Support Just the News

Help Fund Honest Journalism

Donate

Trump Organization CFO Weisselberg removed from leadership roles at subsidiaries: report

Weisselberg is still reportedly the Chief Financial Officer for the Trump Organization.

Updated: July 12, 2021 - 8:27pm

The Facts Inside Our Reporter’s Notebook

The Trump Organization removed former Chief Financial Officer Allen Weisselberg from over 40 subsidiary companies after his indictment, according to a report.

The changes were made Thursday and Friday, corporate filings in the U.S. and Scotland showed, according to The Washington Post.

The changes come a week after Weisselberg was indicted by New York prosecutors on 15 state charges, including grand larceny in a 15-year tax fraud scheme. The scheme was to evade paying income taxes by concealing executive salaries, including hiding more than $1.7 million of his own income.

The subsidiaries included Mar-A-Lago in Palm Beach, a holding company that included many Trump-owned businesses, and a corporate entity that handles payroll for Trump employees.

Weisselberg remains the CFO of the Trump Organization. A person familiar with the company told the Post that, "Allen Weisselberg’s at the company. He’s got a job. He’s going to remain at the company."