The Trump Organization has removed Allen Weisselberg as an officer from dozens of subsidiaries after he was indicted on tax fraud charges,according to a report Monday
The Trump Organization has removed Allen Weisselberg as an officer from dozens of subsidiaries after he was indicted on tax fraud charges,according to a report Monday.
The Wall Street Journal reported that Weisselberg has been dropped from executive positions at several companies including Mar-Lago and Trump Payroll Corp.
The 73-year-old was listed as treasurer, director, vice president and secretary of Trump Payroll, which handles the salaries of staffers in the Trump business empire.
Now Donald Trump Jr. is listed as executive vice president, director, secretary, treasurer and vice president and Eric Trump is listed as president, director and chairman, according to Florida Department of State business records.
It was also reported last week that Weisselberg was terminated as a director at Trump International Golf Club Scotland Limited. The report did not detail the other firms where his roll has changed.
There are also discussions for wholesale changes for Weisselberg’s role in the Trump family business, two weeks after he was dragged into a New York court in handcuffs and accused of running a 15-year tax fraud scheme.
He has pleaded not guilty to 15 state charges, including grand larceny.
However he is expected to remain as CFO at company he has worked at since 1973, according to multiple reports.
Weisselberg was indicted two weeks ago on ‘sweeping and audacious’ tax and fraud charges, after prosecutors of taking a total of $1.7 million in perks and compensation that the longtime CFO and the Trump Organization did not declare in tax filings.
Last Monday he was photographed returning to work at Trump Tower in Manhattan in his white Mercedes.
He was also captured in images first revealed by DailyMail.com the day before the indictment came down.
The images backed-up claims he will not ‘flip’ on the Trump and the company he has led for decades.
Weisselberg is likely to face enormous pressure to cooperate with prosecutors after they revealed charges spanning years that could bring multiple counts and a long prison sentence if the 73 year old were to be convicted.
The off-the-books perks allegedly include lease payments for Mercedes cars for Weisselberg and his wife, an apartment in Manhattan, and tuition fees for his grandchildren at a top prep school.
Trump at his Saturday night rally in Sarasota fiercely defended the longtime executive who first served his father, Fred – even while tossing out lines that might gives Weisselberg’s attorneys headaches.
‘It’s reminiscent of a communist dictatorship targeting their political opponents,’ Trump told a crowd of supporters.
Weisselberg was listed as treasurer, director, vice president and secretary of Trump Payroll, which handles the salaries of staffers in the Trump business empire. Now Donald Trump Jr. is listed as executive vice president, director, secretary, treasurer and vice president and Eric Trump is listed as president, director and chairman, according to Florida Department of State business records
He called it a ‘witch hunt’ – a term he used repeatedly to blast the Russia probe and investigations into himself – and said: ‘In America people will not stand for it.’
Trump appeared to admit key pieces of evidence being brought against Weisselberg – even as mocking the idea that it is criminal and minimizing the harm.
‘They go after good, hard-working people for not paying taxes on a company car,’ Trump complained.
‘You didn’t pay tax on the car or a company apartment. You used an apartment because you need an apartment because you have to travel too far where your house is,’ he continued, taking on the role of the government in the case. ‘You didn’t pay tax. Or education for your grandchildren. I don’t even know. Do you have to? Does anybody know the answer to that stuff?’ Trump asked.
Weisselberg also owned a home in upstate New York during some of the years outlined in the indictment.
Trump, who took heat for years for failing to release his tax returns as a candidate and as president, also said any alleged crime didn’t stack up to violent felonies.
‘Think of it, think of how unfair it is. Never before has New York City and their prosecutors or perhaps any prosecutors criminally charged a company or a person for fringe benefits. Fringe benefits. Murders, okay. Human trafficking, no problem — but fringe benefits, you can’t do that,’ Trump said.