Trump Organization CFO strikes plea deal requiring testimony in tax fraud case: sources
Global News
The deal requires Allen Weisselberg to speak in court about the company's role in an alleged compensation scheme and possibly serve as a witness when the company goes on trial.
Donald Trump’s chief financial officer is expected to plead guilty to tax violations Thursday in a deal that would require him to testify about illicit business practices at the former president’s company, two people familiar with the matter told The Associated Press.
Allen Weisselberg is charged with taking more than $1.7 million in off-the-books compensation from the Trump Organization over several years, including untaxed perks like rent, car payments and school tuition.
The plea deal would require Weisselberg to speak in court Thursday about the company’s role in the alleged compensation arrangement and possibly serve as a witness when the Trump Organization goes on trial in October on related charges, the people said.
The two people were not authorized to speak publicly about the case and did so on condition of anonymity. The plea deal and its details were also confirmed by the New York Times.
Weisselberg, 75, is likely to receive a sentence of five months in jail, to be served at New York City’s notorious Rikers Island complex, and he could be required to pay about $2 million in restitution, including taxes, penalties and interest, the people said. If that punishment holds, Weisselberg would be eligible for release after about 100 days.
Messages seeking comment were left with the Manhattan district attorney’s office and lawyers for Weisselberg and the Trump Organization.
Weisselberg is the only person to face criminal charges so far in the Manhattan district attorney’s long-running investigation of the company’s business practices.
Seen as one of Trump’s most loyal business associates, Weisselberg was arrested in July 2021. His lawyers have argued the Democrat-led district attorney’s office was punishing him because he wouldn’t offer information that would damage Trump.
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