Trump CFO Allen Weisselberg quit roles even before indictment

Executive at ex-president’s firm faces charges of tax fraud and grand larceny

National /
Jul.July 14, 2021 04:00 PM
Trump CFO Allen Weisselberg (Getty)

Trump CFO Allen Weisselberg (Getty)

Trump Organization CFO Allen Weisselberg began to shed his company titles just before he was indicted, new documents show.

Weisselberg began resigning from his dozens of positions in late June, part of a plan to quit every Trump Organization subsidiary where he held a role. Weisselberg wrote a resignation letter on June 25, six days before surrendering to authorities, according to documents obtained by The Washington Post.

A list of positions Weisselberg was resigning from was largely redacted, but the publication reported he has left at least 54 Trump entities. One person familiar with the organization told the newspaper that Weisselberg no longer has any titles in the Trump Organization.

Weisselberg didn’t cite a reason for his resignations, but likely aimed to avoid rattling regulators and lenders. His lawyers had been attempting to stop prosecutors from pressing charges.

On July 1, Weisselberg was indicted on felony charges. He is facing 15 felony counts, including charges of tax fraud and grand larceny.

Prosecutors allege Weisselberg was part of a scheme in which the Trump Organization provided executives lavish benefits, including free rent and tuition, as a form of untaxed compensation. Donald Trump was not indicted, although his firm was.

Weisselberg has pleaded not guilty and has yet to cooperate with investigators.

[WaPo] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Hamptons’ priciest summer rental to host MAGA extravaganza next month
    Donald Trump and the Trump International Hotel & Tower in Chicago (Getty, iStock)
    Donald Trump is owed $1M tax refund on Chicago skyscraper
    Donald Trump is owed $1M tax refund on Chicago skyscraper
    Rep. Alexandria Ocasio-Cortez, President Joe Biden and House Speaker Nancy Pelosi (Getty)
    Democrats urge Biden to extend eviction ban after House effort falls short
    Democrats urge Biden to extend eviction ban after House effort falls short
    Photo Illustration of Donald Trump (Illustration by Kevin Rebong for The Real Deal)
    Treasury Department must give Trump’s tax returns to Congress: DOJ
    Treasury Department must give Trump’s tax returns to Congress: DOJ
    Mayor Steven Fulop (Getty, iStock)
    Jersey City to provide up to $10K more rent relief per tenant
    Jersey City to provide up to $10K more rent relief per tenant
    Susan Rice (Getty, iStock)
    Susan Rice to co-chair home appraisal inequity task force
    Susan Rice to co-chair home appraisal inequity task force
    Rep. Alexandria Ocasio-Cortez and President Joe Biden (Getty)
    Tenant advocates frustrated with Biden’s eviction response
    Tenant advocates frustrated with Biden’s eviction response
    arrow_forward_ios

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

    Loading...