Trump Organization CFO Allen Weisselberg surrenders to Manhattan District Attorney, will plead not guilty

Allen Weisselberg, chief financial officer of The Trump Organization.Timothy A. Clary | AFP | Getty ImagesAlthough the Trump Organization is being charged in the case as a business, Trump himself is not personally charged. The company faces possible fines and other sanctions in the case if convicted.The Trump Organization, shortly after Weisselberg blasted Manhattan DA Cyrus Vance Jr. shortly after Weisselberg surrendered.CNBC PoliticsRead more of CNBC’s politics coverage: A spokesperson for the company said in a statement, “Allen Weisselberg is a loving and devoted husband, father and grandfather who has worked at the Trump Organization for 48 years.””He is now being used by the Manhattan District Attorney as a pawn in a scorched earth attempt to harm the former President,” the spokesperson said.”The District Attorney is bringing a criminal prosecution involving employee benefits that neither the IRS nor any other District Attorney would ever think of bringing. This is not justice; this is politics.”Vance’s office for several years has criminally investigated the Trump Organization in connection with various issues.They include how the company accounted for a hush money payment Trump’s former personal lawyer Michael Cohen paid to porn star Stormy Daniels, allegations by Cohen that the firm misstated the values of real estate assets to fraudulently obtain financial benefits, and questions of whether the Trump Organization paid taxes on benefits such as apartments and cars used by employees.Trump, who is a Republican, for years has called Vance’s inquiry a politically motivated witch hunt. Both Vance and James are Democrats.The charges against Weisselberg and the Trump Organization are not expected to end the investigation into the company and the former president.Both Cohen and Weisselberg’s ex-daughter-in-law Jennifer Weisselberg have cooperated with the criminal investigation.


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