Criminal cases expected against Trump’s company on Thursday, according to reports

Former US President Donald Trump’s company of the same name and his chief financial officer are expected to face criminal charges on Thursday by prosecutors in Manhattan, a person familiar with the case said Wednesday.

The indictment by Manhattan District Attorney Cyrus Vance is expected to focus on whether Trump Organization CFO Allen Weisselberg and other officials received perks and benefits, such as rent-free apartments and leased cars without properly reporting them on their tax returns, people have said. those familiar with the research said .

Speaking on condition of anonymity, the person familiar with the case said Weisselberg and the company are expected to face charges Thursday.

Weisselberg is expected to turn himself in to authorities Thursday morning, CNN reported, citing unnamed sources.

Trump’s attorney Ronald Fischetti told Reuters on Monday that prosecutors suggested the charges would be related to taxes and benefits and that Trump himself would not be charged in the indictment.

“This will be their first strike,” Fischetti said of the prosecutors, adding that when meeting them last week, they said they were still conducting their investigation.

Mary Mulligan, a lawyer for Weisselberg, declined to comment on possible allegations. Vance’s office also declined to comment. Attorneys for the Trump Organization did not immediately respond to requests for comment.

During a trip to Weslaco, Texas, near the Mexican border on Wednesday to criticize President Joe Biden’s immigration policies, Trump did not respond to questions from reporters about the criminal charges.

In a statement on Monday, Trump called prosecutors biased and said his company’s actions “were not a crime in any way.”

The Trump organization could face fines and other penalties if convicted.

Indictments could also increase pressure on Weisselberg to cooperate with prosecutors, which he has opposed. Weisselberg is a close confidant of Trump, making his cooperation potentially crucial to any future case against the former president.

Court records, public records and subpoenaed documents have shown that Weisselberg and his son Barry received benefits and gifts potentially worth hundreds of thousands of dollars, including many benefits related to real estate.

The case could be sued by the company as a scheme to pay people off the books to hide assets for many years.

One possible charge would be “scam scheme,” according to New York attorney Marc Scholl, a former district attorney in the DA’s Manhattan office.

“‘Scheme to fraud’ is a crime that allows the prosecution to provide a story in the indictment that describes the criminal behavior and how it originated, regardless of how long ago the crime began,” Scholl said.

Prosecutors in Vance’s office last fall accelerated their focus on the Trump organization’s use of perks and benefits. The office of New York State Attorney General Letitia James, who had also investigated the Trump organization, said in May that the investigation had turned into a criminal investigation and that it had joined forces with the office of vance.

Vance, a Democrat, has examined a range of possible wrongdoings in his nearly three-year investigation, including whether Trump’s company manipulated the value of its real estate to lower its taxes and secure favorable loan terms.

Before entering the White House in 2017, Trump placed his company in a trust overseen by his adult sons and Weisselberg, who has kept its finances in tight control. It is unclear what role Trump now has at the company.

The case could also complicate Trump’s political future as he flirts with a possible White House run in 2024.

Jennifer Weisselberg, the former wife of Barry Weisselberg, has met with prosecutors six times.

Her attorney, Duncan Levin, told Reuters on Wednesday that “Jen has been collaborating with prosecutors for the past six months. We have handed them a mountain of evidence to support these charges. We are very pleased that the OM office is moving forward with these allegations. “

In an interview with MSNBC, Jennifer Weisselberg said she would be willing to testify, adding, “My documents at the moment are witnesses themselves. They are being used and they are being guided by the grand jury panel.”

“We’ve reviewed questions regarding compensation, perks and taxes to see how we can inform a grand jury,” she added.

(REUTERS)

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More