Greg Farrell

The lawsuit alleges that Jim Chanos "planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing."

The president's son's lawyers filed a flurry of motions in the federal court seeking to have the tax charges dismissed.

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

Despite repeated encouragement by his accountant, Biden never signed or submitted his returns.

Prosecutors have told Allen Weisselberg, who is serving a jail sentence for tax fraud, that they are prepared to file new charges against him.

The real punishment lies in the potential long-term blowback to the former president's business, going beyond reputational damage to freezing it out of coveted deals, bank loans and government contracts.

Last week's convictions of two Donald Trump companies for criminal tax fraud may help ensure Trump's business remains under court-ordered supervision, former Manhattan district attorney Cyrus Vance Jr. said.

CFO Weisselberg used the free cash to live large, saving the Trump Organization from paying taxes on it as well.

It is the first time a Trump business has been convicted of criminal conduct and comes as the former president is running for a second term.

Prosecutors worked to show that Trump executives, including former CFO Allen Weisselberg, evaded taxes on perks such as free apartments and luxury cars.

In his closing statement at the end of the month-long trial, Assistant DA Joshua Steinglass blasted claims by lawyers for the two Trump companies that former CFO Allen Weisselberg had acted alone.

The criminal tax fraud case against a pair of Trump Organization companies playing out in a Manhattan courtroom this month went all the way to trial because of one man: Donald Trump.

The Trump Organization's longtime chief financial officer, Allen Weisselberg, testified that greed fueled a scheme he says he engaged in with the firm's controller and the two Trump companies standing trial.

Allen Weisselberg told the jury that soon after he pleaded guilty, the firm booted him off the prestige floor on which Donald Trump worked.

The criminal tax fraud trial of two Trump Organization companies saw some drama — and a win for the prosecution.

Donald Trump himself was aware of allegedly abusive tax practices at his company, testimony at the criminal fraud trial of two Trump Organization business units suggested.

Jurors in the Trump Organization's criminal tax fraud trial saw how longtime CFO Allen Weisselberg collected a host of perks, including a rent-free apartment.

Potential jurors are told they will be hearing a lot about Excel spreadsheets and corporate ledgers.

Donald Trump, his older sons and his daughter Ivanka are among those who may be called to testify.

One of Donald Trump's most loyal deputies will testify against the Trump Organization, in a trial that threatens to reveal the inner workings of the real estate empire.