Trump Organization, CFO Just Got Smacked With Official Indictments For Tax Crimes

Donald Trump speaking at CPAC 2011 in Washington, D.C.

Photo via Gage Skidmore/Flickr (CC BY-SA 2.0)

July 1, 2021, 10:42 am

A New York grand jury has officially issued the highly expected indictments against both the entire Trump Organization as well as its chief financial officer Allen Weisselberg for 15 charges including grand larceny, falsifying business records, fraud, and conspiracy. The New York Times reported just days ago that they would land soon and that Weisselberg intended to surrender himself to authorities, which he did this morning.

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These indictments have been a long time coming, with many speculating that Weisselberg had been funneling cash from the organization to his own pockets, allegedly buying cars, apartments, and a spot in a private school for his grandkid, without paying taxes on these “benefits.”

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Theories abound that the indictment of Weisselberg and the Trump Organization is part of a larger plan to eventually get at Donald Trump himself, now that he is no longer protected by the office of the president, potentially by getting the CFO to flip by threatening him with jail time. The charges also further damage the Trump name as he resumes holding rallies in the hope of once again taking on Joe Biden after losing to him in 2020.

Of course, becoming president again might be the only way Trump could hope to avoid seeing the inside of a prison cell, although even that unlikely scenario would only shield him for an additional four years.

Weisselberg began working for Donald Trump’s father, Fred Trump, nearly 50 years ago as an accountant and was the Trump Organization CFO for nearly two decades, all the while remaining loyal to the family and “whatever was necessary to protect the bottom line,” according to the former president. The investigation into his alleged tax fraud is just one of several investigations around the Trump Organization and Trump himself in what his critics are hoping is a wider strategy to ensure he sees some kind of justice for the many crimes he has been accused of.

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Predictably, Trump has dismissed the indictments as a form of political persecution against him, specifically, playing the victim as usual.

In addition to threatening him politically, lead counsel of the House impeachment inquiry Daniel Goldman has said that the indictments will likely create serious financial problems for the organization as it would result in all those it has borrowed money from demanding their money back.

Even more interesting are the statements from Weisselberg’s daughter-in-law, Jennifer Weisselberg, who helped blow the whistle on Trump and his organization. On Wednesday, she told MSNBC that the only reason her father-in-law has not flipped on Trump already is because the family is holding evidence of the crimes he was likely just indicted for over his head, which is a whole other crime.

Jennifer, who divorced her husband in 2018 on the grounds that he had abused her for years, is actively assisting the investigation against her father-in-law and the Trump Organization.

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*First Published: July 1, 2021, 10:42 am

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