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Weisselberg being canceled by Trump Organization

Allen Weisselberg, the Chief Financial Officer of the Trump Organization who was indicted on 15 criminal charges last week, is being removed by the company from positions he holds with many of the company’s subsidiaries, the Wall Street Journal reports.

Weisselberg was charged along with the Trump Organization itself for an alleged 15-year scheme to avoid tax payments for perks and other income he obtained.  The income was given to Weisselberg as free rent on apartments, or payment for services to personal contractors made directly from Donald Trump or the company.

For the Trump Payroll Company, a business specifically named in the indictment, Weisselberg was the treasurer, director, vice president and secretary listed on incorporation forms in the State of Florida.  At some point, Weisselberg’s name was removed and the positions went to Donald Trump, Jr.

As was reported here on NatZero last week, Weisselberg was also removed from the corporate board of the Trump International Golf Club Scotland Limited, which runs Trump’s golf club in Scotland.  The notice was provided to Companies House, the U.K.’s registrar of companies.

With an indictment hanging over this head, Weisselberg’s position as CFO of the Trump Organization and with its subsidiaries may make any financial operations with the company–which itself is facing challenges for its indictment–even more complicated.  Given the acts outlined in the indictment, companies, governmental agencies and banks would be hard-pressed to explain why they would do business with a company that allegedly kept two sets of book to benefit its CFO.

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