Trump’s ‘quiet’ exec who handles his financial documents has ALREADY testified to the grand jury with first-hand knowledge of the discussions between the president and CFO Allen Weisselberg
- Jeff McConney joined the Trump Organization in 1987 and rose to become senior vice president and controller
- He is believed to be the first senior employee to testify before Manhattan grand jury hearing evidence against Trump
- Insiders said he was ‘not a blabber’ and has been a loyal servant to Trump and his business for decades
- His position means he has access to key financial documents and is a trusted insider
- ‘He takes instruction well, and has followed orders faithfully and very carefully,’ said a member of Trump World
Jeff McConney has a reputation in Trump World as a loyal foot soldier of 34 years standing, whose own family has followed him into the Trump Organization and who has seen all the most important documents.
Now he is emerging as one of the key witnesses as prosecutors go after former President Donald Trump.
He has already testified before a grand jury empanelled by the Manhattan District Attorney’s office to hear evidence against Trump and his business, according to multiple reports, but insiders are confident he will not flip on his boss.
As senior vice president and controller at the Trump Organization he would have prepared documents such as asset evaluations or taxes for Trump himself and chief financial officer Allen Weisselberg.
‘Think of the Trump Organization as a small, one-teller bank,’ Michael Cohen, Trump’s longtime fixer told The Daily Beast.
‘Donald would be the president. Allen would be the branch manager.
‘Jeff would be the teller. Every single transaction was booked through McConney.’
Jeff McConney (center) has testified before a Manhattan grand jury hearing evidence against former President Donald Trump and his business. McConney is senior vice president and controller at the Trump Organization, giving him a key role in preparing financial documents. He is pictured here in 2011 with Donald Bender (left), the Trump Organization’s tax accountant at Mazars USA
Insiders say Trump is not worried about the Manhattan investigation, but in public he has railed against the ‘witch-hunt’ which he says is designed to wreck his presidential ambitions
Reports suggest prosecutors want to ‘flip’ Trump Organization chief financial officer Allen Weisselberg, seen here in 2017 behind President Trump and his son Don Jr.
That makes him a crucial figure for an investigation reportedly probing whether the Trump Organization inflated the value of assets when it was seeking loans, but reduced them when calculating tax liabilities.
Insiders say Trump is unworried by the investigations, dismissing them more as a costly irritant than a threat to his business or political future.
And they told the Daily Beast that McConney had a reputation for loyalty and keeping his mouth shut. ‘Not a blabber,’ is how one source put it.
The result is little fear that he will turn on his boss.
‘He takes instruction well, and has followed orders faithfully and very carefully,’ another of the sources said.
Yet his understanding of the paper trail is reportedly vast.
The extent of his knowledge of Trump’s finances was revealed in depositions six years ago, when Weisselberg gave evidence about the collapse of Trump University.
Documents obtained by the New York Daily News showed that Weisselberg took care of payroll payments.
Manhattan District Attorney Cyrus R. Vance, Jr. is stepping down at the end of the year, putting time pressure on the probe. Trump Organization CFO Allen Weisselberg faces pressure following reports that the company paid expensive private school tuition for his grandchildren
‘Jeff McConney took care of the actual movement of money,’ he said.
The Trump Organization’s process for moving large sums of money outside was for McConney to ‘prepare a memorandum that we have to move money,’ and then either Allen or Trump would approve or deny the request.
Trump described some of the process in a 2007 issue of Worth magazine, in which he praised his in-house advisers including McConney and Weisselberg
‘I listen to what they have to say, and make my own decisions in the final analysis,’ he said. ‘I know the responsibility rests with me, but I have excellent people and I respect their input.’
McConney’s LinkedIn page says he joined the Trump Organization in 1987.
And insiders said he maintained an unflashy lifestyle, commuting by train from the New Jersey home he bought when he started the job.
He often wears his loyalty around his neck in the form of a Trump brand tie.
And while others go out for lunch, he has his at his desk or watching golf with mid-level executives in a conference room.
Just as Trump makes his business a family affair, McConney’s son followed him into the company.
Justin McConney was assistant editor to the Trump-owned Miss Universe and Miss USA beauty pageants in 2009 and, later, worked on Trump’s reality TV show, The Apprentice – and for a brief time was known as the ‘Trump Twitter whisperer’ as the adviser who helped Trump build his social media presence from a few hundred thousand into the millions strong behemoth that helped win the 2016 election.
All of which puts the elder McConney in investigators’ sights.
‘McConney is supposed to be in charge of all financial and accounting controls. That’s what he does,’ Marty Shiel, a retired IRS special agent, told the Daily Beast.
‘If somebody is cooking the books, he almost has to be involved. If Weisselberg is the chief chef cooking the books, McConney has to be the sous chef.’