Manhattan DA Cyrus Vance Jr.'s investigation comes in light of statements made by President Trump's former personal attorney, Michael Cohen, during his guilty plea proceeding in federal court this week. He admitted he violated campaign finance law by helping provide Trump's campaign excessive and illegal contributions. The Trump Organization did not respond to a request for comment.
As the president exited Washington for a day trip to OH on Friday, a White House official said Trump was unhappy with what he perceived as disloyalty but far from melting down.
Weisselberg, an intensely private, loyal numbers-man for Trump, was mentioned on an audiotape that Cohen's lawyer released in July of Cohen talking with Trump about paying for Playboy model Karen McDougal's silence in the months leading up to the election.
On the recording, Cohen is heard saying, "I've spoken to Allen Weisselberg about how to set the whole thing up". But Giuliani said Trump's legal team had been through the executive's business dealings and found nothing that could threaten the president. In the fall of 2016, weeks before the election, Cohen had set up a limited liability company in DE to hide the deal he made to silence the pornographic film actress Stormy Daniels about an affair she said she had with Trump. If Vance proceeds, it is expected that he will coordinate his investigation with federal prosecutors to make sure his office is not duplicating or interfering with their efforts, the person said.
Cohen said the payment was made for the "principal goal of influencing [the 2016] election". He said Trump directed him to arrange the payments.
"Please pay from the Trust", executive 1 is quoted directing to another unnamed employee. The Trump Organization recorded some of the payments to Cohen as tax-deductible legal expenses.
Trump has repeatedly denied there was coordination between Moscow and his campaign.
The identities of executive one and two are still unknown.
He was there in the lobby of Trump Tower in June 2015 when his boss descended an escalator and changed history by declaring his candidacy for president.
The red line that Senate Republicans drew previous year against President Trump firing Attorney General Jeff Sessions is beginning to dissolve.
Weisselberg got his start in the family business by working as an accountant for Trump's father and real estate magnate Fred Trump in the 1970s.
And aside from Mr Trump, he is perhaps best qualified to answer two of the big questions about the businessman-turned-president over the years: Is he really worth $US10 billion, as he claims, and what is in his tax returns? Mr Trump testified in a case years ago that Mr Weisselberg was the one who values his properties and other assets.
One of the executives is American Media Chief Executive David Pecker, a longtime Trump friend, according to the reports.
Despite the momentary levity, though, Trump is increasingly frustrated and isolated as the investigations that have long dogged his White House plunge into the personal territory he once declared off-limits.