Trump company's CFO surrenders ahead of expected unveiling of criminal tax charges

Record ID: 1624464

  • Title: Trump company's CFO surrenders ahead of expected unveiling of criminal tax charges
  • Date: 1st July 2021
  • Summary: NEW YORK, NEW YORK, UNITED STATES (RECENT) (REUTERS) VARIOUS OF EXTERIOR OF TRUMP TOWER
  • Embargoed: 15th July 2021 14:15
  • Keywords: Allen Weisselberg Donald Trump Trump Organization CFO Vance
  • Location: NEW YORK, NEW YORK, UNITED STATES
  • City: NEW YORK, NEW YORK, UNITED STATES
  • Country: USA
  • Topics: Crime/Law/Justice,Judicial Process/Court Cases/Court Decisions,United States
  • Reuters ID: LVA004EK0C9QF
  • Aspect Ratio: 16:9
  • Story Text: The Trump Organization's longtime chief financial officer Allen Weisselberg surrendered to authorities on Thursday (July 1), as he and Donald Trump's namesake company prepare to face the first charges from a criminal investigation.
    Weisselberg, who helped run Trump's real estate empire during his presidency, entered a building housing Manhattan's criminal court.
    He and the Trump Organization are expected to be arraigned later in the day, a person familiar with the matter has said.
    The exact charges being brought by the district attorney, Cyrus Vance, were not immediately known. Vance's office has been working with investigators from the office of New York Attorney General Letitia James.
    An indictment of the Trump Organization could undermine the company's relationships with banks and business partners, and complicate Trump's political future as he contemplates running again for president in 2024.
    In a statement, the Trump Organization said Vance was using Weisselberg, who has worked for the Trump family business for 48 years, "as a pawn in a scorched earth attempt to harm the former president."
    "This is not justice; this is politics," the company said.
    Trump himself is not expected to be charged this week, though prosecutors have said their probe into his company is continuing, his lawyer Ronald Fischetti has said.
    The former president, a Republican, has denied wrongdoing, and called the probe a "witch hunt" by politically-motivated prosecutors. Vance and James are both Democrats.
    Thursday's charges are expected to focus on whether Weisselberg and other executives received perks and benefits such as rent-free apartments and leased cars, without reporting them properly on their tax returns, people familiar with the probe have said.
    Mary Mulligan, a lawyer for Weisselberg, has declined to comment on possible charges.
    (Production by: Aleksandra Michalska, Soren Larson and Dan Fastenberg)
  • Copyright Holder: REUTERS
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