Trump Family Business and Top Executive Are Indicted in Tax Investigation, According to Reports

Trump Family Business and Top Executive Are Indicted in Tax Investigation, According to Reports

Multiple news organizations are reporting that a grand jury in Manhattan has indicted Donald Trump’s family business —  the Trump Organization — and one of its top executives in connection with a tax investigation.

The charges are believed to be tied to fringe benefits handed out at the company.

The specific charges against the company and its chief financial officer, Allen H. Weisselberg, have not been disclosed. 

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Though former President Trump has faced multiple federal and state prosecutorial inquiries during his administration, the district attorney's indictment would be the first to charge his namesake company, the Trump Organization, for conduct that occurred when he led it.

According to the New York Times, “The indictment was expected to be unsealed Thursday afternoon after Mr. Weisselberg and lawyers for the Trump Organization appear in court. But prosecutors in the Manhattan district attorney’s office have been examining bonuses and luxury perks that Mr. Weisselberg received — including an apartment in Manhattan, leased Mercedes-Benz cars and private school tuition for at least one of his grandchildren — and whether taxes should have been paid on those benefits.”

This indictment is a part of ongoing investigations by the district attorney, Cyrus R. Vance, Jr., who has been conducting a sweeping inquiry into Mr. Trump and his business dealings along with the New York State attorney general, Letitia James.