Indictments against the Trump Organization and chief financial officer Allen Weisselberg were released Thursday afternoon, with prosecutors saying “This was a 15-year-long tax fraud scheme,” and one that was “orchestrated by the most senior executives.” According to the indictment,  the scheme was “to compensate Weisselberg and other Trump Organization in a manner that was ‘off the books.’”

There are 15 felony charges along with the 15 years of the tax fraud scheme. Weisselberg allegedly avoided $1.76 million in taxes, evading New York City taxes by pretending he was not a resident of the city. But Weisselberg wasn’t acting alone, according to the indictment. His tax evasion was part of a broader scheme by his employer. Weisselberg is charged with crimes including grand larceny. The Trump Organization was charged with a scheme to defraud. Both Weisselberg and the Trump Organization pleaded not guilty.

Thursday, Jul 1, 2021 · 7:24:14 PM +00:00 · Laura Clawson

Trump statement: “The political Witch Hunt by the Radical Left Democrats, with New York now taking over the assignment, continues. It is dividing our Country like never before.”

While a press release from the Trump Organization portrayed the investigation and then-forthcoming charges as a “scorched-earth attempt to harm the former president,” Manhattan District Attorney’s office general counsel Carey Dunne said, “Politics had no role in the grand jury chamber and I can assure you it had no role here.”

”To put it bluntly,” Dunne said, “this was a sweeping and audacious illegal payments scheme.”

The Trump Organization paid for tuition for Weisselberg’s grandchildren—with the checks signed by Donald Trump—as well as furniture and carpeting for his home in Florida. These payments were treated internally as compensation, but weren’t reported as compensation on his W-2 forms or for other relevant tax purposes.

The charges here are significant, but they’re also presumably intended to put pressure on Weisselberg to cooperate with prosecutors to help bring even more serious charges against the Trump Organization and, who can say, perhaps some of the family members behind the family business. Weisselberg was released on his own recognizance, but did surrender his passport after prosecutors raised concerns he could be a flight risk.