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Trump Organization CFO Pleads Guilty in Tax Evasion Case, Could Become Star Witness Against Company

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Trump Organization CFO Allen Weisselberg pleaded guilty to evading taxes in a deal with prosecutors that could potentially make him a star witness against the company at a trial this fall.

Trump Organization’s former Chief Financial Officer Allen Weisselberg, center, leaves court, Thursday, Aug. 18, 2022, in New York.

The plea bargain also requires Weisselberg to testify truthfully as a prosecution witness when the Trump Organization goes on trial in October on related charges. The company is accused of helping Weisselberg and other executives avoid income taxes by failing to report their full compensation accurately to the government. Trump himself is not charged in the case.

In a statement, the company accused prosecutors of trying to pressure Weisselberg to cast aspersions on Trump, and of stretching to make a criminal case out of familiar executive perks such as a company car. The district attorney has also been investigating whether Trump or his company lied to banks or the government about the value of its properties to obtain loans or reduce tax bills.

 

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Former Trump Organization CFO Allen Weisselberg to plead guilty, testify against companySources 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.
Source: CBSNewYork - 🏆 268. / 63 Read more »