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.
-
Fox’s Kilmeade sorry for ‘just kill’ homeless remarkSpeed Read Kilmeade’s ‘rare on-air apology’ also served as Fox News’ response to the controversy
-
Russian drone tests Romania as Trump spinsSpeed Read Trump is ‘resisting congressional plans to impose newer and tougher penalties on Russia’s energy sector’
-
Trump renews push to fire Cook before Fed meetingSpeed Read The push to remove Cook has ‘quickly become the defining battle in Trump’s effort to take control of the Fed’
-
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
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
