Now that Trump Organization CFO Allen Weisselberg is reportedly just days away from criminal indictment in New York, there has been a lot of speculation about whether he’ll cut a plea deal against Donald Trump and the Trump family. There has also been similar speculation about Trump Organization COO Matthew Calamari, who is also reportedly under threat of indictment. But lost in all this is another name.
About three weeks ago, Trump Organization Controller Jeff McConney testified to the New York grand jury. By all accounts, the Controller is the second-most important financial officer in a company, behind the CFO. Under New York law, McConney automatically received immunity once he showed up to testify.
So if McConney’s testimony was cooperative and honest, then this can be seen as a quasi-immunity deal. If New York prosecutors were looking for a top Trump Organization insider to provide context for the financial crimes that prosecutors already have documentation of in seized financial records, then they already have their man. If they can get Weisselberg and/or Calamari to flip, then they’ll be piling on for good measure.
One thing to watch for this week: if Jeff McConney’s testimony was uncooperative or untruthful, then New York prosecutors can indict him for obstruction. So if McConney gets swept up in the initial round of criminal indictments, it’ll mean that his testimony was a bust. But if prosecutors leave McConney alone, it’ll be a signal that his testimony was indeed legitimate, and that he’s their inside man.
Bill Palmer is the publisher of the political news outlet Palmer Report