On Wednesday night, The New York Times reported, “Trump Organization and Top Executive Are Indicted in Tax Investigation.” The executive in question is Allen Weisselberg, the organization’s Chief Financial Officer. The charges are “not immediately clear,” because the indictment has not been unsealed. It is expected to be once Weisselberg and lawyers appear in court, which is expected to be tomorrow.
Nevertheless, there is some speculation. From The Times:
But prosecutors in the Manhattan district attorney’s office have been examining bonuses and luxury perks that Mr. Weisselberg received — including an apartment in Manhattan, leased Mercedes-Benz cars and private school tuition for at least one of his grandchildren — and whether taxes should have been paid on those benefits.
The indictment is a major development in the investigation led by the district attorney, Cyrus R. Vance, Jr., who has been conducting a sweeping inquiry into Mr. Trump and his business dealings along with the New York State attorney general, Letitia James.
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Trump Org, CFO Indicted by New York Grand Jury: Reports
Two people told the Post that Weisselberg is expected to surrender Thursday morning, and later that day, he’s expected to be arraigned in front of a state court judge. The Trump Organization is also expected to be arraigned. The New York Times reported that the indictments would be unsealed following the court appearances.
People familiar with the plans told the Post that charges are not expected against former President Trump himself at this time. . .
The Journal reported that the company and Weisselberg are expected to face charges related to allegations that Trump Organization employees avoided paying taxes on fringe benefits such as cars, apartments and other bonuses they received through the company.
Ronald Fischetti, an attorney representing former President Trump, said in an interview on Monday that Manhattan District Attorney Cyrus Vance Jr.’s office told him it is currently considering charges against the Trump Organization and individual employees for allegedly not paying taxes on company benefits. There are no charges related to hush money allegations or potential fraud regarding property valuations, he said.
via joemiller