Allen Weisselberg’s name is back in play.
The longtime money manager for The Trump Organization is among the top names newly elected Democrats, who now control the House of Representatives, want to talk to under oath in light of Michael Cohen’s testimony Wednesday before the House Oversight Committee.
According to a new report in Politico, Weisselberg could seriously damage Trump, if forced to testify.
“Weisselberg has negotiated Trump’s loans, co-signed his accounts and helped complete his personal taxes,” Politico noted. “After Trump became president, Trump turned over the day-to-day operations of his company to his two adult sons and Weisselberg.”
And even though the money manager has already agreed to work with federal prosecutors in New York regarding the “hush payments” made to Stormy Daniels, according to Politico, so far, the scope of what Weisselberg has had to give up is extremely narrow, which is why he still is employed by, and in the good graces of, Trump.
“Trump and his aides aren’t worried,” the magazine says of Weisselberg’s co-operation so far with prosecutors. “They believe that Weisselberg’s testimony was limited to a narrow set of topics involving Cohen…that likely explains why Weisselberg still works as chief financial officer of The Trump Organization.”
But all that could change if Democrats subpoena Weisselberg and get him under oath to testify about a more wide-ranging examination of all Trump’s finances. And crossing that proverbial “red line” is what some Democrats in the House, such as Alexandria Ocasio-Cortez (D-NY), laid the ground work for doing Wednesday when Michael Cohen was before them.
“There seems to be overlap in a lot of the private matters with the president,” Stephen Lynch (D-MA.), who chairs a key House subcommittee on national security issues, told Politico. “I think if there’s any one person who has a view of that and a perspective of that and a granular understanding of that, it will be Mr. Weisselberg.”
If Democrats do manage to get the Trump Organization Chief Financial Officer under oath about a wide range of topics, the fallout might be considerable for Trump, some say.
“Cohen said Weisselberg worked with Trump to inflate assets to insurance companies and to improperly devalue Trump’s assets,” Politico noted of new details Cohen revealed under oath to Congress on Wednesday.
Read Politico’s full report here.