Allen Weisselberg: Who is the man who could bring down Donald Trump?

The former president’s long-time financial chief has been criminally charged after years-long probe

Alex Woodward
New York
Thursday 01 July 2021 19:40
Comments
Trump tells supporters ‘We will never back down’

In Michael Cohen’s testimony to members of Congress in 2019, one name came up more than 20 times.

When asked by House Democrats who else would have access to business or financial records that could implicate Donald Trump in a range of investigations, from his campaign’s connections to Russia to hush money payments involving an adult film star, his former attorney listed the names of several Trump insiders – starting with Allen Weisselberg.

The man at the centre of investigations and criminal charges involving Mr Trump’s business, other than the former president whose name is emblazoned in gold on its Manhattan headquarters, is a press-averse accountant who has presided over the company’s finances for decades.

Mr Weisselberg, the Trump Organization’s longtime chief financial officer, was criminally charged on 1 July 2021 following a years-long probe from the Manhattan District Attorney’s office and a parallel investigation from the New York State Attorney General into allegations of tax evasion and fraud.

He has pleaded not guilty to 15 counts, including conspiracy, grand larceny and tax fraud.

Prosecutors allege Mr Wesselberg was connected to a 15-year scheme, including evading taxes on $1.7m of income.

Since 2017, the company has been held under a trust controlled by the former president and his adult sons – along with Mr Weisselberg, the only person not named Trump to oversee the company’s accounting.

But Mr Weisselberg’s name also appears on other company cheques and documents going back decades, and he would be familiar with its tax returns, its lenders and investors, and is said to track every penny going in and out of the company, according to The Associated Press.

Given his institutional knowledge, the potential testimony and evidence from one of the Trump family’s longest-serving confidants in its sprawling empire could expose the former president in a potential criminal case.

Mr Weisselberg’s attorney Mary Mulligan declined to provide comment to The Independent.

Now 73 years old, Mr Weisselberg first started working with the Trump family in the 1970s, when he worked under Fred Trump, the former president’s father – long before his son’s legacy of real estate fortunes and failures, bankruptcies, and reality TV ascendance; Mr Weisselberg even appeared briefly as a guest judge on a 2004 episode of NBC’s The Apprentice.

The Weisselberg family also has grown into the Trumps – his son Barry Weisselberg has managed the Trump Wollman Rink in Central Park, and another son, Jack, is an executive director at Ladder Capital, one of the biggest lenders to the Trump Organization, along with Deutsche Bank.

Jennifer Weisselberg, who was married to Mr Weisselberg’s son, Barry, for 14 years, has cooperated with the latest investigations and suggested that prosecutors have sought to “flip” the CFO.

Mr Weisselberg also spoke to federal prosecutors as part of the investigation in which Cohen pleaded guilty to campaign finance violations, after buying the silence of two women who claimed to have had affairs with Mr Trump, including Stormy Daniels and Playboy centrefold Karen McDougal.

Mr Weisselberg was not charged in that case, but Cohen connected him to the $130,000 payment to Ms Daniels.

He received limited immunity in the grand jury probe, which would preclude any truthful statements from being used against him in a criminal case.

In February, the office of Manhattan DA Cyrus Vance obtained years of the former president’s financial documents after a protracted legal battle that reached the US Supreme Court.

The office has not publicly revealed the scope of potential allegations, but court filings in 2020 revealed that his office argued that previously reported allegations of tax and insurance fraud justified a grand jury probe into the former president and his company.

In documents filed in the US Circuit Court of Appeals, prosecutors argued that “mountainous” allegations against the president – including misstatements about his business properties to insurers, potential lenders and the government – “could establish crimes” including tax and insurance fraud and falsification of business records, among others.

The nation’s high court rejected arguments from the former president and his legal team that he retained an executive “immunity” from complying with subpoenas, while swatting away the investigation as a “fishing expedition” or part of a partisan “witch hunt”.

The Trump Organization’s legal team anticipates charges related to alleged failures to pay taxes on fringe benefits and corporate perks, including cash, cars and property given to employees; it’s unclear who received those benefits and what the total amounts to.

In a statement following reports of imminent criminal charges involving his company, Mr Trump said that his dealings are “standard practice throughout the US business community, and in no way a crime”.

Additional reporting by The Associated Press

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in