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Trump Organization removed CFO Allen Weisselberg from leadership at dozens of subsidiaries amid tax fraud scandal: report

  • Trump Org CFO Allen Weisselberg was removed from leadership roles at 40 of the company’s subsidiaries, The Wall Street Journal reported.
  • His removal comes after he was terminated as director of one of Trump’s Scotland golf courses.
  • Weisselberg and two Trump Org entities were indicted by Manhattan prosecutors on 15 felony counts of tax fraud.
  • See more stories on Insider’s business page.

The Trump Organization removed Chief Financial Officer Allen Weisselberg from leadership roles at dozens of the company’s subsidiaries.

The news of Weisselberg’s removal from other Trump Organization subsidiaries comes after the top financial officer was terminated as director of one of former President Donald Trump’s golf courses in Scotland.

A day later, the company filed paperwork to remove Weisselberg as director at other subsidiaries in Florida, The Wall Street Journal first reported Monday. The New York Times reported that the top financial officer was no longer listed in leadership roles at at least 20 subsidiaries, while The Washington Post reported that Weisselberg was removed from at least 40.

Earlier this month, Manhattan prosecutors charged Weisselberg and two Trump Organization entities with 15 felony counts related to a 15-year tax fraud scheme, including a scheme to defraud and grand larceny. All three have pleaded not guilty. Weisselberg has worked for the Trump family since the 1970s and became one of the Trump Organization’s most powerful executives outside of the immediate Trump family.

New York prosecutors accused Weisselberg and the Trump Organization of a “sweeping and audacious payment scheme” to evade income taxes by concealing executives’ salaries, including more than $1.7 million of Weisselberg’s own income dating back to March 2005.

According to Florida Department of State business records obtained by The Journal, one of the companies also facing charges, Trump Payroll Corp., previously listed Weisselberg as treasurer, director, vice president, and secretary.

In records filed last week, the former president’s eldest son Donald Trump Jr. is now listed as executive vice president, director, secretary, treasurer, and vice president. Trump’s other son Eric Trump is listed as president, director, and chairman.

Representatives from the Trump Organization did not immediately respond to Insider’s request for comment.

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