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Trump Organization and senior executive charged with tax crimes

Trump Organization and senior executive charged with tax crimes

The Trump Organization and its chief financial officer, Allen Weisselberg, have been charged with tax-related crimes, marking the first criminal charges against the former president’s company following a years-long investigation by New York prosecutors.

Weisselberg, who has worked for the Trump family for nearly 50 years, surrendered to the authorities at the Manhattan criminal courthouse at 6.20am on Thursday and was charged by the Manhattan district attorney with failing to properly report company perks, including rent-free apartments, school fees and cars, in the latest stage of an escalating battle between New York prosecutors and the former president.

Reporters and TV trucks gathered outside the 100 Centre Street courthouse waiting for the hearing to start.

Weisselberg has pleaded not guilty and his lawyers said he would “fight these charges in court”.

In a statement the Trump Organization said: “This is not justice; this is politics.” Weisselberg is “a loving and devoted husband, father and grandfather” who is “being used by the Manhattan district attorney as a pawn in a scorched earth attempt to harm the former president”, the statement read.

While no charges were brought against Trump personally, the move still marks an extraordinary turning point for the former president and more are likely to follow. New York prosecutors are still investigating allegations of “hush money” paid to women who say they had sexual relations with Trump, and claims of real estate price manipulation.

The charges are a severe blow to the Trump Organization, which may now find it more difficult to raise money as the case continues. They also pose a challenge to Trump’s apparent political ambitions. The former president has begun a series of campaign-style rallies and is positioning himself for another run at the presidency in 2024.

Prosecutors have been pressing Weisselberg, 73, to cooperate with their investigations but with little success so far.

No one other than Trump has such a thorough knowledge of the Trump Organization. “They are like Batman and Robin,” Jennifer Weisselberg, ex-wife of Allen Weisselberg’s son Barry, told the New York Times. Jennifer Weisselberg has aided the investigation by the Manhattan district attorney, Cyrus Vance, into Trump’s business after a contentious divorce, supplying 10 bankers boxes of evidence including joint tax documents to investigators.

Duncan Levin, Jennifer Weisselberg’s lawyer, said his client was continuing to cooperate and “stands ready to testify” if and when the case goes to trial.

Michael Cohen, Trump’s former lawyer, testified before Congress in 2019 that Weisselberg helped orchestrate a cover-up to reimburse him for a $130,000 payment made to the adult film actor Stormy Daniels, who has claimed she had sex with Trump.

Cohen also testified that he and Weisselberg concocted phony valuations of Trump’s real estate holdings to devalue assets for tax purposes while inflating them for loan agreements.

Vance and the New York state attorney general, Letitia James, are investigating both those allegations.

Trump referenced the charges at a Fox News town hall on Wednesday. “New York radical left prosecutors come after me,” he said. “You got to always fight. You got to keep fighting.”

More details soon …


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