image courtesy of Getty Images According to US media reports, former US President Donald Trump’s firm and its finance head have been indicted in a tax fraud investigation. On Thursday morning, Allen Weisselberg, 73, surrendered to police in New York, ahead of the expected unsealing of as-yet-unknown allegations. “Mr Weisselberg plans to enter a not guilty plea and will defend himself in court,” his attorneys added. Mr. Trump is unlikely to be named as a defendant in the case. The city of New York has already severed connections with the twice-impeached former president. The Trump Organization is a family-owned business that owns hotels, golf courses, and other real estate. Any criminal charges brought against it would be the first in a series of long-running investigations by the Manhattan district attorney and the state attorney general into alleged fraud. Prosecutors have been ordered to receive Trump’s tax returns. Trump’s commercial ties with New York City are the next to be severed. District Attorney Cyrus Vance is anticipated to focus his charges on whether Mr. Weisselberg and other corporate officials obtained benefits like apartment rents or leased cars without properly declaring them on their tax filings. According to the New York Times, Mr. Weisselberg entered Manhattan’s criminal court complex early on Thursday. Later in the day, he and at least one other Trump Organization representative are anticipated to appear in court. The probes, according to Mr. Trump and his allies, are politically motivated. Mr Vance was using Mr Weisselberg, who has worked for Trump’s company for nearly 50 years, “as a pawn in a scorched earth attempt to undermine the former president,” according to a statement from the Trump Organization. The firm stated, “This is not justice; this is politics.” If the Trump Organization is found guilty, however, certain corporate partners may cut ties with the Trump Organization, and the company may face sanctions. In the aftermath of the US Capitol riots, New York City has already stated it will terminate contracts with the company that runs skating rinks, a carousel, and a golf course. The indictment might prompt lenders to call in their loans, forcing the Trump Organization into bankruptcy, according to Daniel Goldman, who was the lead lawyer in the US House of Representatives for Mr Trump’s first impeachment in 2019. The investigations will also look into Mr Trump’s personal and company tax records for the past eight years, which prosecutors obtained after a long legal battle that ended in the Supreme Court in February. Mr Trump, who inherited money from his father and went on to become a real estate tycoon, is the only president not to release his tax returns since Gerald Ford in the 1970s. Despite the fact that he is the subject of several investigations, the former president has denied any misconduct on his part or in his company. Donald Trump is the president of the United States of America New York City, New York, New York, New York, New York, New York, New York, New/n
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