NYT: Vance Could Charge Trump Org Next Week

US President Donald Trump gestures as he poses for a family photo ahead of the opening ceremony of the NATO (North Atlantic Treaty Organization) summit, at the NATO headquarters in Brussels, on July 11, 2018. (Photo ... US President Donald Trump gestures as he poses for a family photo ahead of the opening ceremony of the NATO (North Atlantic Treaty Organization) summit, at the NATO headquarters in Brussels, on July 11, 2018. (Photo by GEOFFROY VAN DER HASSELT / AFP) (Photo credit should read GEOFFROY VAN DER HASSELT/AFP/Getty Images) MORE LESS

Manhattan District Attorney Cyrus Vance is weighing charges against the Trump Organization and its chief financial officer, the New York Times reports.

Prosecutors from Vance’s office met with Trump organization attorneys on Thursday, the report says, and charges could come as soon as next week against the company and its CFO Allen Weisselberg.

It’s not clear what the organization would be charged with, though Vance has said publicly that he’s probing the Trump Org over allegations of tax, bank, and insurance fraud. The Times reported that charges could be connected with “fringe benefits” that Weisselberg received.

More specifically, prosecutors have reportedly been turning the screws on Weisselberg, examining whether he received illegal, undeclared, untaxed compensation from the company.

Weisselberg is known as the skeleton key to the company’s internal workings, and has had intimate knowledge of the former president’s business dealings for decades. Prosecutors have reportedly been trying, unsuccessfully so far, to flip him.

Charging Weisselberg would mark a huge escalation in the pressure on him to cooperate, as prosecutors home in on the president’s business practices before he took office.

It would be the first instance of Vance filing charges in the probe, which has been going on for at least two years. The Manhattan DA ended up at the Supreme Court twice while trying to enforce a grand jury subpoena for Trump’s tax returns, which he has since obtained.

Vance has teamed up with New York Attorney General Letitia James in the probe, as they scrutinize perks that allegedly went to Weisselberg and other top executives.

Prosecutors have also focused on allegations first lodged by former Trump attorney Michael Cohen, who told Congress in 2019 that Trump would inflate the value of his real estate assets for lenders and deflate them for tax purposes.

Vance made oblique references to this portion of the investigation in legal filings over the subpoena, saying that bank, tax, and insurance fraud were all on the table in his office’s investigation.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest News
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Director of Audience:
Editor at Large:
General Counsel:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: