NEW YORK – Donald Trump’s namesake company and longtime financial chief pleaded not guilty on Thursday to what a New York prosecutor called a “sweeping and audacious” tax fraud, arising from a probe into the former U.S. president’s company and its business practices.
The indictment against the Trump Organization and its chief financial officer Allen Weisselberg is the first in a nearly three-year investigation by Manhattan District Attorney Cyrus Vance.
It could undermine the Trump Organization’s relationships with banks and business partners, and complicate Trump’s political future as the Republican resumes holding rallies and mulls a 2024 White House run.
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Keep on reading: Trump’s company, CFO indicted in ‘sweeping’ tax fraud