Cohen’s testimony brings Trump Organization CFO — and his family — into the limelight

Allen Weisselberg "probably will" be called before the House Committee on Oversight and Reform

TRD New York /
Mar.March 03, 2019 12:47 PM

Michael Cohen and Allen Weisselberg (Credit: Getty)

A long-time Trump Organization executive, who got his start with the Trump family as an accountant for Fred Trump, is “probably” going to get called to appear before the House Committee on Oversight and Reform.

President Donald Trump’s long-time accountant and Trump Organization CFO Allen Weisselberg was mentioned over 20 times in Michael Cohen’s testimony before Congress last week, the New York Times reported.

Based on that testimony, Weisselberg’s role in the president and his real estate company’s finances is likely to bring the accountant under scrutiny. After the congressional hearing, the House Committee’s chairman Elijah Cummings said he “probably will” call more witnesses, including Weisselberg.

Meanwhile, Cohen’s statements last week have already brought Weisselberg’s — and his sons’ — decades-long relationship with the Trump real estate empire to the fore in a Times report published a day after the hearing.

In 2000, Weisselberg reportedly bought a one-bedroom apartment at Trump Parc East for $152,500. He then transferred the property to his son, Jack, who sold it for four times his father’s investment in 2006, according to the Times.

Since 2008, Jack Weisselberg has worked at Ladder Capital, a commercial-focused real estate investment trust, where he is the executive director of the origination team.

The Times reported that, according to LinkedIn, the CFO’s other son, Barry, has been the property manager of Trump Wollman Rink for 17 years. (His LinkedIn profile is no longer available on the site.)

If Cummings does call Trump’s long-time accountant to appear before the congressional committee, it won’t be the first time Weisselberg has gotten tapped to share his knowledge of the president and his company’s dealings.

The CFO was granted “limited” immunity by federal prosecutors last August to testify before a grand jury about Cohen’s role in paying off adult-film star Stephanie Clifford and former Playboy model Karen McDougal as part of a criminal investigation. [NYT] — Erin Hudson


Related Articles

arrow_forward_ios
President Donald Trump and Manhattan District Attorney Cyrus Vance (Trump by BRENDAN SMIALOWSKI/AFP via Getty Image; Vance by Kevin Hagen/Getty Images)

Trump Org may be focus of broader fraud investigation by Manhattan DA

Trump Org may be focus of broader fraud investigation by Manhattan DA
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
Assemblyman Harvey Epstein and Senator Brad Hoylman (Epstein by Erik McGregor/LightRocket via Getty Images; Hoylman by Roy Rochlin/Getty Images)

Lawmakers introduce bill to keep rent regulation alive

Lawmakers introduce bill to keep rent regulation alive
China’s housing market is into bubble territory

There are fears of a great housing bubble in China

There are fears of a great housing bubble in China
Governor Andrew Cuomo (Getty, iStock)

What NYC’s phase 4 means for real estate

What NYC’s phase 4 means for real estate
Hong Kong

Foreign firms are vacating Hong Kong offices like never before

Foreign firms are vacating Hong Kong offices like never before
Mayor Bill de Blasio (Getty, Wikimedia)

Landlords challenge city laws protecting non-paying businesses

Landlords challenge city laws protecting non-paying businesses
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...