By BERNARD CONDON
Associated Press
The indictment may make it harder for Trump to strike new deals, get bank loans and bring in new money to his sprawling and indebted business.
The former president himself was not charged by prosecutors, but investigations are ongoing.
Here s a look at the company and the challenge it now faces:
WHAT IS THE TRUMP ORGANIZATION?
The company is a business entity encompassing hundreds of firms and partnerships that own or manage office buildings, hotels, residential towers, golf clubs, branding rights, licensing deals and other assets around the world.
Those various businesses share staff with the Trump Organization, including Trumpâs two adult sons, Donald Jr. and Eric, both executive vice presidents, and Allen Weisselberg, the indicted chief financial officer.
EXPLAINER: How could the indictment hurt Trump s company?
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EXPLAINER: How could the indictment hurt Trump s company?
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EXPLAINER: How could the indictment hurt Trump s company?
BERNARD CONDON, Associated Press
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1of3The Trump Organization s Chief Financial Officer Allen Weisselberg, second from left, arrives to a courtroom in New York, Thursday, July 1, 2021. Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme that saw the Trump executive allegedly receive more than $1.7 million in off-the-books compensation, including apartment rent, car payments and school tuition.Seth Wenig/APShow MoreShow Less
2of3Alan Futerfas, an attorney with the Trump Organization s defense team, leaves court, Thursday, July 1, 2021 in New York. New York prosecutors announced the first criminal indictment in a two-year investigation into Trump s business practices, accusing his namesake company and Allen Weisselberg of tax crimes related to fringe benefits for employees.Mark Lennihan/APS