Accused Trump Group CFO eliminated as an government from subsidiaries
- A grand jury in Manhattan previously indicted the Trump Organization and its CFO Allen Weisselberg.
- WSJ: The organization deposed Weisselberg as an officer at some of its subsidiaries.
- Despite its reduced role, Weißelberg is to remain with the company.
Allen Weisselberg, longtime chief financial officer of the Trump organization, has reportedly been dismissed as an executive at some of the company’s subsidiaries.
Weißelberg’s dismissal comes after prosecutors recently accused him and the Trump organization of 15 years of tax fraud. The ex-CFO was head of several units of the company of former President Donald Trump.
The Wall Street Journal first reported on the moves.
Weisselberg was sacked last week as director of Trump International Golf Club Scotland Limited, which is affiliated with Trump’s Scotland golf course, the Journal reported as an example.
More:Trump’s longtime chief financial officer, confidante accused. Who is Allen Weißelberg?
Weisselberg, who has been working for the Trump family since 1973, should stay with the company despite a change of job and title, according to the journal.
More:Trump Organization, CFO Allen Weisselberg charged with tax charges
The Trump Organization and Weisselberg have been charged with criminal tax fraud, conspiracy and forgery of business records on a 15-point indictment.
The case was one of the earliest criminal charges to emerge from a multi-year investigation of Trump’s business relationships by the Manhattan Attorney’s Office together with the New York Attorney General’s office.
Weisselberg’s allegations include aggravated theft for not paying taxes on $ 1.7 million in fringe benefits from the company, including a Mercedes-Benz for his wife, a rent-free apartment on Manhattan’s Upper West Side for his son’s family, and private schooling for him its for grandchildren. Prosecutors also claim the former CFO accepted thousands of federal and state tax refunds that he was not entitled to. The aggravated theft charge has a maximum sentence of 15 years in prison.
Both the Trump Organization and Weißelberg have pleaded not guilty.
The Florida Department of State’s business records once listed Weisselberg as Treasurer, Director, Vice President, and Secretary of Trump Payroll Corp. Trump Payroll processes the payroll for the company’s employees, according to an indictment in the New York State Supreme Court.
According to records filed last week, Trump’s eldest son, Donald Trump Jr., is now listed as Executive Vice President, Secretary, Director, Treasurer and Vice President of Trump Payroll. Son Eric Trump is also credited with serving as president, chairman and director, the Journal reported.
Donald Trump Jr. also signed amended papers that signed Weisselberg as vice president, treasurer and secretary of the holding company DJT Holdings Managing Member LLC and DT Marks Jupiter LLC, which is apparently affiliated with Trump’s golf club in Jupiter, Florida, according to the Journal.
Reach out to Chelsey Cox on Twitter @therealco