Trump’s company could face criminal charges in New York

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NEW YORK – Former President Donald Trump’s namesake company is set to face criminal charges as early as next week after a nearly two-year investigation by the Manhattan District Attorney’s Office, sources told ABC News close to the file.

In a meeting Thursday, prosecutors told attorneys representing the Trump Organization they expected to lay charges related to the fringe benefits granted to certain employees – ranging from cars and apartments to tuition – over a period of time. of several years.

“In my more than 50 years of practice, I had never seen the attorney’s office target a company over employee compensation or benefits,” Ronald Fishchetti, attorney for the Trump Organization, told ABC News in a statement. “The IRS would not and has not brought such a case. Even the financial institutions responsible for the financial crises of 2008, the worst financial crisis since the Great Depression, have not been prosecuted.”

A spokesperson for Manhattan District Attorney Cy Vance declined to comment.

Vance’s investigation focused, in part, on the finances of the former president, his family and his business, and included a tax filing battle that twice landed in Supreme Court the United States. The investigation stems from the testimony of former Trump attorney Michael Cohen, who told Congress that the Trump Organization valued its holdings differently when seeking loans and in talks with tax authorities.

In addition to the company itself, Trump Organization CFO Allen Weisselberg could also be charged, the sources say, if a grand jury is convinced he failed to properly explain the benefits he received.

Trump has denied any wrongdoing and dismissed the investigation as politically motivated, calling it “the sequel to the greatest witch hunt in American history.”

Vance, who has not sought re-election for another term as DA, is largely expected to make impeachment rulings in the case before handing over the post to a successor.

News that the Trump organization expects charges as early as next week was first reported by The New York Times.

Copyright © 2021 ABC News Internet Ventures.


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