Trump Org. CFO to plead guilty, testify against company

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

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.

Long 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. But after Vance left office, his successor, Alvin Bragg, allowed the grand jury to disband without charges. Both prosecutors are Democrats. Bragg has said the investigation is continuing.

Under state law, punishment for the most serious charge against Weisselberg, grand larceny, could carry a penalty as high as 15 years in prison. But the charge carries no mandatory minimum, and most first-time offenders in tax-related cases never end up behind bars.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This time This time

Propaganda

Lol

Beautiful! Love how the case against trump just keeps building. They are doing a great job of nailing him and his cronies. The day he too is locked up it will be a celebration!

Wait til that Mueller report comes out...

Justin Trudeau is lying daily to Canadians - who cares about trump - we have a criminal for a PM there is ur news story

You’ve tweeted about trump like 10 times today. So obsessed. You miss his ratings?

The testimony of guilty people seeking a sentencing deal is so reliable.

Smear Trump. Praise Dems. CTV. Low-grade journalism.

Ahhh.... the one sided hate by Bots, , Looney Liberals, Trump disphoria and violent mentally ill people. This is an indication that Trump is coming back. GOOD!

seriously you people know so little about business its shameful

Cool. When are you firing Michael Melling?

Lol they will send Trump to prison forever just for a shot at winning the midterms

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines