Just in! Trump CFO Allen Weisselberg will plead guilty and be forced to testify in court against The Trump Corporation and the Trump Payroll Corporation.
According to the New York Times:
Allen H. Weisselberg, who for decades was one of Donald J. Trump’s most trusted executives, is expected to plead guilty on Thursday to a long-running tax scheme at the former president’s family business — a serious blow to the company that could imperil its chances in an upcoming trial.
The plea deal will allow Mr. Weisselberg, who was facing up to 15 years in prison, to spend as little as 100 days behind bars, according to people with knowledge of the matter. And it does not require Mr. Weisselberg, the Trump Organization’s longtime chief financial officer, to cooperate with the Manhattan district attorney’s office in its broader investigation into Mr. Trump, who has not been accused of wrongdoing.
But Mr. Weisselberg is expected to admit to all 15 felonies he was charged with and will have to testify about his role in a scheme to avoid paying taxes on lavish corporate perks, the people said. That requirement will put the company at a disadvantage and make Mr. Weisselberg a central witness at its trial in October, where it will face many of the same charges.
Weisselberg, 75, has been an employee of the Trump family for over five decades.
He first began as a junior bookkeeper with the Trump’s.
Over the years he rose the ranks to eventually becoming CFO.
His family has been well taken care of by the Trump family, including his family being provided with multiple homes and apartments.
This is a breaking news story and will be updated.
