Trump Organization accused of implementing 15-year tax regime for employees

Mr. Trump won the presidency by posing as a political foreigner with the business acumen to shake up Washington. But the company whose name he made famous on his reality TV show “The Apprentice” could eventually be associated as much with criminal charges as with the hotels and golf courses that bear his name. If the company is found guilty, it faces fines or other penalties.

In the next phase of the larger investigation into Mr. Trump and his company, prosecutors should continue to examine whether the Trump Organization manipulated property values ​​to obtain loans and tax benefits, among other potential financial crimes, according to people familiar with the matter. .

Letitia James, the New York attorney general, said in a statement that the investigation will continue.

An accountant who began his career working for Mr. Trump’s father nearly half a century ago, Mr. Weisselberg was the financial custodian of the Trump Organization for more than two decades and most recently ran the company. with Mr. Trump’s adult sons while Mr. Trump was in the White House.

Famous for his hard work – he once said he took “no vacation” – Mr. Weisselberg gained an unparalleled insight into the inner workings of the company and his hand-to-hand brawls with business partners . Mr. Weisselberg “knows every penny that comes out of the building,” wrote Corey Lewandowski, a former Trump campaign official, in the book he co-authored, “Let Trump Be Trump.”

Mr Weisselberg, who is 73, could still cooperate with prosecutors. If he ultimately pleads guilty and makes a deal, he could do considerable damage to Mr. Trump, who for decades depended on his unwavering loyalty, once stating with “100%” certainty that Mr. Weisselberg will not. hadn’t betrayed him.

The two began working closely together in the late 1970s, with Mr. Weisselberg spending time at night and on weekends managing projects for Mr. Trump, his boss’s ambitious son, Fred Trump. Mr. Weisselberg said in a 2015 deposition that he has been helping with Mr. Trump’s tax returns since at least the 1990s, when Mr. Trump appointed him as the organization’s chief financial officer.


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About Mary Moser

Mary Moser

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