The Financial Director of Trump Organization Accused of Tax Fraud

The former President Donald Trump’s corporation and its chief financial officer Allen Weisselberg were indicted by a New York prosecutor for tax fraud. For what was considered a “sweeping and audacious” scheme, the executive director of the Trump emporium received at least $ 1.7 million in compensation off the books.

The cash offsets were apparently made up of apartment rentals, car payments, and even school tuition. This is the first criminal case against the investigation by the New York authorities after a two-year investigation against former President Trump. The indictment notes that from 2005 to 2021, Allen Weisselberg and the Trump organization lied to New York State regarding taxes by paying top executives off the books.

Carey Dunne, the prosecutor handling the case, mentioned that this scam scheme has been in the works for more than ten years. For their part, the Trump Organization and the chief financial officer have pleaded not guilty to any charges. Weisselberg hid being a resident of New York City to avoid canceling the income taxes the city requires. The executive’s attorneys said he would fight these charges in court and said that the accusations against his client are misleading.

To prevent Weisselberg from leaving the country, given the risk of flight due to access to private planes, the court ordered him to hand over his passport, and then he was released without bail. Prosecutors are believed to try pressurizing the chief financial officer of the Trump companies to cooperate with the investigation against the company. In this regard, Ivanka Trump spoke of Weisselberg as someone fiercely loyal who has been by the side of her father and the Trump family for decades, so she doubts that he will turn against them.

For the Trump organization, this lawsuit is about a political issue and not about justice. 

In this sense, ex-president Trump did not answer any questions about the case, although he did set his position against the New York prosecutors, assuring that they are totally impartial, rude, and unpleasant.

For Donald Trump, the actions of his companies are standard practice within the American business environment, quite far from a crime. The Manhattan District Attorney Cyrus Vance Jr. has had a long legal battle to obtain Trump’s tax records, in addition to accessing senior company executives and others who can offer first-hand information of the ex-president. The Trump Organization is managed by Donald Jr. Trump and Eric Trump, sons of the former president, and is the commercial entity through which Trump manages all his financial affairs, his investments, his properties, which include hotels, golf courses, etc. Weisselberg began working with Trump’s father as an accountant in 1973 and rose through the ranks over time.