A high-ranking executive from the Trump Organization testified before a special grand jury that indicted the former president’s firm.
According to a transcript Jeff McConney, a longtime accountant for the family-owned business, previously testified during a 2017 civil lawsuit and showed a willingness to admit errors that might help prosecutors build their case.
So who is that Unindicted Co-Conspirator, Jeff McConney. He is the number 2 bookkeeper at Trump Org. Right hand man to Weisselberg. The Controller. So an accountant for 30 years with Trump. Is cooperating and has limited immunity for testifying to Grand Jury. This guy https://t.co/RuCi12Dh3b pic.twitter.com/Na4OCkMqfB
— Tomi T Ahonen (@tomiahonen) July 16, 2021
“I probably didn’t know at that time that we probably shouldn’t be using foundation funds for this type of thing,” McConney told a New York attorney general investigator at the tie. “We made a mistake.”
Donald Trump used a donor-funded charity to settle a lawsuit with Palm Beach, Florida, where his Mar-A-Lago resort is located, and McConney also admitted to making mistakes related to the then-$25,000 president’s gift to Florida Attorney General Pam Bondi’s re-election campaign after she dropped an investigation into his fraudulent Trump University.
“We found out we made the contribution to… a political organization as opposed to a charitable organization,” McConney said. “Anything and everything that could go wrong did go wrong, with this one request.”
McConney reportedly told investigators of an occasion in January 2016 when Trump skipped a Republican debate to organize a televised fundraiser for veterans in Iowa but was subsequently found withholding payments.
Through a public records request, The Daily Beast obtained a transcript of a confidential 2017 interview between the New York attorney general’s office and Jeff McConney, who has been a controller at the Trump Organization for more than three decades https://t.co/WsaOxg5uKh
— The Daily Beast (@thedailybeast) July 19, 2021
“At that time, we thought there was a possibility of handing out checks to veterans,” McConney said under oath. “I had a checkbook and a pen, piece of paper to write down the contributions if that was Mr. Trump’s desire.”
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McConney described his role in the Trump Organization in great detail, saying that Trump only signs the most important checks coming out of the company and that the twice-impeached one-term president is confident that his longtime lieutenant will remain loyal while being questioned by investigators.
“The former president thinks that Jeff worships the ground that he walks on,” said a source who’s spoken to Trump about McConney in the past few weeks. “Trump has said that after all he’s done for Jeff and his family, there is no reason for [McConney] to turn on him as some other people have.”
Trump’s main money man Allen Weisselberg has been indicted and was recently removed from key positions.
According to corporate filings in the United States and Scotland, the Trump Organization has removed indicted chief financial officer Allen Weisselberg from his leadership roles at more than 40 subsidiary companies.
The changes were made on Thursday and Friday, a week after Weisselberg was indicted on 15 felony counts in Manhattan, including grand larceny and tax fraud. New York prosecutors accused Weisselberg of assisting in the operation of a 15-year scheme to evade income taxes by concealing executives’ salaries — including more than $1.7 million of his own earnings — from tax authorities. Along with Weisselberg, two Trump business entities were indicted.
According to British corporate records, the Trump Organization removed Weisselberg as a director of the company that runs its golf course in Aberdeen, Scotland, on Thursday.
According to an online database of Florida records, the company filed paperwork in Florida the next day to remove Weisselberg as a director at 40 different subsidiaries registered in the state.
A holding company that owns many Trump businesses, a corporate entity that handles payroll for many Trump employees, and even a Trump project in Fort Lauderdale, Fla., that went bankrupt more than a decade ago were among the subsidiaries.
Weisselberg previously co-led these businesses with one of former President Donald Trump’s adult sons or, in the case of the Mar-a-Lago Club in Palm Beach, Fla., with Trump himself. According to records, the Trump family members are now in charge.