• By The Financial District


The Trump Organization has only today to convince New York prosecutors that its financial dealings are lily-white and, as such, both the Manhattan District Attorney’s Office and New York state attorney general should not file any criminal charges against it.

Reporting for HuffPost, Sanjana Karanth said New York prosecutors have reportedly given former President Donald Trump’s attorneys until Monday (Tuesday, June 29, 2021, in Manila) to convince them not to file criminal charges against the Trump Organization over its financial dealings. In all likelihood, Donald Trump himself would also be charged.

The deal could signal that Manhattan District Attorney Cyrus Vance Jr. and New York Attorney General Letitia James are considering criminal charges against the company as an entity, as first reported Sunday by the Washington Post, citing two people familiar with the matter. The two offices are working together after each one spent years investigating Trump’s business.

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On Friday, the New York Times and NBC News reported that Vance’s office could file charges against the Trump Organization as soon as the upcoming week.

Attorneys working for Trump personally and for the organization reportedly met with Vance’s office on Thursday in an attempt to convince prosecutors to drop the charges. According to the Times and the Post, such opportunities to persuade prosecutors against filing charges are not abnormal in white-collar criminal investigations.

Prosecutors have shown interest in whether the Trump Organization used misleading valuations of its properties to deceive lenders and taxing authorities, and in whether the company paid taxes on fringe benefits for top executives.

Specifically, they’re investigating whether the corporate perks and gifts awarded to chief financial officer Allen Weisselberg had been accurately recorded in company ledgers and accounted for on tax returns.

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Weisselberg and his son Barry Weisselberg have reportedly received potentially up to hundreds of thousands of dollars worth of fringe benefits from the organization.

According to the Post, prosecutors are looking at charging the Trump Organization as an entity, as well as Allen Weisselberg. Under New York law, prosecutors can file charges against corporations in addition to individuals. While the federal Racketeer Influenced and Corrupt Organizations Act, or RICO, usually involves a person engaging in a pattern of criminal behavior through an enterprise over a certain period of time, New York’s “little RICO” only needs proof of as few as three crimes involving a business or other operation.


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