The Trump Organization has decided to go without a chief financial officer now that Allen Weisselberg, who last had the position, is serving his second jail sentence.
Donald Trump’s family company’s decision to forgo having a top financial executive was a footnote in the latest report from a former federal judge tasked with ensuring that the company operates honestly. The filing was made on Tuesday as part of the court order issued in February that the Trump Organization must pay nearly half a billion dollars for committing bank fraud over a decade.
The Trump real estate empire is undergoing internal changes, Barbara S. Jones, the former federal judge who has been serving as the company’s monitor for more than a year, wrote in the report. The purpose is to prevent additional bank and insurance fraud.