Trump Organization CFO Allen Weisselberg Surrenders to Authorities in New York; Trump Org & Weisselberg Charged With Tax Fraud
The Trump Organization’s longtime chief financial officer Allen Weisselberg, 73, has surrendered to authorities in New York. He surrendered one day after a grand jury indicted him and the Trump company on tax-related charges. In total, prosecutors allege Weisselberg evaded as much as $900,000 in taxes and improperly claimed another $133,000 in tax refunds.
Prosecutor accused Weisselberg of partaking in a "sweeping and audacious" tax fraud scheme that saw him receive more than $1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition. Weisselberg and the Trump Organization were charged with grand larceny, tax fraud, falsifying business records, and conspiracy. The indictment filed Wednesday and unveiled Thursday, alleges that from 2005 to 2021, CFO Allen Weisselberg and the Trump Organization cheated the state and city out of taxes by conspiring to pay senior executives off the books. The indictment also says that Weisselberg concealed that he was a New York City resident to avoid city income tax. Weisselberg was ordered to surrender his passport and labeled a flight risk with access to private jets for foreign travel. He was released without bail and silently left the building. The trial is unlikely before next year. Weisselberg was a Trump executive for four decades.
The organized crime linked Donald Trump slammed the probe and decried it as politically motivated. “They will do anything to stop the MAGA movement (and me),” Experts say the charges against his CFO raised the potential legal jeopardy for Donald Trump. According to former prosecutors, the move to indict Weisselberg may be an attempt by the Manhattan DA to pressure him to cooperate in a wider case against the former U.S. President. The current indictment puts Weisselberg in a situation where he could be given the option to testify against the mob-linked Donald Trump as a star witness to unspecified crimes or plea guilty.
The prosecution initially began their probe by focusing on the Trump Organization’s reimbursement, through Weisselberg’s office, of hush-money payments to several women made by Michael Cohen, Trump’s former personal lawyer, fixer, and confidant.
Read the indictment here: DOWNLOAD
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