This morning, July 1, 2021, began at 0620 when Trump Organization CFO, Alan Weisselberg surrendered himself to Manhattan District Attorney, Cy Vance. Six days ago, the Manhattan DA had warned Trump lawyers that criminal charges against CFO Allen Weisselberg and the Trump Organization would be issued unless they offered investigators a reason to change course. Translated, Weisselberg could cooperate with prosecutors. He did not comply despite conjecture that he would do so, if not to keep himself out of prison, then to save his children, who are also employed by the organization.
Alan Weisselberg is a name Trump’s former “fixer” and attorney, Michael Cohen, repeated throughout his two-week deposition before the Senate Intelligence Committee in February of 2019. Cohen, who had been with the Trump Organization for 10-years, painted Weisselberg, Trump Organization CFO of 40-years, as the go-to guy who had the answers to every question Cohen could not answer.
Weisselberg had the opportunity to do what Cohen did, cooperate for a reduced sentence, but as yet he has maintained his loyalty to a man whose only allegiance is to himself. That choice could also mean criminal indictments against his children whom Trump also employed. Prosecutors in the office of the district attorney, Cyrus R. Vance Jr., had been examining whether Mr. Weisselberg failed to pay taxes on compensation paid in the form of valuable gifts and benefits he and his family received from Trump, including private school tuition for at least one of his grandchildren, free apartments and leased cars.
“I can’t underscore enough how devastating an indictment would be to the Trump Org,” tweeted Daniel Goldman, a former assistant U.S. attorney in the Southern District of New York who prosecuted mafia families and insider traders. “Every lender would call their loans and no way Trump Org can pay them all, likely leading to bankruptcy. That would be almost a death blow to the Trump Organization,” Mr. Goldman told MSNBC’s Nicolle Wallace. “No bank will ever do business with an indicted company.” ~Daniel Goldman
Prosecutors, who are also working with lawyers from the office of the New York State attorney general, Letitia James, have also investigated whether the Trump Organization failed to pay payroll taxes on what should have been taxable income.
Weisselberg’s ex-daughter-in-law, Jennifer, expected him to cooperate given the opportunity. Somehow, as yet, Weisselberg has not been convinced that it is in his best interest to cooperate. He has been seen leaving Trump Tower with an aid carrying file size cardboard boxes, followed out by Trump hours later. Perhaps today will change that.
Weisselberg has been charged with 15 felony counts including scheme to defraud, conspiracy, grand larceny and falsifying business records. Did he conspire to falsify tax forms by disguising payments? The indictment claims there were two sets of books. As CFO, Weisselberg would be responsible for the preparation and distribution of tax forms to the organization’s employees and to both federal and state tax authorities. Hmm…sounds like tax fraud.
Trump’s former Attorney Michael Cohen, an insider for 10 years who has cooperated with the New York District Attorney claims to know the evidence they have on Trump, and disagrees with Goldman’s assessment that Weisselberg’s cooperation is imperative.
Cohen knows of many of the seized servers and records Vance has possession of, including: Deutsche Bank, VTB Bank-Russian financial group, ALFA Bank, Bank of Cyprus, Signature Bank, not to mention evidence of campaign committee fraud and misappropriation of inauguration funds.
“Every new beginning comes from some other beginning’s end.” Seneca