But now that this long-awaited indictment has been unsealed, what does it tell us about these charges and about the possibility of charges for additional crimes and against additional defendants?
The indictment alleges the commission of other crimes in addition to the scheme to defraud in the first degree, namely grand larceny in the second degree — the second most serious white-collar crime available to state prosecutors in New York — along with various charges for falsifying records. And District Attorney Cyrus Vance has alleged that defendant Weisselberg not only evaded New York State and New York City taxes, but also evaded federal taxes, increasing the potential tax loss amount significantly. (While state authorities cannot charge the federal crime of evading federal taxes directly under state law, they can use the federal loss amount in charging the intended scope of the scheme to violate state law, as they have done here). All of this means that this is a bigger case, and a bigger headache for Trump and his company, than what was first believed.
But I think that Weisselberg's importance as a cooperator may not be as great as it previously seemed. Particularly given the language in the indictment pointedly describing other participants in the scheme, it appears at least possible, if not likely, that other charges will be forthcoming whether or not Weisselberg cooperates, because prosecutors either have other important witness testimony, or they can make their case using documentary evidence, or a combination of both.
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