If Nothing Was Amiss, Why The Change? Trump CFO Weisselberg Erased From Much Of Trump Organization
If nothing was amiss, why the change? Allen Weisselberg, the long time chief financial officer of the Trump Organization and keeper of pretty much all of Donald Trump’s financial secrets, has been fired from his leadership roles at more than 40 of Trump’s companies.
Filings in the United States and Scotland show that Weisselberg’s erasure from the Trump Organization were made last Thursday and Friday, about a week after the accountant was indicted on 15 felony counts including grand larceny and tax fraud in connection with his acceptance of “fringe benefits” from Trump’s company without paying the required income tax on those benefits. Weisselbeg was accused by New York prosecutors of helping run a 15-year scheme to evade income taxes, by concealing executive’s salaries – including more than $1.7 million of his own income – from tax authorities. Two Trump corporate entities were indicted alongside Weisselberg.
Last Thursday, the Trump Organization removed Weisselberg as a director of the company that runs its golf course in Aberdeen, Scotland. The next day, the company filed paperwork in Florida to remove Weisselberg as a director at 40 different subsidiaries registered in the state, according to an online database of Florida records.
Those subsidiaries included a holding company that owns many Trump businesses, a corporate entity that handles payroll for many Trump employees, and even a Trump project in Fort Lauderdale, Fla. that went bust more than a decade ago.
Previously, Weisselberg had shared the leadership of these companies with one of Trump’s adult sons or, in the case of the Mar-a-Lago Club in Palm Beach, with Trump himself. Now, records show, the Trump family members are left in charge.
The Florida filings were first reported by the Wall Street Journal.