NEW YORK: A top executive at former President Trump’s family business pleaded guilty on Thursday to evading taxes in a deal that could potentially make him a star witness against the company at a fall trial. Trump Organisation CFO Allen Weisselberg pleaded guilty to all 15 of the charges he faced in the case. He admitted taking in over $1.7 million worth of untaxed perks – including school tuition for his grandchildren, free rent for a Manhattan apartment and lease payments for a luxury car – and explicitly keeping some of the plums off the books.
The judge agreed to sentence Weisselberg to five months’ incarceration at New York City’s Rikers Island jail complex, although he will be eligible for release much earlier if he behaves well behind bars. The judge said Weisselberg will have to pay nearly $2 million in taxes, penalties and interest. 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 accurately report their full compensation to the government. Trump himself is not charged in the case.
Manhattan district attorney Alvin Bragg said that Weisselberg’s plea “directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony against the corporation.” If convicted, the company could face fines or potentially be placed on probation and be forced to change certain business practices.
The judge agreed to sentence Weisselberg to five months’ incarceration at New York City’s Rikers Island jail complex, although he will be eligible for release much earlier if he behaves well behind bars. The judge said Weisselberg will have to pay nearly $2 million in taxes, penalties and interest. 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 accurately report their full compensation to the government. Trump himself is not charged in the case.
Manhattan district attorney Alvin Bragg said that Weisselberg’s plea “directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony against the corporation.” If convicted, the company could face fines or potentially be placed on probation and be forced to change certain business practices.
For all the latest world News Click Here
Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
