The New York City Prosecutor’s Office intends to file charges against the Trump Organization, owned by former U.S. President Donald Trump. This was reported on Monday, June 28, by the personal lawyer of the former U.S. leader Ron Fischetti to Politico. At the same time, he stressed that the charges do not affect Trump himself.
According to the lawyer, earlier during a meeting with him, representatives of the prosecutor’s office told about preliminary plans for their further actions. Fischetti noted that the charges will probably be filed this week or next week. They would involve the company and a small group of employees who previously received various corporate incentives in the form of cars and apartments. Authorities suspect that taxes were not paid in the process.
The lawyer also pointed out to reporters that the prosecutor’s office clarified that the 45th president of the United States himself “will not be charged at this stage,” but “the investigation is ongoing.”
“It’s like Shakespeare’s play ‘Much Ado About Nothing.’ It’s so little that I can’t believe I have to be involved in a case like this,” Fischetti added.
The said proceedings are being handled by Cyrus Vance, U.S. Attorney for the District of New York (located in the state of the same name).
The Trump Organization has been at the center of the investigation for the past several months. Investigators are looking into the legality of benefits paid to the organization’s CFO Allen Weisselberg and other executives, as well as whether taxes have been paid on them.
As The New York Times reported on June 25, the organization paid for private school tuition for one of Weisselberg’s grandchildren, as well as rent for his home and cars.
For his part, Trump ridiculed the investigation, calling it a politically motivated “witch hunt” by Democrats.
On February 14 this year, The Wall Street Journal reported that the New York Attorney’s Office expanded its investigation into the financial activities of the former U.S. president in connection with real estate transactions in Manhattan.
According to the publication, authorities were interested in loans that Trump received from several subsidiaries of Ladder Capital, a mortgage loan company, totaling about $280 million.
In late September 2020, The New York Times, citing tax returns, wrote that Donald Trump had not paid federal income tax for 10 years. According to the publication, the American leader paid only $750 in income tax in 2016 when he became president and the same amount in 2017.