Trump Organization’s CFO Removed From Subsidiaries Amid Fraud Charges: Reports

Allen Weisselberg has been indicted in what prosecutors called a 15-year scheme to defraud tax authorities.

The Trump Organization has removed Allen Weisselberg, its chief financial officer, from his leadership positions at dozens of subsidiary companies following a grand jury indictment over charges including grand larceny and tax fraud, according to multiple reports. The Wall Street Journal first reported Monday that Weisselberg, 73, had been terminated from his roles at a range of Trump entities in the United States and Scotland, citing public filings and people familiar with the shift. The Journal added that the decision came as he faces a range of charges and as broader discussions are underway about changing his duties. At one company under the Trump Organization umbrella previously led by Weisselberg, the Trump Payroll Corp., two of the former president’s sons, Donald Trump Jr. and Eric Trump, are now listed as the senior officers. The Washington Post later added that paperwork had been filed to remove Weisselberg as a director at 40 subsidiaries of the Trump Organization.