Headline RoundupJuly 1st, 2021

CFO of Trump Organization Surrenders Ahead of Facing Charges

Summary from the AllSides News Team

Allen Weisselberg, chief financial officer of the Trump Organization, surrendered to federal prosecutors on Thursday ahead of expected criminal tax charges.  The exact charges were not immediately known, but they may focus on whether Trump Organization officials received benefits and perks, such as leased cars and rent-free apartments, without reporting them correctly on their tax returns.

The Trump Organization says that Weisselberg is being used as a pawn to harm former President Donald Trump, though Trump himself is not expected to face any charges. An indictment of Weisselberg could undermine the Trump Organization's relationship with business partners and banks, and lead to fines and other penalties.

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