Story · July 9, 2021

Trump Organization Trims Weisselberg From Subsidiary Roles

Corporate restructuring after indictment Confidence 5/5
★★★★☆Fuckup rating 4/5
Serious fuckup Ranked from 1 to 5 stars based on the scale of the screwup and fallout.
Correction: the indictment was returned on July 1, 2021; the company’s July 9 filings followed that indictment and Weisselberg’s July 1 arraignment.

Corporate filings dated July 9, 2021 show Allen Weisselberg being removed from officer and director posts in several Trump Organization subsidiaries, including Florida entities. The paperwork came days after New York prosecutors announced the June 30 indictment of the Trump Organization and Weisselberg, and after Weisselberg appeared in court on July 1 and pleaded not guilty.

The July 9 filings were not the first sign of movement. Related corporate changes had already started earlier in July, including removals from other Trump-linked entities. Taken together, the records show a quick post-indictment cleanup across the company’s subsidiary chart, not one isolated filing that suddenly broke with Weisselberg.

The case itself centers on prosecutors’ claim that the Trump Organization and Weisselberg took part in a long-running scheme involving off-the-books compensation and tax benefits. Prosecutors said Weisselberg allegedly avoided taxes on about $1.7 million in compensation. Both Weisselberg and the company have denied wrongdoing.

Weisselberg had long served as one of the company’s most important internal managers, with day-to-day control over finance, payroll, and accounting. That made his name especially sensitive once the indictment made his compensation and tax treatment the focus of a criminal case.

The filings do not prove anything about the underlying charges. They do show that, within days of the indictment and arraignment, the company was already rewriting corporate records to move Weisselberg out of some formal roles.

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