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Goldstein Denies Intent as Cross-Examination Zeroes In on Spending in Tax Trial

Jury deliberations could begin next week following the prosecution's case.

Overview

  • On the stand, Tom Goldstein accepted responsibility for tax filing mistakes yet insisted he did not willfully break the law and cited reliance on advisers.
  • He admitted downplaying about $15 million in gambling debts on mortgage applications, saying he sought to keep the scope from his wife.
  • Prosecutors pressed him over a $225,000 Bentley, club splurges and costly rentals while he owed the IRS; he called the spending embarrassing but not illegal.
  • Jurors have heard more than a dozen witnesses, including IRS agents, law-firm figures and high-stakes players, with the defense set to resume Monday and closings expected soon.
  • His testimony described complex poker finances, asserting overall losses and a 2016 over-reporting of $2.7 million in winnings, and touched on ties to figures such as Paul Phua.