Report: Manhattan prosecutors subpoena bank records of Trump Organization CFO
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
New York state prosecutors in Manhattan investigating former President Donald Trump and the Trump Organization's finances have subpoenaed the bank records of Allen Weisselberg, the company's chief financial officer, The New York Times reports.
Several people with knowledge of the matter told the Times that prosecutors are also looking into gifts Weisselberg and his family received from Trump, including an apartment in New York City, and it appears this extra scrutiny may be part of an effort to get Weisselberg to cooperate with investigators. Weisselberg, 73, has worked at the Trump Organization for several decades, starting when Trump's late father, Fred Trump, ran the company. He has not been charged with any wrongdoing.
The investigation began with prosecutors looking into the Trump Organization's role in making hush money payments to two women who said they had extramarital affairs with Trump. Michael Cohen, Trump's former personal lawyer and fixer, made a $130,000 payment to one of the women, porn actress Stormy Daniels, and said Weisselberg helped come up with the plan to have the Trump Organization reimburse Cohen.
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.
The probe now has several facets, with investigators also looking into whether the Trump Organization has falsely reported property values in order to get loans and tax breaks. Several banks that work with Trump and the Trump Organization, including Capitol One and JPMorgan Chase, have reportedly turned their records over to prosecutors, who also obtained Trump's tax information in February.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
‘The mark’s significance is psychological, if that’Instant Opinion Opinion, comment and editorials of the day
-
How did ‘wine moms’ become the face of anti-ICE protests?Today’s Big Question Women lead the resistance to Trump’s deportations
-
Currencies: Why Trump wants a weak dollarFeature The dollar has fallen 12% since Trump took office
-
Epstein files topple law CEO, roil UK governmentSpeed Read Peter Mandelson, Britain’s former ambassador to the US, is caught up in the scandal
-
Iran and US prepare to meet after skirmishesSpeed Read The incident comes amid heightened tensions in the Middle East
-
EU and India clinch trade pact amid US tariff warSpeed Read The agreement will slash tariffs on most goods over the next decade
-
Israel retrieves final hostage’s body from GazaSpeed Read The 24-year-old police officer was killed during the initial Hamas attack
-
China’s Xi targets top general in growing purgeSpeed Read Zhang Youxia is being investigated over ‘grave violations’ of the law
-
Panama and Canada are negotiating over a crucial copper mineIn the Spotlight Panama is set to make a final decision on the mine this summer
-
Why Greenland’s natural resources are nearly impossible to mineThe Explainer The country’s natural landscape makes the task extremely difficult
-
Iran cuts internet as protests escalateSpeed Reada Government buildings across the country have been set on fire
