The Manhattan district attorney’s office is expected to charge the Trump Organization and its chief financial officer with tax-related crimes on Thursday, people familiar with the matter said, which would mark the first criminal charges against the former president’s company since prosecutors began investigating it three years ago.
The charges against the Trump Organization and Allen Weisselberg, the company’s longtime chief financial officer, are a blow to former President Donald Trump, who has fended off multiple criminal and civil probes during and after his presidency. Mr. Trump himself isn’t expected to be charged, his lawyer said. Mr. Weisselberg has rejected prosecutors’ attempts at gaining his cooperation, according to people familiar with the matter.
The defendants are expected to appear in court on Thursday afternoon, the people said….
The Manhattan DA’s office has informed the Donald Trump’s office that they will probably get a grand jury to hand up criminal charges against his business organization and some connected to it….
They are NOT looking to charge the ex-President…
This is what one would assume was going to happen all along….
Donald Trump, was and still is a business man….
The DA is going after his money…..
This WILL affect Trump politically also….
We’ll have to see to what extent…
But it will garner his attention….
The DA’s office along with the New York State Attorney general are going over Trump and his families financial dealing faith microscope….
Their criminal finding’s could very well lead to New York State and IRS underpayment’s and fraud charges on the Federal level and in other states….
This will also affect his business contacts and credit which wasn’t much before anyways….
The Manhattan district attorney’s office has informed Donald J. Trump’s lawyers that it is considering criminal charges against his family business, the Trump Organization, in connection with fringe benefits the company awarded a top executive, according to several people with knowledge of the matter.
If the case moves ahead, the district attorney, Cyrus R. Vance Jr., could announce charges against the Trump Organization and the executive, Allen H. Weisselberg, as soon as next week, the people said.
The criminal charges would be the first to emerge from Mr. Vance’s long-running investigation into Mr. Trump and his business dealings, and raise the startling prospect of a former president having to defend the company he founded and has run for decades.
While the prosecutors had been building a case for months against Mr. Weisselberg, the Trump Organization’s chief financial officer, as part of an effort to pressure him to cooperate with the inquiry, it was not previously known that the company also might face charges….
It would be highly unusual to indict a company just for failing to pay taxes on fringe benefits, said several lawyers who specialize in tax rules. None of them could cite any recent example, noting that many companies provide their employees with perks like company cars.
Still, an indictment of Mr. Trump’s company could deal a significant blow to the former president just as he has flirted with a return to politics…
It is unclear whether Mr. Trump will ultimately face charges himself. The investigation, which began three years ago, has been wide-ranging, examining whether the Trump Organization manipulated the value of its properties to obtain favorable loans and tax benefits, people with knowledge of the matter have said….
In the coming days, Mr. Trump’s lawyers might still argue that any charges against the company could take a serious financial toll. Criminal charges, even against private companies like the Trump Organization, can threaten reputations and relationships with banks and business partners.
Companies, like people, can be tried for crimes, and if they are convicted or plead guilty, they can face fines and other penalties…
The NY State Attorney General’s office already shut down Trump’s Foundation for bad practices….