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.
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