Trump Indicted on Falsification of Business Records
34 Felony Counts Detailed in New York Indictment
Prosecutors Unseal Charges Related to Trump Organization
An indictment unsealed Tuesday against former President Donald Trump alleges 34 felony counts of falsifying business records. The charges stem from allegations that Trump and his associates inflated the value of the Trump Organization's assets and revenues to obtain favorable loans and tax benefits.
Prosecutors in New York unsealed the indictment and accompanying statement of facts, which provide a detailed account of the charges against Trump and his associates. The indictment accuses Trump of approving false financial statements, including those used to obtain loans from Deutsche Bank and Signature Bank.
The indictment also alleges that Trump's associates, including former Trump Organization CFO Allen Weisselberg, participated in the scheme to inflate the value of the company's assets and revenues. Weisselberg pleaded guilty in August 2022 to 15 felony counts related to the investigation.
Trump has denied the charges and has called the investigation a "witch hunt." He has previously accused prosecutors of targeting him for political reasons.
The indictment is the latest in a series of legal challenges against Trump. He is also facing a criminal investigation into his handling of classified documents after leaving office.
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