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Former President Trump and Trump Organization chief financial officer Allen Weisselberg at Trump Tower in New York City in 2017. Photo: Timothy A. Clary/AFP via Getty Images

The New York attorney general's office has begun a criminal tax investigation into Trump Organization chief financial officer Allen Weisselberg, CNN first reported Wednesday.

Why it matters: Weisselberg has not been accused of any wrongdoing, but investigators are pushing for him to cooperate with them in their investigation into former President Trump's organization, per CNN and the New York Times.

  • The office of New York Attorney General Letitia James (D) announced on Tuesday a criminal investigation into the Trump Organization, working with the Manhattan district attorney's office while also keeping open its civil inquiry into the company's financial records.
  • The investigation is looking into potential bank, tax and insurance fraud.

The big picture: Investigators from the Manhattan District Attorney's Office last month reportedly seized financial records from Jennifer Weisselberg, the former daughter-in-law of Allen Weisselberg.

  • James' investigators are looking at "whether taxes were paid on fringe benefits" from Trump gave him, "including cars and tens of thousands of dollars in private school tuition for at least one" of Weisselberg's grandchildren, the Times reports.
  • Manhattan District Attorney Cy Vance's office is examining the CFO's Trump Organization role, personal finances and benefits allegedly given to his son Barry Weisselberg, who is also a Trump Organization employee, according to CNN.

What they're saying: James' office declined to comment and representatives for the Trump Organization did not immediately respond to Axios' request for comment. Trump said earlier Wednesday that the investigation "is in desperate search of a crime."

"These investigations have also been going on for years with members and associates of the Trump Organization being viciously attacked, harassed, and threatened, in order to say anything bad about the 45th President of the United States."
— Trump

Go deeper: Donald Trump's legal troubles become criminal

Go deeper

"Perfect storm" blocks Trump-era FEC probes

Former President Trump arrived at Trump Tower last Sunday. Photo: James Devaney/GC Images

A "perfect storm" of procedural blockades prevented the investigation and sanctioning of alleged Trump campaign election law violations, regulators said this week.

Why it matters: Legitimate cases are being dismissed. And critics say the Federal Election Commission's inability to crack down on many bad actors has undercut the threat of enforcement, and turned campaign financing into the Wild West.

Time's Up CEO resigns amid Cuomo scandal

Tina Tchen speaks at a demonstration calling for Care Work to be recognized as Climate Work on July 13. Photo: Jemal Countess/Getty Images for Green New Deal Network

President and CEO of Time's Up Tina Tchen announced her resignation Thursday amid revelations that leaders of the sexual harassment victims’ advocacy group advised former New York Gov. Andrew Cuomo on how to respond to harassment allegations.

Background: Tchen had led the organization since 2019 and co-founded Time’s Up Legal Defense Fund with attorney Roberta Kaplan, who also resigned. Tchen was previously chief of staff to former first lady Michelle Obama.

2 mins ago - Health

The drugs pushing prescription prices down for Medicare patients

Illustration: Annelise Capossela/Axios

Although net prices of brand-name drugs have increased significantly over the last decade, the savings produced by generics have actually driven average prescription prices down in Medicare's pharmacy benefit and Medicaid, according to a new analysis by the Congressional Budget Office.

Why it matters: The analysis reiterates that the generic market is largely working as intended.