The real estate business of ex-President Donald Trump is bundled in the Trump Organization. Now the company is threatened with charges. Specifically, it is about the CFO Allen Weisselberg.
The New York judiciary could bring charges against the Trump Organization, the real estate empire of former US President Donald Trump, for alleged financial misconduct. The family holding is among other things suspected of tax fraud. Investigators are also targeting the Trump Organization’s chief financial officer, Allen Weisselberg. It is completely open whether legal action could be taken against Trump personally.
At Weisselberg, according to media reports, there is a suspicion that the 73-year-old received additional benefits from the Trump Organization, such as the use of apartments and cars, that were not taxed. The investigators had tried – apparently in vain – to get Weisselberg to testify against Trump.
Since 2019 investigations against Trump and Trump Organization
In the Trump Organization, which consists of hundreds of individual companies, the real estate business of the ex-president is bundled. It owns luxury hotels, golf clubs, residential buildings, and commercial real estate in the United States and abroad. Probably the most famous property is the Trump Tower in New York, where Trump lived for a long time. The 75-year-old also used to own a number of casinos.
Trump took over the family business from his father Fred Trump in the 1970s. After winning the 2016 presidential election and taking office in January 2017, he handed over management of the business to his sons Donald Junior and Eric.
Manhattan District Attorney Cyrus Vance has been investigating Trump and the Trump Organization since 2019. At first it was about hush money payments to the porn actress Stormy Daniels and the former “Playboy” model Karen McDougal, who say they had affairs with Trump years ago.
Donald Trump did not want to issue tax returns
The investigation was then expanded to include possible tax, banking and insurance fraud. Trump’s longtime private attorney Michael Cohen testified at a congressional hearing in February 2019 that Trump had given the value of his real estate too high or too low depending on the interests.
Since last February, prosecutor Vance has had Trump’s tax returns from 2011 after a long legal battle. Trump had resisted the release of the documents and went to the Supreme Court of the country, but lost there.
Last May it was announced that Vance had called a so-called grand jury. The lay judges decide whether or not to bring charges based on the evidence.
New York State Attorney General Letitia James is also investigating the Trump Organization. Vance and James are now cooperating in their investigation. Trump has repeatedly spoken of a politically motivated “witch hunt” against him. Vance and James are members of President Joe Biden’s Democrats.
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