The Trump Organization and its chief financial officer pleaded not guilty in a Manhattan court on Thursday in connection to tax-related crimes.
CFO Allen Weisselberg pleaded not guilty to grand larceny, while the Trump Organization pleaded not guilty to a scheme to defraud, according to FOX News.
“Today is an important marker in the ongoing criminal investigation of the Trump Organization and its CFO, Allen Weisselberg,” New York Attorney General Letitia James said, per reports. “In the indictment, we allege, among other things, financial wrongdoing whereby the Trump Organization engaged in a scheme with Mr. Weisselberg to avoid paying taxes on certain compensation.”
The Manhattan district attorney’s office has been investigating former President Donald Trump’s business for three years, per FOX News.
The Trump Organization is accused of awarding Weisselberg particular benefits and he’s accused of not paying nearly $2 million in state and federal taxes.
“The chief financial officer himself avoided taxes on $1.7 million of his income, which hardly amounts to an incidental ‘fringe benefit,'” Assistant Manhattan District Attorney Carey Dunne said. “And the former CEO signed, himself, many of the illegal compensation checks. To put it bluntly, this was a sweeping and audacious illegal payments scheme.”
Trump’s company accused the district attorney’s office of launching an investigation based on politics.
“The District Attorney will try to convince the public that these charges are of great significance,” a spokesman for the organization said in a statement to Fox News. “However, everyday New Yorkers and Americans know exactly what this is: an inappropriate use of a local prosecutor’s vast and unchecked power to target a political opponent.”