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  • Ryan Wittler

The Trump Organization and Its CFO Have Been Charged With Tax Fraud


Reuters

On Thursday, New York prosecutors charged the Trump Organization with conspiracy, tax fraud, and falsifying business records. Prosecutors are alleging the organization has been running a 15-year off-the-books payment scheme that allows certain top employees, including CFO Allen Wiesselberg (pictured above), to avoid paying taxes on that compensation. The indictment alleges Weisselberg and several other top executives received valuable perks from the organization, including private school tuition, apartments, and cars, that they didn’t pay taxes on. In particular, prosecutors say Weisselberg evaded paying over $900,000 in city, state, and federal taxes. The move to charge Weisselberg has been seen as a way to pressure him to cooperate with prosecutors in their broader investigation into former President Donald Trump and his organization. The organization and Weisselberg have pleaded not guilty.

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