Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (239) 466-0400
Apply Now

Trump Organization CFO surrenders ahead of expected charges

Trump Organization chief financial officer Allen Weisselberg surrendered to the Manhattan district attorney’s office Thursday morning ahead of expected criminal charges against him and the company in connection with alleged tax crimes.

Weisselberg is set to be arraigned later Thursday at a lower Manhattan courthouse, reported CNN.

The indictments were filed Wednesday by a Manhattan grand jury and they are set to be unsealed Thursday around 2 p.m. ET.

The exact type or number of charges they are expected to face is not clear.

Though former President Donald Trump faced multiple federal and state prosecutorial inquiries during his administration, the district attorney’s indictment would be the first to charge his namesake company, the Trump Organization, for conduct that occurred when he led it, reported CNN.

Trump himself is not expected to be charged, his attorney has said.

The indictment of the Trump Organization is the product of more than two years of investigation by the district attorney, Cyrus Vance Jr., a probe that began with questions about accounting practices tied to hush-money payments made by former Trump lawyer Michael Cohen and eventually led to a Supreme Court fight over a subpoena for Trump’s tax documents, reported CNN.

It’s rare for prosecutors to bring charges solely related to fringe benefits provided by a company. In recent weeks, lawyers for the Trump Organization met with prosecutors hoping to get them to not bring the case.

“It’s outrageous. It’s unprecedented. It’s never happened before,” Trump attorney Ron Fischetti said last week regarding a company being indicted in connection with failing to pay taxes on benefits.

Over the course of the probe, prosecutors have examined a wide array of possible violations, including whether the real-estate company misled lenders and insurers or committed tax fraud, even adding a special prosecutor, Mark Pomerantz, to aid in the expansive inquiry. But in recent months, the focus has narrowed to taxes on benefits, reported CNN.

In particular, it came to center on Trump’s longtime lieutenant Weisselberg, a top company executive who has worked for him since 1973.

Documents from Allen’s daughter-in-law Jennifer Weisselberg’s divorce from Allen Weisselberg’s son Barry show thousands of dollars in payments for cars, rent, tuition, medical bills and more going from Allen Weisselberg to his son’s family.

The-CNN-Wire
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

The post Trump Organization CFO surrenders ahead of expected charges appeared first on NBC2 News.

NBC2 (WBBH-TV)

#mortgagenaples, #naplesmortgage, #naplesnews, *Crawl, *Top News, Crime, National & World, News, Politics, Trump CFO, Trump Organization

mortgage lender, mortgage, naples mortgage, naples mortgage rates, napes mortgage company

*Assumes 2.799% APR, 20% down payment, and conforming 30-year fixed rate first mortgage on a single family, primary residence. The monthly payment you enter includes only principal and interest. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan based on the payment entered. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice.  **Posted APR is based on Mortgage Assumptions
 
Copyright © 2021 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Not intended for legal or financial advice, consult your own professionals if such advice is sought. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use