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Trump Organization CFO, Allen Weisselberg leaves Manhattan Criminal Court after his July 1 arraignment in State Supreme Court in New York City. Photo: Michael M. Santiago/Getty Images

The Trump Organization has removed chief financial officer Allen Weisselberg from leadership positions in its subsidiary firms following his indictment on tax-related charges, the Wall Street Journal first reported Monday.

Why it matters: New York prosecutors have been pushing to press the longtime Trump associate, who's pleaded not guilty to charges including grand larceny, to cooperate in their investigation into the Trump organization.

  • The removal of the Weisselberg's name from over 40 subsidiaries in corporate filings "could avoid questions from regulators, lenders or vendors, by leaving out the name of an indicted executive," the Washington Post notes.

What's happening: Weisselberg was last Thursday removed as a director of the firm that runs the Trump Organization golf course in Aberdeen, Scotland, per a Washington Post review of British corporate records.

  • The company submitted paperwork in Florida the following day to remove Weisselberg as a director at 40 other subsidiaries in the state, according to WashPost and the Wall Street Journal's review of online database of Florida records.
  • Weisselberg will remain at the Trump Organization, per multiple reports. This includes staying on as CFO, according to the WSJ.
  • The Trump Organization did not immediately respond to Axios' request for comment.

Go deeper

Updated Sep 24, 2021 - Politics & Policy

Biden unlikely to shield Trump White House records from Capitol riots probe

Photos: Anna Moneymaker and Brandon Bell via Getty Images

President Biden is unlikely to invoke executive privilege to shield any Trump White House records from the House investigation of the Capitol insurrection, Press Secretary Jen Psaki said Friday.

Why it matters: Though Psaki said they would evaluate on a case-by-case basis, it puts a dent in former President Trump's plan to block requests for Jan. 6 information by claiming executive privilege, a legal theory that can allow presidents and their aides to sidestep congressional scrutiny, per the Washington Post.

Mike Allen, author of AM
2 hours ago - Energy & Environment

Laurene Powell Jobs' $3.5 billion climate campaign

Laurene Powell Jobs, president of Emerson Collective, is investing $3.5 billion in her new climate-action group, the Waverley Street Foundation — all to be spent in 10 years, as a way to show urgency on the issue.

  • Then the group will sunset.

The big picture: The foundation "will focus on initiatives and ideas that will aid underserved communities who are most impacted by climate change," an official tells Axios.

R. Kelly found guilty of racketeering and sex trafficking

Photo: Nuccio DiNuzzo/Getty Images

Singer R. Kelly on Monday was found guilty of racketeering and eight counts of violating an anti-sex trafficking law, the New York Times reports.

Why it matters: Sexual misconduct allegations have surrounded R. Kelly's career, including a child sexual abuse image case in 2008 where he was acquitted. Multiple other victims have come forward to speak about the abuse in recent years.