>>> THE TRUMP ORGANIZATION TOOK
IN MORE THAN $270 MILLION LAST
YEAR.
A STEEP DECLINE FROM 2019 WHEN
IT MADE AT LEAST $440 MILLION.
ITS STILL A RELATIVELY LARGE
BUSINESS.
DONALD TRUMP HAS WORKED HARD TO
MAKE SURE THAT REMAINS IN THE
HANDS OF A VERY SMALL NUMBER OF
PEOPLE.
STILL A PRIVATE COMPANY.
A FEW EMPLOYEES BESIDES TRUMP
HIMSELF HAVE MUCH POWER.
YOU HAVE THE CHIEF OPERATIONS
OFFICER, CHIEF FINANCIAL OFFICER
ALLEN WEISSELBERG AND TRUMPS
CHILDREN, OR SOME OF THEM.
EACH OF THOSE PEOPLE HAVE MORE
EXPOSURE AS THE NEW YORK
DISTRICT ATTORNEY AND THE
ATTORNEY GENERALS INVESTIGATION
CONTINUES, BECAUSE THERES ONLY
A LIMITED NUMBER OF PEOPLE YOU
CAN BLAME.
LEGAL EXPERTS ARE NOW POINTING
TO FORMER FIRST DAUGHTER AND
ADVISOR TO THE PRESIDENT, IVANKA
TRUMP AS THE NEXT MEMBER OF THE
INNER CIRCLE WHO SHOULD BE VERY
CONCERNED.
LIKE ALLEN WEISSELBERG, SHE WAS
REPORTEDLY PAID CONSULTING FEES
WHILE SHE WAS AN ACTIVE
EMPLOYEE.
THAT COULD OPEN HER UP TO TAX
FRAUD CHARGES AS WELL.
A FORMER FEDERAL PROSECUTOR IS
PREDICTING IVANKA COULD BE NEXT.
CYNTHIA, TAKE ME THROUGH YOUR
THINKING.
I HAVE SEEN A NUMBER OF PEOPLE
WHO ARE INFORMED AND SMART ON
THIS SUGGEST SIMILAR OR ALONG
THESE LINES, THERES REASONS TO
BE WORRIED IF YOU ARE IVANKA.
WHY?
>> HERE IS WHY.
WHAT WE KNOW FROM THE
WEISSELBERG INDICTMENT IS THAT
THERES A PERVASIVE SCHEME AT
THIS COMPANY OF TAX FRAUD.
THERES A SECOND SET OF BOOKS
WHICH IS PRETTY DETAILED.
THERE ARE LOTS -- SEVERAL PEOPLE
INVOLVED IN THE SCHEME.
DIFFERENT PEOPLE ARE SIGNING
CHECKS.
THERES WITNESSES THERE.
ITS HARD FOR ME TO BELIEVE THAT
THE TRUMP ORGANIZATION WOULD
DECIDE, WERE GOING TO SAVE
ALLEN WEISSELBERG ALMOST A
MILLION DOLLARS IN TAXES BUT
WERE NOT GOING DO IT FOR
ANYBODY ELSE.
I DONT BELIEVE THAT.
I DONT BELIEVE THEY WOULD DO
THAT AND NOT DO IT FOR HIGHER
UPS IN THE COMPANY.
RIGHT NOW, WHAT WE HAVE IS A
SITUATION WHERE THE ONLY PERSON
INDICTED IS ALLEN WEISSELBERG.
NOBODY NAMED TRUMP.
I FIND THAT HARD TO BELIEVE THAT
THE SCHEME DIDNT INCLUDE THEM.
WHETHER OR NOT THEY CAN PROVE
IT, SEPARATE THING.
I DO THINK THAT BECAUSE OF THE
PERVASIVE SCHEME AND BECAUSE WE
HAVE KNOWN SINCE NOVEMBER OF
2020 THAT SHE HAS THIS ISSUE
ABOUT PAYMENTS, AND THE ISSUE IS
THIS.
AT SOME POINT IN 2017, SHE WAS
PAID $2.2 MILLION FROM TRUMP
ORGANIZATION.
ALSO, THERE IS A QUESTION OF
WHETHER OR NOT SHE GOT $750,000
IN CON SULTSSULTING FEES.
EITHER YOU ARE AN EMPLOYEE OR AN
INDEPENDENT CONTRACTOR.
YOU ARE NOT BOTH.
>> CORRECT.
>> SOMEBODY IM SURE -- SOME
BRILLIANT TAX PERSON IN THE NEW
YORK D.A.S OFFICE IS LOOKING AT
THIS ISSUE WITH A LASER FOCUS.
IT SEEMS TO ME A LOGICAL PLACE
TO BE LOOKING.
>> TWO THINGS.
ON THE LATTER POINT, THAT EVEN
WHEN WE FOUND THAT OUT, THAT WAS
A HEAD SCRATCHER FOR ANYONE EVEN
VAGUELY FAMILIAR WITH THE TAX
CODE.
PEOPLE ALL THE TIME, THEY WILL
BE AN EMPLOYEE AND MAYBE THEY
LEAVE AND THEY DO SOME
CONSULTING AFTERWARDS, PART-TIME
ON THE SIDE.
YOU CANT CONSULT AND BE AN
EMPLOYEE FOR THE SAME PLACE,
ALMOST AS A MATTER OF
DEFINITION, THAT LOOKED WEIRD
EVEN WHEN WE FOUND OUT ABOUT IT
KNOWING NOTHING ELSE.
>> IT LOOKS FISHY.
IF YOU ADD IT LOOKS FISHY IN A
SWAMP OF TAX FRAUD, THATS WHAT
MAKES ME THINK THATS WHERE THEY
ARE GOING TO LOOK.
THAT MAKES SENSE TO ME.
IT SEEMS TO ME THAT THEY HAVE A
SYSTEM TO SAVE PEOPLE TAX MONEY.
THATS PART OF THE WAY THAT DO
THEIR COMPENSATION.
THATS WHAT WE KNOW FROM THIS
INDICTMENT.
WHETHER OR NOT THEY HAVE THE
GOODS TO PROVE IT, WE WILL SEE.
THAT MAKES SENSE TO ME.
>> THATS SUCH AN IMPORTANT
POINT.
ONE OF THE THINGS I THINK THAT I
NOW UNDERSTOOD HAVING READ THE
INDICTMENT IS THE PERK ISNT THE
CAR OR THE TUITION.
THE PERK IS THE TAX EVASION.
>> RIGHT.
>> THE PERK YOU ARE GIVING THE
EMPLOYEE IS TAX FREE
COMPENSATION, WHICH IN REAL
DOLLAR TERMS IS WORTH 40% TO 50%
MORE, BECAUSE OF THE INCOME
LEVEL YOU ARE AT, WOULD YOUYOU W
A TON IN TAXES.
>> RIGHT.
CERTAINLY, THIS IS NOT THE
BIGGEST TAX CASE IN THE HISTORY
OF TIME.
I DONT THINK THERES ANY
QUESTION ABOUT THAT.
IF YOU ARE GETTING $235,000 IN A
GIFT OF GETTING -- OF NOT HAVING
TO PAY TAX ON THAT OR YOU ARE
GETTING -- THATS PRETTY SWEET.
THATS EXACTLY WHAT THE GIFT IS.
AND HAVING SAID THAT, IT