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Shop NowThe case against Trump’s business in New York produced some rather interesting testimony this week that could hurt Trump in the 2024 election cycle.
While Trump is not personally accused of any wrongdoing, testimony by a former accountant shows that Trump has been having financial issues for years.
In fact, over a two-year period, Trump reportedly lost almost $1 billion.
Always Losing
Donald Bender, a partner at accounting firm Mazars USA, had done Trump’s taxes from 2009 to 2018.
He testified that during the 2009 and 2010 years, Trump lost roughly $900 million combined.
He further stated that Trump has lost money every year he had done Trump’s tax returns.
The one positive thing that came out of all of this was that Bender confirmed that Trump had nothing to do with the tax scandal the company is currently being investigated for.
Former CFO Allen Weisselberg has also testified that it was his personal greed, not anyone in the Trump organization, that led to the alleged tax fraud.
Weisselberg was one of several Trump staffers that was allegedly receiving off-the-book benefits that helped both parties avoid paying taxes on the benefits.
If found guilty, Trump’s company is facing upwards of $1.6 million in fines.
From a campaign perspective, the financial woes are a much bigger problem for Trump, as the whispers are now being revived from 2016 that Trump was only running to financially benefit from being elected.
Source: New York Post
