Weisselberg's testimony appeared to underscore that point. But the 75-year-old executive refuted the defense’s contention that his scheme didn't help the company’s bottom line too. He also detailed another financial arrangement, involving holiday bonuses, that had saved the company money for years.
The company's chief operating officer, Matthew Calamari Sr., also reduced his salary to deduct the cost of a company-paid apartment and cars for him and his wife, but Weisselberg denied they were in cahoots. He said he had no knowledge of or involvement in what Calamari was doing. The company, however, did have a longstanding practice to avoid taxes on the lucrative Christmas bonuses that Trump handed out each year to his company’s executives.
Trump “always wanted to sign the bonus checks," Weisselberg said — applying his distinct, seismograph-like signature to a stack of 70 or more made out to key company officials, including Weisselberg and Calamari.
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