Donald Trump’s company and his longtime finance chief were indicted on Wednesday following a New York investigation into the former president’s business dealings, two people familiar with the matter said.

The charges against the Trump Organization and the company’s CFO, Allen Weisselberg, remained sealed on Wednesday night.

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It is expected to focus on alleged tax violations related to benefits the company gave to top executives, possibly including use of apartments, cars and school tuition, people familiar with the case said.

The company and Weisselberg were expected to make their first court appearance on Thursday.

The criminal case stems from a two-year probe led by Manhattan District Attorney Cyrus Vance Jr., a Democrat in collaboration with NY state Attorney general Letitia James.

Prosecutors have been scrutinizing Trump’s tax records, subpoenaing documents and interviewing witnesses, including Trump insiders and company executives.

A grand jury was recently empaneled to weigh evidence and James said she was assigning two of her lawyers to work with Vance on the criminal probe while she continues a civil investigation of Trump.

Jason Miller, a longtime former senior adviser to the Republican, spun the looming charges as “politically terrible for the Democrats.”

“They told their crazies and their supplicants in the mainstream media this was about President Trump. Instead, their Witch Hunt is persecuting an innocent 80 year-old man for maybe taking free parking!” Miller tweeted, apparently referring to Weisselberg, who is 73.

Trump had blasted the investigation in a statement Monday, deriding Vance’s office as “rude, nasty, and totally biased” in their treatment of Trump company lawyers, representatives, and long-term employees.

Trump, in the statement, said the company’s actions were “things that are standard practice throughout the US business community, and in no way a crime” and that Vance’s probe was an investigation was “in search of a crime.”

Trump Organization lawyers met virtually with Manhattan prosecutors last week in a last-ditch attempt to dissuade them from charging the company. Prosecutors gave the lawyers a Monday deadline to make the case that criminal charges shouldn’t be filed.

Ron Fischetti, a lawyer for the Trump Organization, said this week that there was no indication Trump himself was included in the first batch of charges.

“There is no indictment coming down this week against the former president,” Fischetti said. “I can’t say he’s out of the woods yet completely.”

Weisselberg, a loyal lieutenant to Trump and his real estate-developer father, Fred, came under scrutiny, in part, because of questions about his son’s use of a Trump apartment at little or no cost.

Barry Weisselberg managed a Trump-operated ice rink in Central Park.

Barry’s ex-wife, Jen Weisselberg, has been cooperating with the investigation and turned over reams of tax records and other documents to investigators.

Allen Weisselberg has worked for the Trump Organization since 1973. The case against him could give prosecutors the means to pressure the executive into cooperating and telling them what he knows about Trump’s business dealings.

Prosecutors subpoenaed another long-time Trump finance executive, senior vice president and controller Jeffrey McConney, to testify in front of the grand jury in the spring. Under NY law, grand jury witnesses are granted immunity and can not be charged for conduct they testify about.

Prosecutors probing untaxed benefits to Trump executives have also been looking at Matthew Calamari, a former Trump bodyguard turned chief operating officer, and his son, the company’s corporate director of security. However, a lawyer, Nicholas Gravante for the Calamaris said Wednesday that he didn’t expect them to be charged.