Since former President Trump left the White House, a lot of investigations have taken place into his businesses.
New York officials, during this year alone, made clear that they were probing the Trump Organization for a series of alleged financial wrongdoings. Meanwhile, the Trump family pushed back, citing claims from New York officials as unfounded and motivated by politics.
Interest in Trump’s financials actually predates his 2016-2020 presidency. Even before the 45th president got into office, many of his detractors were outraged over Trump not releasing his tax returns. However, Trump stated that not releasing his tax returns occurred due to an ongoing IRS audit.
On Wednesday night, news broke that a New York grand jury officially indicted the Trump Organization regarding tax crimes and other alleged financial wrongdoings.
A closer look at the indictment of the Trump Organization
The indictment in question exists against both the Trump Organization and Allen Weisselberg, the CFO of the organization.
As of this morning, the specific nature of the indictment remains sealed; however, both Weisselberg and his attorneys are expected to arrive in court later on today. During this point, the indictment will become officially unsealed.
Letitia James, the attorney general of New York, and Cyrus R. Vance, Jr., the district attorney of Manhattan, have each played pivotal roles in investigating the Trump Organization. Their investigations have centered around matters regarding tax fraud, insurance fraud, and falsification of business records.
At this time, with the indictment still sealed, there are many speculations. However, reports indicate that Weisselberg is facing pressure to assist with the investigations into the Trump Organization.
Furthermore, investigations into Weisselberg notably center around discovering whether the Trump Organization CFO took benefits without paying taxes on them.
Former President Trump himself has not faced any criminal charges, as of right now.
What happens next?
The public will have more information following the unsealing of the grand jury’s indictment against the Trump Organization. However, social media is already buzzing. Amid news of the indictment last night, Americans took to Twitter and other social networking platforms to weigh in.
USA Herald will provide more updates on this story, amid new and relevant developments.