Speed Reads


Report: Manhattan prosecutors subpoena bank records of Trump Organization CFO

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 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.