The Trump Organization and Financial Director Allen Weisselberg are expected to be charged on Thursday for tax crimes, reports the Wall Street Journal. It‘s the first charges against former President Donald Trump’s company since prosecutors started investigating potential crimes within the Trump Organization three years ago.
The newspaper reports on the basis of initiates that the company and Wisselberg are being prosecuted for evading taxes on secondary benefits. Among other things, the past few months have been examined whether taxes had been paid on cars and employee homes.
Trump has always denied that financial abuses are taking place within his company and called the investigation politically motivated.
As far as we know, the former president himself will not be prosecuted. However, the charges can prevent banks and business partners from working with their company, which may be fined in the event of a conviction.
Initiates told The Washington Post a few days ago that the Trump Organization was set a deadline. Company lawyers were given the time until Monday afternoon to explain why prosecutors had to refrain from a criminal case due to financial abuses. For example, the research is about manipulating the value of real estate, which would lower the tax and make loans more favourable.