New York, July 14: The move by Donald Trump’s company to strip its top finance chief from several leadership positions less than two weeks after his criminal indictment suggests it is facing a tricky, new business environment as it seeks to reassure lenders and other business partners.
Allen Weisselberg, the top numbers man for Trump stretching back decades, has lost positions in companies overseeing a Scottish golf course, payroll operations and other businesses under the Trump Organization, according to government registry records. He retains his role as chief financial officer of the parent company.
The moves weren’t unexpected, but they mark a possible delicate stage in Trump’s legal fight with the Manhattan district attorney’s office and his efforts to protect his company. Companies will often push out indicted top executives to reestablish trust so they can continue to borrow and strike deals.
By BERNARD CONDONJuly 14, 2021 GMT
FILE - In this Thursday, July 1, 2021, file photo, Allen Weisselberg, center, departs Manhattan criminal court, in New York. The move by Donald Trump s company to strip its top finance chief, Weisselberg, from several leadership positions less than two weeks after his criminal indictment suggests it is facing a tricky, new business environment as it seeks to reassure lenders and other business partners. (AP Photo/John Minchillo, File)
FILE - In this Thursday, July 1, 2021, file photo, Allen Weisselberg, center, departs Manhattan criminal court, in New York. The move by Donald Trump s company to strip its top finance chief, Weisselberg, from several leadership positions less than two weeks after his criminal indictment suggests it is facing a tricky, new business environment as it seeks to reassure lenders and other business partners. (AP Photo/John Minchillo, File)
Donald Trump s indicted CFO loses titles and roles
By Bernard Condon article
Trump Organization CFO Allen Weisselberg (center, in light blue shirt) leaves a courthouse in Manhattan in New York City, July 1, 2021. (FOX News)
NEW YORK (AP) - The move by Donald Trump s company to strip its top finance chief from several leadership positions less than two weeks after his criminal indictment suggests it is facing a tricky, new business environment as it seeks to reassure lenders and other business partners.
Allen Weisselberg, the top numbers man for Trump stretching back decades, has lost positions in companies overseeing a Scottish golf course, payroll operations and other businesses under the Trump Organization, according to government registry records. He retains his role as chief financial officer of the parent company.
The case was among the first criminal charges resulting from a multiyear investigation into Trump s business dealings by the Manhattan district attorney’s office in tandem with the New York attorney general’s office.
Among Weisselberg s charges are grand larceny for failing to pay taxes on $1.7 million in fringe benefits from the company, including a Mercedes-Benz for his wife, a rent-free apartment in Manhattan s Upper West Side for his son s family and private school tuition for his grandchildren. Prosecutors also allege the former CFO accepted thousands in federal and state tax refunds that he was not entitled to receive. The grand larceny charge carries a maximum sentence of 15 years in prison.