firstname.lastname@example.org (Jake Epstein,Laura Italiano)
Former Trump Organization CFO Allen Weisselberg will plead guilty to a tax evasion scheme by the company as part of a settlement with the Manhattan District Attorney’s Office on Thursday, Insider has learned.
Weisselberg agreed to testify, but a source with knowledge of the deal told Insider that Weisselberg has nothing incriminating to say about anyone with Trump’s last name and if called to testify he would say exactly that.
Weisselberg, 75, will only serve 5 months – 100 days – in prison. That’s a good result given that the main charge of grand larceny for allegedly pocketing thousands of fraudulently obtained federal tax refunds usually carries a mandatory minimum sentence of one year behind bars — and a maximum possible sentence of 15 years.
Weisselberg, the longtime top executive of the Trump Organization, was should plead guilty in an agreement. He and the organization face 15 counts which include scheme to defraud, conspiracy and grand larceny.
The charges stemmed from a “drastic and audacious payment scheme,” prosecutors said, where Weisselberg avoided paying taxes on up to $1.7 million of his earnings beginning in March 2005.
This story is developing. Please check for updates.