Share this page!

Wendy Siegelman Profile picture
Twitter logo
29 Jun, 12 tweets, 4 min read
NY prosecutors to indict Trump Org insider - but not Trump sources say

People familiar with case said prosecutors are preparing criminal charges against Trump Org chief financial officer Allen Weisselberg & considering criminal charges against the company
reuters.com/world/us/ny-pr…
Initial charges by Manhattan DA Cyrus Vance Jr will focus mainly on whether Weisselberg and other company officials received corporate perks and benefits, such as rent-free apartments and leased cars, that were not reported properly on their tax returns

reuters.com/world/us/ny-pr…
Prosecutors have been pressing Weisselberg, 73, to cooperate with their probe and provide testimony, so far without success. An indictment would increase that pressure. Weisselberg worked for the company since 1973 when it was run by Trump’s father, Fred

reuters.com/world/us/ny-pr…
The wide-ranging criminal investigation has examined an array of potential wrongdoing, including whether Trump Org manipulated property values to reduce taxes and secure more favorable loans

More charges could be coming against the company or its officers in the weeks ahead
Prosecutors have focused on company's use of perks and benefits as form of compensation for corporate officials. Jennifer Weisselberg, ex-wife of Allen Weisselberg’s son Barry, met prosecutors a half-dozen times

Barry helped manage two ice-skating rinks & carousel for Trump Org
Court filings, public records and documents subpoenaed in the investigation show that Allen and Barry Weisselberg received corporate perks and gifts potentially worth hundreds of thousands of dollars over their years with the Trump Org, many benefits in the form of real estate
Some of the loans New York prosecutors have been investigating were made by Ladder Capital - where Allen Weisselberg’s son Jack works
My chart on Ladder Capital and Deutsche loans were cited in a filing by the Manhattan DA
From Dec 2017

wsiegelman.medium.com/trump-creditor…
Results from last Tuesday’s primary election are expected soon and then in November there will be an election for a new Manhattan District Attorney who will take over the Trump probe

reuters.com/world/us/with-…
Allen Weisselberg's son Jack who works at Ladder Capital - 2nd largest creditor to Trump after Deutsche Bank - worked at UBS in 2006 when it gave Trump a $7 million loan

Allen deeded an apartment to Jack that he sold for 3 times more three years later

If Allen Weisselberg is charged this week - I expect Ladder Capital, where his son Jack works, will finally get more coverage

NY prosecutors have been investigating Trumps Manhattan properties and loans on 4 buildings made by Ladder Capital

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Wendy Siegelman

Wendy Siegelman Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @WendySiegelman

Wendy Siegelman Profile picture
27 Jun
Behind Naftali Bennett’s Payoneer payday - Leaked US Treasury docs reveal that the soon-to-go-public company Payoneer, where the new prime minister was an early investor and may make $5 million, did business with internet bottom feeders by @SimonaWeinglass
timesofisrael.com/behind-bennett…
Payoneer founded in 2005 is one of the largest online money transfer platforms in the world with customers such as Amazon, Airbnb

Israeli PM Bennett reportedly introduced Payoneer's CEO & founder

24 of 2500 #FinCENFiles docs list Payoneer from 2011-2016

timesofisrael.com/behind-bennett…
A SAR (suspicious activity reports) was filed in 2016 on Alcuda Ltd a customer of Payoneer

Alcuda, which at the time was owned by Max Polyakov, was rumored to run scam dating websites

Payoneer said it terminated contracts with flagged companies years ago
timesofisrael.com/behind-bennett…
Read 5 tweets
Wendy Siegelman Profile picture
22 Jun
Turkish businessman Sezgin Baran Korkmaz arrested in Austria for allegedly laundering $133million+ in fraud proceeds related to scheme by Jacob & Isaiah Kingston and Levon Termendzhyan

Korkmaz was an ally of Ekim Alptekin who hired Michael Flynn in 2016

justice.gov/opa/pr/turkish…
Read 5 tweets
Wendy Siegelman Profile picture
11 Jun
US entertainer/businessman Prakazrel “Pras” Michel (ex-Fugees member) and Malaysian national Low Taek Jho charged with back-channel lobbying campaign (w/Elliott Broidy, Nickie Lum Davis) to drop 1MDB investigation and remove Chinese dissident (Bannon partner Guo Wengui) from US
Per superseding indictment Jho Low & Pras Michel allegedly conspired w/Broidy, Davis & others at direction of Low and Vice Minister of Public Security for People’s Republic of China to get Trump admin and DOJ to drop 1MDB case and extradite Guo Wengui
justice.gov/opa/pr/us-ente…
In May 2019 Michel & Low were charged for allegedly orchestrating & concealing a foreign & conduit contribution scheme in which they funneled millions of dollars of Low’s money into US presidential election as legitimate campaign contributions while concealing true source of $
Read 4 tweets
Wendy Siegelman Profile picture
10 Jun
I recently learned Steve Bannon has a nephew who has worked with him - In 2018 Bannon's nonprofit Citizens of the American Republic made $15,000 in grants and $250,000 in loans & payments to Bannon’s film company and $40,000 in payments to his nephew Sean
propublica.org/article/federa…
In addition to paying his nephew Sean $40,000, Bannon's sister Mary E. Meredith, was listed as vice president of Citizens of the American Republic on their 2018 990 filing and earned $20,000 for her 40 hours per week of work
propublica.org/article/federa…
This @Graphika_NYC report notes that trademark filings from September 2020 for G-Fashion have Bannon’s nephew, Sean C. Bannon, listed as the signatory with his position given as COO. G-Fashion is Guo Wengui's fashion brand.

public-assets.graphika.com/reports/graphi…
Read 4 tweets
Wendy Siegelman Profile picture
10 Jun
A newly unsealed (& wild) complaint by Yuri Vanetik against Pavel Fuks includes claims of RICO violations, fraud, defamation etc

Fuks paid Vanetik (GOP bundler & Rohrabacher assoc) $200K for inauguration tickets and in 2019 sued Vanetik

HT @StacyJannis

assets.documentcloud.org/documents/2080…
Pavel Fuks, who around 2008 was involved in one of many discussions to build a Trump Tower in Moscow, hired Rudy Giuliani and worked closely with Andrei Telizhenko (now sanctioned by the US)

Yuri Vanetik was involved in another bitter lawsuit with Elliott Broidy over a failed Russian oil deal

Read 6 tweets
Wendy Siegelman Profile picture
4 Jun
Exclusive: Erik Prince takes role in COVID vaccine venture - COVID-19 vaccine is being developed by privately-held US firm COVAXX

Other backers include Peter Diamandis & Tony Robbins, In March COVAXX raised $1.35billion in private placement per SEC filing
reuters.com/article/idUSKC…
Prince sought to recruit the late Paul Behrends (ex Blackwater lobbyist & Rohrabacher staffer) to help in the project

Prince's Windward Wyoming LLC set up in 2020 says it has a “global distribution” deal w/COVAXX - as Prince sought to profit off vaccine

reuters.com/article/idUSKC… Image
An entity called Windward Capital, with an address in Abu Dhabi, was authorized to "assist in the process of creating distribution networks."

A similarly named Windward Holdings is listed in Abu Dhabi with Erik Prince the sole named shareholder

reuters.com/business/healt… Image
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @WendySiegelman has new unrolls!

Check out other threads from @WendySiegelman!

Read all threads by @WendySiegelman

:(