The indictment came at a time when the company's hotels and resorts were already reeling from coronavirus shutdowns and a blowback from the bloody Jan. Weisselberg and the Trump Organization both pleaded not guilty. Other unnamed employees also benefited from the alleged scheme, which prosecutors called “sweeping and audacious.” Those included payments for Mercedes cars, private school tuition for his grandchildren, apartment rent, and apartment furnishings. In the indictment on July 1, the Manhattan district attorney also charged the Trump Organization with fraud, alleging it helped Weisselberg cheat tax authorities by funneling more than $1.7 million in off-the-books perks and bonuses. The lost positions were earlier reported by the Wall Street Journal and the New York Times. What does it mean for your loan, your permits, your business contracts?’” “They have something to say when their business partners ask, ‘We saw these charges. Alonso, former chief assistant district attorney in the Manhattan district attorney's office. “This may all be part of them trying to look good to the outside world," said Daniel R. Companies will often push out indicted top executives to reestablish trust so they can continue to borrow and strike deals. 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. He retains his role as chief financial officer of the parent company. 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.Īllen 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.
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