Trump Organization Charges: Investigation into Hidden Money Transferred to Benefits
The indictment of the Trump Organization and its CFO arose out of an investigation into a seemingly unrelated case: the now infamous $ 130,000 payment to adult film actress Stormy Daniels.
The Manhattan District Attorney’s investigation into a secret payment to former President Donald Trump’s alleged mistress has since grown into a broad investigation into the Trump Organization’s business practices, including its involvement in bank fraud , insurance and taxation.
This week, an investigation that had been repeatedly blocked over three years finally reached a courtroom with indictment of the Trump Organization and its chief financial officer, Allen Weisselberg, over tax charges. The district attorney’s office, which works with the New York attorney general’s office, accused the company and its CFO of implementing a 15-year plan to avoid taxes by using Manhattan apartments, luxury cars and private school tuition compensation books.
The Trump Organization and Mr. Weisselberg have pleaded not guilty, with their lawyers saying they will fight the charges.
The charges go far beyond the original purpose of the investigation – the Trump organization’s handling of the payment to Ms Daniels, which was aimed at silencing her over her allegations of a sexual relationship with Mr Trump . Former prosecutors have said Thursday’s charges could become a stepping stone towards laying broader charges against Mr. Trump himself, if Mr. Weisselberg seeks leniency in exchange for his testimony against his longtime boss.