Indicted Trump Organization CFO stripped of several company positions
Molly Crane-Newman and Leonard Greene, New York Daily News
New York, New York – The finance chief of former President Donald Trump's business empire has been removed as an officer at some of the company’s subsidiaries amid charges accusing him and the corporation of a long-running tax fraud scheme.
Trump Organization Chief Financial Officer Allen Weisselberg was indicted earlier in July by the Manhattan district attorney's office in the first criminal case against the former president's namesake company.
The Wall Street Journal reported Monday the removal of the trusted Trump Organization financial veteran could be the first move in other potential changes of the finance chief’s duties.
But Weisselberg (73), who has worked for the family for nearly 40 years, won’t get the boot from the company altogether, the Journal reported, citing unnamed sources.
According to the Journal, Trump Payroll Corp., is one company facing charges in the same criminal case that has ensnared Weisselberg. The company previously listed him as treasurer, director, vice president, and secretary on Florida Department of State business records, the Journal reported.
Trump’s oldest son, Donald Trump Jr., is now on record as its executive vice president, director, secretary, treasurer and vice president. And second son Eric Trump is down as president, director, and chairman on those records, the Journal reported.
Trump Payroll is run by Trump Organization employees and processes payroll for company staff, according to an indictment in New York state court. In 2015 and 2016, Donald Trump was listed as the only officer of Trump Payroll, according to Florida records, the Journal reported. Trump wasn’t charged in the case.
A lawyer for Weisselberg and a representative for the Trump Organization did not immediately respond to requests for comment.
Cover photo: IMAGO / UPI Photo