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Re: Indicted Trump Organization CFO removed as an officer from several company subsidiaries

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 13 Jul 21 6:25 AM | 7 view(s)
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Msg. 42720 of 54440
(This msg. is a reply to 42719 by clo2)
Jump:

This is just legal manouevering.

Trump wants to say the company has addressed the conflicts and corporate governance issues and so doesn't need to be shut down.

Means nothing.

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The above is a reply to the following message:

Indicted Trump Organization CFO removed as an officer from several company subsidiaries
By: clo2 in ALEA
Tue, 13 Jul 21 1:20 AM

Msg. 42719 of 54440

Indicted Trump Organization CFO removed as an officer from several company subsidiaries

(CNN)The Trump Organization has removed Allen Weisselberg, its chief financial officer, from officer positions at several of its subsidiaries, including Mar-a-Lago, after he and former President Donald Trump's namesake business were indicted for allegedly running a 15-year tax fraud scheme.

Weisselberg's role and title at the Trump Organization could change, but he will remain at the company, a source close to the Trump Organization told CNN. The source described Weisselberg's removal from the positions as "prudent corporate governance."

Weisselberg has pleaded not guilty to 15 state charges, including grand larceny.

Other subsidiaries that he has been removed from as an officer include the Trump Payroll Corp., which was also named in the indictment, Trump National Golf Club, Trump International Hotels Management and the Trump International Golf Club in Scotland, according to publicly filed corporation documents.

No explanation was provided in the amended corporate filings.
The Wall Street Journal first reported on Weisselberg's removal from the officer positions.

more:
http://www.cnn.com/2021/07/12/politics/weisselberg-trump-organization-removed-officer-subsidiaries/index.html

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