Former Trump Organization CFO Allen Weisselberg to plead guilty, testify against company

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Sources say former Trump Organization CFO Allen Weisselberg has reached an agreement with prosecutors and is expected to plead guilty in a criminal tax fraud case.

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.

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.

 

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