Manhattan DA Follows Money in Trump Investigation by Presenting Grand Jury Testimony from Senior Financial Officer | national

NEW YORK – Manhattan prosecutors interested in the cases of former President Donald Trump have reportedly presented grand jury testimony from a Trump Organization official described in documents obtained by the New York Daily News as l ‘man who “took care of the real movement of money”.

Jeff McConney – the senior vice president and comptroller of the Trump Organization – testified before the Manhattan grand jury recently formed by District Attorney Cy Vance, Jr., according to ABC News, who cited two sources with direct knowledge.

The News was unable to confirm that McConney testified.

But his knowledge of the operations of the Trump Organization could be the key to the prosecution of Vance.

In depositions six years ago about the implosion of Trump University, Trump Organization CFO Allen Weisselberg shed light on the extent of McConney’s power and his knowledge of Trump’s finances.

“Jeff McConney has worked with me for a long time, and he knows I’m a picky eater about what I guess you call micromanagement to some extent,” Weisselberg said in the June 2015 deposition obtained by The News.

“But over time, I gave Jeff more leeway to make decisions on his own,” Weisselberg continued, confirming that he had appointed McConney his controller when he was promoted to CFO “in the 90s “.

Weisselberg confirmed that McConney was reliable enough to be copied to an email chain in which Weisselberg sought to confirm that moving Trump University to a “fictitious” address outside the jurisdiction of New York regulators would not involve no actual expense related to a “physical move”. “

When asked who funded Trump University’s payroll, Weisselberg said McConney was the one who would know.

“Jeff McConney dealt with the actual movement of the money,” he said, adding that he suspected that it was either Trump who personally funded the operation or “the DJT entity”.

“Jeff could have taken a shortcut, which he sometimes does, (I’m) not always happy about, and goes straight from Donald to Trump University and bypass the intermediary entity,” Allen said.

He said the Trump Organization’s internal approval process for transferring large sums of money out was for McConney to “prepare a memorandum saying we need to move money,” then Allen or Trump. he himself would approve or deny the request.

“Jeff could transfer money from Donald to another Trump entity. It doesn’t matter, ”Weisselberg said.

Manhattan DA Vance is working with State Attorney General Letitia James to uncover potential tax, banking, and insurance frauds committed by Trump and key executives at his namesake company prior to his election as President.

McConney is likely to be one of several Trump Organization staff called to the special grand jury to hear evidence as part of the criminal investigation.

In recent months, prosecutors have cited documents related to Weisselberg, a longtime Trump lieutenant. They also searched for documents relating to her son, Barry Weisselberg, who operates the mostly cash Wollman and Lasker rinks in Central Park.

In deposition testimony previously reported exclusively by The News, Barry and Allen Weisselberg described making hundreds of thousands of dollars a year working for Trump’s real estate company.

In a 2018 deposition in his divorce case, Barry Weisselberg said he and his ex-wife, Jennifer, lived rent-free in a “corporate apartment” overlooking Central Park from 2005 to 2012 with their two children.

He also admitted that his father paid for virtually every aspect of his family’s life, including his grandchildren’s tuition at elite Columbia Grammar and Prep, to the tune of $ 49,000 per child per year. .

If Barry and Jennifer Weisselberg didn’t declare their “corporate apartment” as compensation after their marriage, Vance’s office could use this omission to pressure Allen Weisselberg to cooperate.

Jennifer Weisselberg is cooperating with state attorneys in Manhattan, as is former Trump fixer Michael Cohen. Both have become fierce critics of the former president from their respective former Trump world communications.

McConney has not been charged with criminal wrongdoing, nor has Barry or Allen Weisselberg.

Trump claims he is innocent and has decried the investigation in his home state as “a continuation of the greatest witch hunt in American history.” The former president has not been charged with any crime and remains innocent in the eyes of the law.

McConney did not immediately respond to The News’ request for comment. Weisselberg attorney Mary Mulligan declined to comment.

The Manhattan District Attorney’s Office does not comment on pre-charge issues.

© 2021 New York Daily News. Visit nydailynews.com. Distributed by Tribune Content Agency, LLC.

Copyright 2021 Tribune Content Agency.


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