Trump Organization chief financial officer Allen Weisselberg exits after his arraignment hearing in New York State Supreme Court in the Manhattan borough of New York City, New York, U.S., July 1, 2021.

The first charges in the Trump Organization investigation were all about CFO Allen Weisselberg.
Prosecutors’ laserlike focus on Weisselberg indicates he’s still key to nailing Donald Trump himself.
Experts say they wouldn’t be surprised if additional indictments, filed against more people, alleged more serious crimes.

See more stories on Insider’s business page.

This month’s 15-count indictment against the Trump Organization and its CFO, Allen Weisselberg, puzzled some observers of the Manhattan district attorney’s long-running investigation into the company’s finances.

Why hadn’t prosecutors indicted Donald Trump himself? Prosecutors only went as far as referencing the ex-president in the indictment and criticizing him in court.

And what about the bigger allegations the DA’s office is reportedly investigating, including the two sets of books the company is said to keep to lower its tax bill while getting good loan rates? Or that Stormy Daniels hush-money payment?

The July 1 grand jury indictment accused Weisselberg and the Trump Organization of participating in a scheme where Weisselberg took in $1.7 million of tax-free compensation over the course of 15 years. Weisselberg and attorneys for the company pleaded not guilty to the charges.

But the investigation is still ongoing. The grand jury is expected to meet through at least November to weigh additional charges. And prior to the first set of charges, prosecutors had gone to great lengths to “flip” Weisselberg into cooperating with the investigation.

Prosecutors’ laserlike focus on Weisselberg remains key to understanding the investigation, legal experts say.

  Del Mar: United, Flavien Prat repeat in Eddie Read Stakes

Weisselberg has worked closely with Trump, who shuns email and rarely leaves a paper trail, for decades. Getting him to cooperate remains one of the only avenues for prosecutors to determine if Trump is implicated in any wrongdoing, according to E. Danya Perry, a defense attorney and former federal and New York state prosecutor.

“You do need the other guy in the room,” Perry told Insider. “And it seems like that would be Weisselberg.”

More indictments are likely

The indictment says Weisselberg was “one of the largest individual beneficiaries of the defendants’ scheme” to take benefits like apartments, cars, and cash from the Trump Organization without paying taxes.

But prosecutors didn’t bring charges against any other individual alluded to in the indictment. That specificity indicates that the first indictment is one small part of a larger case Manhattan prosecutors are still building, Perry says.

“To center their initial underlying indictment on Weisselberg himself makes sense, and it is fairly narrow in scope,” Perry, the co-author of a Brookings analysis on the investigation, said. “It could very well be that this is a shot across the bow – [to show] this is what they have on Weisselberg, and if they can flip him, then they might fold other defendants into this indictment.”

Donald Trump, Allen Weisselberg, and Donald Trump Jr.

Randy Zelin, a former New York …read more

Source:: Business Insider

      

(Visited 1 times, 1 visits today)
News

Leave a Reply

Your email address will not be published. Required fields are marked *