Inside the yearslong relationship between Trump and his CFO Allen Weisselberg, the Trump Organisation's top money man who 'knows of every dime that leaves the building'

TIMOTHY A. CLARY/AFP/Getty ImagesPresident Donald Trump, Allen Weisselberg, and Donald Trump Jr. at Trump Tower in New York.

In his testimony to Congress on Wednesday, Michael Cohen named a key figure he said could shed light on the investigation into President Donald Trump’s finances and business dealings: Allen Weisselberg, the chief financial officer of the Trump Organisation.

Weisselberg, an accountant who’s been involved with the Trump family since he did Fred Trump’s bookkeeping in the 1970s, is said to know more about the Trump Organisation’s finances than anyone else.

He was granted immunity last year to testify before a grand jury in the Manhattan US attorney’s office’s investigation into several hush-money payments that Cohen facilitated during the election to women who said they have had affairs with Trump. Corey Lewandowski, who formerly worked with the Trump campaign, wrote in a book he coauthored that Weisselberg “knows of every dime that leaves the building.”

Cohen also told Congress this week that Weisselberg was directly involved in a financially fraudulent scheme to reimburse Cohen for the hush-money payments using false invoices.

“If there’s a suspicion that Trump mishandled his taxes or misrepresented his income for tax or loan purposes – anything related to his finances – Weisselberg is the guy who will know,” Patrick Cotter, a former longtime federal prosecutor, told INSIDER.

The 71-year-old will now be called to testify before the House Intelligence Committee, INSIDER reported, sparking speculation over what kind of information he could reveal.

Here’s a look at the yearslong relationship between Weisselberg and Trump.


Weisselberg, an accountant, is the chief financial officer at the Trump Organisation. He avoids speaking to the media and is known to be extremely private.

TIMOTHY A. CLARY/AFP/Getty ImagesTrump and Weisselberg at Trump Tower in New York.

Source: Business Insider, The New Yorker


Weisselberg has been involved with the Trump family since the 1970s.

TIMOTHY A. CLARY/AFP/Getty ImagesFrom left: Eric Trump, Ivanka Trump, Donald Trump, Weisselberg, and Donald Trump Jr.

Source: Business Insider


Weisselberg started his career doing the books for Trump’s father, Fred Trump, for his many real-estate deals.

Source: The New York Times


In the late 1980s, he was working directly under Stephen Bollenbach, who was the Trump Organisation’s chief financial officer at the time.

BEN GABBE/Patrick McMullan via Getty ImagesStephen Bollenbach in New York City in 2009.

Source: Business Insider


And in 2000, Weisselberg became the CFO of Trump Hotels and Casino Resorts.

Source: Business Insider


Weisselberg also served as treasurer of the Trump Foundation, which is set to be dissolved after a lawsuit from the New York attorney general’s office that alleged “persistently illegal conduct” involving the foundation for over a decade.

Source: Business Insider


“Allen is the one guy who knows everything,” a former high-ranking Trump Organisation executive told The New Yorker in 2016.

TIMOTHY A. CLARY/AFP/Getty ImagesWeisselberg, Vice President Mike Pence, and Trump at Trump Tower in January 2017.

Source: Esquire, The New Yorker


Weisselberg is said to know more about the Trump Organisation’s financial dealings than anyone. Trump trusted him to sign off on the details of some of the company’s biggest deals.

Getty ImagesTrump stands with a model of a television and film production complex in New York in 1985.

Source: Bloomberg


In addition to his role as the money man for Trump’s business, Weisselberg also handled Trump’s personal accounts at times.

Getty ImagesTrump at the ‘topping-off’ ceremony at Trump Tower in NYC in 1982.

Source: CNN


Cohen, who pleaded guilty to multiple crimes related to the coordination of hush-money payments to two women, said Weisselberg could answer questions about the $US130,000 payment to the adult-film star Stormy Daniels. The New York Times reported that Weisselberg knew the details of the payments and the reimbursements to Cohen since 2017.

Drew Angerer/Getty ImagesStormy Daniels.

Source: The New York Times


In a secretly recorded conversation before the 2016 election, Cohen can also be heard telling Trump he consulted with Weisselberg on how to coordinate payments to the National Enquirer’s parent company, American Media Inc., to buy rights to a story about the former Playboy model Karen McDougal’s alleged affair with Trump.

Source: Business Insider


In August 2018, Weisselberg was granted immunity by federal prosecutors in exchange for grand-jury testimony. It’s unclear whether he will agree to appear before the House Intelligence Committee like Cohen.

Corey Sipkin/NY Daily News via Getty ImagesWeisselberg.

Source: Business Insider


But many see Weisselberg to be the best positioned, as the Trump Organisation’s bookkeeper, to help investigators unravel whether Trump or his family members committed financial crimes that have not yet come to light.

Source: Business Insider


“Weisselberg was there at the genesis,” Patrick Cotter, a former longtime federal prosecutor, said. “He knows this organisation from the beginning. That’s a star cooperating witness to have. He has the inside perspective, more than Cohen, more than anyone else. If you’re Trump, that’s the guy you don’t want to cooperate.”

Source: Business Insider

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.