FirstFT: Trump Organization and top executive charged with fraud
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Donald Trump’s family business and its longtime chief financial officer, Allen Weisselberg, have been charged with criminal fraud by New York prosecutors.
The charges were laid out in a 15-count indictment unsealed in a Manhattan court yesterday, marking a decisive turn in an almost three-year investigation of Trump’s business by Cyrus Vance, the Manhattan district attorney, in tandem with New York state attorney-general Letitia James.
They allege that Weisselberg and other top Trump Organization executives arranged to conceal part of their income from the government by having the company pay their rent, tuition, car leases and other “off the books” benefits that were never…
