The Trump Organization. CFO convicted, testifies against company
NEW YORK (AP) Donald Trump's chief monetary officer is expected to plead guilty to tax violations Thursday
In a deal that requires him to testify about illegal enterprise practices at the former president's firm, two people familiar with the matter advised Associated Press.
Allen Weiselberg is accused of taking more than $1.7 million in off-the-book compensation from the Trump Organization over several years,
including untaxed benefits such as leases, automobile funds, and faculty tuition.
The plea deal requires Weiselberg to speak in a court docket Thursday about the firm's role in the alleged compensation association
and possibly serve as a witness when the Trump Organization goes to trial over related expenses in October, the people said.
The two men were not authorized to speak publicly about the case and did so on condition of anonymity.
Weiselberg, 75, is likely to receive a five-month prison sentence, to be served at New York City's infamous Rikers Island,
and must pay back nearly $2 million in taxes, fines, and interest. , the person stated. If that penalty is upheld, Weiselberg could be eligible for launch about 100 days later.
Under state regulations, perhaps the most significant charge against Weiselberg, grand larceny, can carry penalties as steep as 15 years in prison.
But costs carry no required minimum, and most first-time offenders in tax-related instances never find themselves behind bars.
Tax fraud charges against the Trump Organization are punishable by twice the amount of the highest unpaid tax or $250,000, whichever is greater.
Trump has not been charged in the legal investigation. The Republican denounced the New York investigation as a "political witch hunt" and said his
firm's actions were customary in real property enterprises and not criminal offenses.
Last week, Trump sat down to give a deposition in a parallel civil investigation by New York Attorney General Leticia James into accusations that Trump Farm
misled creditors and tax authorities about the value of assets. Trump has invoked his Fifth Amendment protection against self-incrimination in more than 400 instances.