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Trump charged: NYC prosecutors target taxes

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Prosecutors in New York have officially charged the Trump Organisation, Trump Payroll Corporation and CFO Allen Weisselberg with 15 counts of felony.

This follows investigations into an alleged tax avoidance scheme from 2005, with the three parties being charged with a scheme to defraud, conspiracy, criminal tax fraud and falsifying business records. 

The charges were laid down by the Manhattan district attorney… with this office being the first to formally charge the former President’s company with criminal offences.

Trump has hit back at the claims, saying in a statement “the political Witch Hunt by the Radical Left Democrats, with New York now taking over the assignment, continues. It is dividing our Country like never before!”

Prosecutors say they have evidence of a 15-year tax scheme, with allegations the C-F-O evaded $1.7 million worth of income taxes.

They will rely on digital drives with grand jury testimony, bookkeeping records, tax records, and statements of potential witnesses.

The lead prosecutor says they have asked for Weisselberg’s passport to be taken as they are concerned he is a flight risk.

Meanwhile, the Trump Organisation’s main attorney believes “if the name of the company was something else, I don’t think these charges would have been brought.”

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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