Former President Donald Trump is on trial in New York for allegedly falsifying records of a hush money payment, but his defense attorneys made the case in court this week that the way the Trump Organization recorded the expense was aboveboard.
Jeffrey McConney, a former controller who oversaw accounting at Trump’s company, testified this week about the process of recording the $420,000 that Trump paid his ex-attorney Michael Cohen in 2017. The payment is now at the heart of Manhattan District Attorney Alvin Bragg’s charges against the former president.
McConney explained how the Trump Organization, like many companies, used a computer program to maintain its ledger of expenses and revenue. Entries on the ledger corresponded to various accounting categories, such as utility bills or real estate taxes, and users were limited to the choices available in the computer
Read more…
