Tax Fraud:Trump Organization, CFO plead not guilty to tax crimes – Nexus News

Donald Trump’s organization and its long time Chief Financial Officer(CFO) pleaded not guilty in a New York court, yesterday after they were charged with fraud and tax crimes, in a major blow to the former president.

The 73-year-old CF0, Allen Weisselberg, and lawyers for the company appeared in a lower Manhattan courtroom yesterday afternoon for arraignment on 15 felony counts by Manhattan District Attorney Cyrus Vance.

The 15 felony counts were the first charges in an investigation that has been going on for almost three years by the Manhattan district attorney into the financial dealings of the huge real estate-to-golf course business that drove Trump to fame.

Manhattan prosecutors say the Trump Organization and its CFO, Allen Weisselberg, gdefrauded the New York state in a 15-year tax evasion fraud.

Weisselberg, known for being a loyal Trump lieutenant and also a gatekeeper of the family’s secrets, was led into the state courtroom before a judge in handcuffs for his indictment shortly before 2:15 pm (1815 GMT) after he surrendered to New York authorities.

Although Trump isn’t named in the charges, the case may only be the beginning by the district attorney, who has been probing possible bank and insurance fraud at the company as well.

The charges against Weisselberg significantly ratchet up the pressure on the CFO to cooperate with prosecutors.

If Weisselberg cooperates with the authorities this could lead to a more expansive case against the company and raise the prospect of a historic and politically charged prosecution of a former president.

With a trial unlikely before next year, the CFO will have enough time to decide whether to fight the charges or plead guilty and possibly strike a deal with prosecutors.

Former President Trump has criticized the probe by Vance, who is a Democrat, as a politically motivated witch hunt.

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