The offices of the Manhattan District Attorney and the New York Attorney General have received indictments against the Trump Organization and its longtime finance chief Alan Weiselberg, two people familiar with the matter told NBC News.
A Trump representative told NBC that the indictments against the organization and Weiselberg, handed down by a New York grand jury, are expected to be dismissed in court in Manhattan on Thursday afternoon.
Weiselberg is expected to surrender on Thursday morning, Washington Post Reported earlier citing sources. The Post said he is expected to appear before a state judge later that day. The Trump Organization is also expected to be prosecuted.
NBC previously reported the allegations center around allegations from Weiselberg and other Trump Organization officials. receiving benefits without reporting them properly on their tax return.
Former President Donald Trump is not expected to be charged this week, Post sources said, but the indictments could bring potential fines and legal problems for his company. However, prosecutors expect Weiselberg to exchange testimony against Trump to reduce his risk, another source told the Post.
A representative for Manhattan District Attorney Cyrus Vance Jr. declined Acesparks’s request for comment. Trump Organization lawyer Ronald Fischetti did not immediately comment. Weiselberg’s attorney, Mary Mulligan, declined to comment.
Trump Organization Chief Financial Officer Alan Weiselberg watches as then-US Republican presidential candidate Donald Trump during a news conference at Trump Tower on May 31, 2016 in Manhattan, New York.
Carlo Allegri | Acesparks
The Trump Organization’s investigation originally focused on how the New York company paid Trump’s former personal lawyer Michael Cohen to pay porn star Stormy Daniels shortly before the 2016 presidential election.
But since then, investigation has expanded into Cohen’s allegations that the Trump Organization misappropriated the value of various real estate properties in order to benefit from lower tax obligations or to obtain more favorable terms on loans and insurance related to those properties. Told.
In recent months, the Manhattan DA’s office has also looked at how the company accounts for various fringe benefits received by Trump Organization officials and whether executives pay taxes on those benefits.
“In my more than 50 years of practice, I have never before seen the District Attorney’s Office target a company over employee compensation or fringe benefits,” Fischetti said in an email to Acesparks last week.
“The IRS will not, and has not brought, a case like this,” Fischetti said.
“Even the financial institutions responsible for the 2008 financial crisis, the worst financial crisis since the Great Depression, were not prosecuted.”
Cohen, who pleaded guilty to several federal crimes in 2018, repeatedly called on investigators from the Manhattan DA’s office to help him with the Trump Organization investigation.