Ex Trump Org. CFO Allen Weisselberg pleads guilty to tax fraud

WASHINGTON — Allen Weisselberg, the former chief executive of the Trump Organization, pleaded guilty Thursday to multiple charges of tax fraud in a case involving the company’s business dealings.

Weisselberg, 75, agreed to pay nearly $2 million in taxes, interest and fines and serve five months in prison on Rikers Island, followed by five years of probation, the judge said.

Weisselberg and the Trump Organization were indicted in June 2021 in what prosecutors have described for 15 years as an “off the books” scheme to help top officials in the Trump Organization evade taxes. Weisselberg was accused of evading paying taxes on $1.7 million of his income.

On Thursday, Weisselberg said in court that he understood he could face up to 15 years in prison if he doesn’t pay back taxes or testify truthfully at the Trump Organization trial this fall.

His attorney, Nicholas Gravante Jr., said in a statement that Weisselberg pleaded guilty “to put an end to this case and the years of legal and personal nightmares it has caused him and his family. Rather than the possibility of Risking 15 years in prison, he has agreed to serve 100 days. We’re glad this is behind him.”

Manhattan District Attorney Alvin Bragg said in a statement that Weisselberg used his position at the company “to fool taxpayers and enrich himself.”

“Instead of paying his fair share like everyone else, Weisselberg had the Trump Organization give him a rent-free apartment, expensive cars, private school lessons for his grandchildren, and new furniture — all without paying the required taxes,” Bragg said. Plea deal directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to give invaluable testimony in the upcoming lawsuit against the company.”

The Trump organization is facing separate charges, but there is no charge of criminal misconduct against Trump, who has faced long-dormant criminal investigations on multiple fronts that have attracted national attention since the FBI opened its Florida estate last year, Mar. -a-Lago, searched. week. There is also no indication that Weisselberg will cooperate in any investigation into Trump personally.

A Trump Organization spokesperson said in a statement Wednesday that Weisselberg is an “honorable man who has been harassed, persecuted and threatened for the past 4 years by law enforcement, most notably the Manhattan District Attorney, in their never-ending, politically motivated quest to assassinate President Trump.” to get.”

The spokesperson added that they are “looking forward to our day in court”.

Bragg said in his statement: that the investigation into Trump and the company is ongoing.

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