WSJ: Trump Organization CFO Subpoenaed In Cohen Probe

NEW YORK, NY - SEPTEMBER 22, 2017:  The public entrance to Trump Tower is on Fifth Avenue in New York, New York. (Photo by Robert Alexander/Getty Images)
NEW YORK, NY - SEPTEMBER 22, 2017: The public entrance to Trump Tower is on Fifth Avenue in New York, New York. (Photo by Robert Alexander/Getty Images)
Start your day with TPM.
Sign up for the Morning Memo newsletter

Veteran senior Trump Organization official Allen Weisselberg has been subpoenaed to testify before a federal grand jury in the criminal probe of former Trump fixer Michael Cohen, the Wall Street Journal reported Thursday.

Prosecutors in the Southern District of New York are investigating Cohen for a host of financial matters, including the hush money payments he made to women on Trump’s behalf. Sources familiar with the investigation told the Journal that Weisselberg is considered a witness in that investigation.

Weisselberg has worked at the Trump Organization since the 1970s, working his way up to become executive vice president and chief financial officer. He currently runs the business with Trump’s two adult sons. Weisselberg also served as the treasurer for the troubled Donald J. Trump Foundation, which was sued by the New York Attorney General for engaging in “repeated and willful self-dealing transactions to benefit Mr. Trump’s personal and business interests.”

The longtime ally of the president cropped up in a newly-released audio recording of Cohen and Trump discussing how to buy the rights of a former Playboy model’s account of her alleged 2006 affair with Trump. On the tape, which was made public by Cohen’s attorneys, Cohen said he spoke to “Weisselberg about how to set the whole thing up.”

Cohen ultimately set up and dissolved an LLC without ever making any payments to AMI Inc., parent company of the National Inquirer, for Karen McDougal’s story.

But, as the Journal reported, Weisselberg did set up a $35,000 monthly retainer to Cohen through the Trump Organization that was used to reimburse him for the $130,000 he gave to adult film star Stormy Daniels to keep her from publicly discussing her alleged liason with Trump. A source told the newspaper that Weisselberg did not know about the payment to Daniels when he set up the retainer arrangement with Cohen.

Latest Muckraker

Notable Replies

  1. Do they have tapes of Cohen talking to this guy? Forecats: cat 5 tweetstorm.

  2. And the dominos begin to fall…

  3. Rubs hands together gleefully. This could be the camel’s nose under the tent that contains the financial info in the Trump companies. This guy knows more about Trump’s finances than Trump does, by a long shot.

    And secondarily, if it reveals multiple campaign finance violations, ooohhh boy!

  4. I bet this guy is covered in slime, too. Mueller is draining the swamp.

  5. Uh-oh Spaghetti-Os! Why, it’s just exactly and precisely the kind of scrutiny Trump’s world would never survive! Some observer said a while back that when it’s all over we’ll be amazed Trump had the temerity to invite it in. When they start looking at all those condos and so forth that were paid for at above market value in cash and never occupied, all that fun stuff, oh me oh my, that’s going to be fun fun fun till her daddy takes the T-bird away.

Continue the discussion at forums.talkingpointsmemo.com

54 more replies

Participants

Avatar for system1 Avatar for srfromgr Avatar for littlegirlblue Avatar for mondfledermaus Avatar for mattinpa Avatar for fargo116 Avatar for oscarhomolka Avatar for llamaspit Avatar for becca656 Avatar for lastroth Avatar for leftcoaster Avatar for dryheat Avatar for rickjones Avatar for marymaryquitecontrary Avatar for dannydorko Avatar for rhs1963 Avatar for edys Avatar for davidn Avatar for howardbeale Avatar for cathill Avatar for atldrew Avatar for humanoid Avatar for ameliababy Avatar for thomaspaine

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: