Manhattan DA to charge Trump Org this week: report

Indictment would mark first criminal charges against former president’s company

National /
Jun.June 30, 2021 03:00 PM
President Donald Trump and Manhattan District Attorney Cyrus Vance (Trump by BRENDAN SMIALOWSKI/AFP via Getty Image; Vance by Kevin Hagen/Getty Images)
President Donald Trump and Manhattan District Attorney Cyrus Vance (Trump by BRENDAN SMIALOWSKI/AFP via Getty Image; Vance by Kevin Hagen/Getty Images)

The Manhattan district attorney’s office is planning to charge the Trump Organization and its chief financial officer with tax crimes on Thursday, according to a report.

The Trump Organization and Allen Weisselberg, the company’s longtime CFO, are expected to face charges related to tax evasion on fringe benefits, the Wall Street Journal reported, citing sources familiar with the matter.

An indictment would mark the first criminal charges against the former president’s real estate company and could lead to more charges. Trump is facing a separate investigation by the New York state attorney general.

The former president is not expected to be personally charged, according to his lawyer, the Journal reported.

Both the Manhattan district attorney’s office and New York state attorney general’s office were looking into whether Trump employees such as Weisselberg skirted paying taxes on company perks such as cars, apartments and school tuition, which are considered taxable benefits.

The former president has denied wrongdoing, claiming the charges are politically motivated. He said in a statement earlier this week that the case is made up of “things that are standard practice throughout the U.S. business community, and in no way a crime.”

Word leaked in May that prosecutors were probing tuition payments for Weisselberg’s two grandchildren at Columbia Grammar & Preparatory School. The children’s mother, Jennifer Weisselberg, told the Journal that checks signed by either Weisselberg or Trump paid $500,000 in school costs from 2012 to 2019.

According to a recent report by the New York Times, Trump Organization attorneys met on Monday with prosecutors in an attempt to ward off criminal charges against the company.

[WSJ] — Keith Larsen


Related Articles

arrow_forward_ios
Brian Chesky (Credit: Richard Bord/Getty Images, Airbnb, and iStock)
Airbnb sues booking guest over unauthorized house party
Airbnb sues booking guest over unauthorized house party
Clare Bronfman and 8517 Franklin Avenue (Patrick McMullan/Getty, Zillow)
Heiress and sex cult financier sues over West Hollywood swimming pool
Heiress and sex cult financier sues over West Hollywood swimming pool
NAR CEO Bob Goldberg (iStock)
NAR pockets win in resi listings antitrust case
NAR pockets win in resi listings antitrust case
712 Olive St. (Credit: Google Maps)
Lawsuits force Atlas Capital’s DTLA project to chart new path
Lawsuits force Atlas Capital’s DTLA project to chart new path
6100 Wilshire Blvd. (Credit: Google Maps)
Hakim family siphoned rent money instead of paying full mortgage on Onyx Tower: lawsuit
Hakim family siphoned rent money instead of paying full mortgage on Onyx Tower: lawsuit
Kevin Garnett and his Malibu property (Credit: Streeter Lecka/Getty Images, and Hilton & Hyland)
Kevin Garnett out of bounds with nonpayment on mansion work, lawsuit alleges
Kevin Garnett out of bounds with nonpayment on mansion work, lawsuit alleges
Steve Ballmer purchases The Forum for $400 m.
Ballmer buys Forum for $400M
Ballmer buys Forum for $400M
Stuart Rubin (l) and Gary Stiffelman in front of hotel rendering.
Embattled Coachella hotel developer to auction Beverly Hills manse
Embattled Coachella hotel developer to auction Beverly Hills manse
arrow_forward_ios

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

Loading...