Trump Organization CFO granted immunity in Cohen investigation
Allen Weisselberg, the longtime chief financial officer of the Trump Organization, has been granted immunity to speak with federal prosecutors, sources told The Wall Street Journal on Friday.
Weisselberg was subpoenaed to testify before a grand jury in the investigation into Michael Cohen, President Trump's former lawyer who earlier this week pleaded guilty to campaign finance violations and tax fraud. The Journal reports that Weisselberg's cooperation increases pressure on Trump, who gave Weisselberg control of his company's financial assets upon his election. The CFO has worked for the Trump family since the 1970s, reports Bloomberg, and has handled bills, the organization's purchases, and Trump's investments.
Weisselberg reportedly helped Cohen facilitate hush payments to two women who say they had affairs with Trump. In a recording Cohen made of his conversation with Trump about the payments, Cohen says he spoke to Weisselberg about how to arrange the deal. The New York Times reported Thursday that the Manhattan district attorney's office is considering criminal charges against the Trump Organization, related to the payment's improper documentation as an effort to aid the Trump campaign. Read more at The Wall Street Journal.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.
-
Donald Trump’s week in Asia: can he shift power away from China?Today's Big Question US president’s whirlwind week of diplomacy aims to bolster economic ties and de-escalate trade war with China
-
The Icelandic women’s strike 50 years onIn The Spotlight The nation is ‘still no paradise’ for women, say campaigners
-
Mall World: why are people dreaming about a shopping centre?Under The Radar Thousands of strangers are dreaming about the same thing and no one sure why
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
