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Allen Weisselberg, Former Trump Company CFO, Pleads Guilty to Tax Fraud

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Allen Weisselberg, the former chief financial officer of the Trump Organization, pleaded guilty Thursday to having conspired for years with the company in a fraud scheme, authorities announced.

Weisselbergwho worked for decades for the former US president’s business donald trump (2017-2021) and who is considered one of his most faithful squires, reached an agreement with the Prosecutor’s Office and will be sentenced to five months in prison, five years of probation and the payment of almost US $ 2 million to the public coffers .

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In addition, the executive agrees to testify if requested during the tax fraud trial that the Trump Organization is facing, which will start on October 24, although he has resisted cooperating with prosecutors in other investigations into the company. .

“Today Allen Weisselberg admitted in court that he used his position in the Trump Organization to defraud taxpayers and enrich himself”Manhattan District Attorney Alvin Bragg said in a statement, noting that the guilty plea “directly implicates the Trump Organization in a wide range of criminal activity.”

Bragg considered that the testimony of the former financial chief will be “priceless” during the trial against the company and made it clear that the investigations into the company and into the former president himself continue.

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Weisselberg He pleaded guilty to the 15 charges that had been charged against him, which include crimes of tax fraud, conspiracy and false documentation.

the company of Trump and the manager were accused last summer of operating a tax evasion scheme for more than 15 years, in which they allegedly paid executives “under the table”, giving them an important part of their compensation in a way that could reduce the payment of taxes.

The Trump Organization, as its former CFO has acknowledged, paid these people lower wages — thereby reducing their payroll taxes — while offering them sideline compensation that was not properly reported to the authorities.

Among other things, Weisselberg and other executives would have obtained accommodation, tuition for private schools and cash payments to cover all kinds of personal expenses.

The former financial director acknowledged this Thursday that he had pocketed more than US $ 1.7 million for which he did not pay taxes, as the prosecutors claimed.

The case is the result of the extensive investigations to which the Trump Organization has been subjected in recent years, but the former president, who has numerous legal fronts open both for his business and for his actions during and after his administration, is not charged. pass by the White House.

In New York, Trump He faces an investigation into his company’s business practices, for which he had to appear before the state Attorney General’s Office this month, although he refused to answer questions.

The former president also recently saw how the FBI searched his Florida mansion in search of classified documents that he allegedly took when he left power in 2021 and is facing several lawsuits for the attack on the Capitol in January of that year.


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Source: Gestion

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