Ex-CFO Allen Weisselberg Pleads Guilty to 15 Felonies, Set to Testify Against Trump Organization

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Ex-CFO Allen Weisselberg Pleads Guilty to 15 Felonies, Set to Testify Against Trump Organization
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'This plea agreement directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony in the upcoming trial against the corporation,' the Manhattan DA said of the company's ex-CFO.

to tax fraud in New York state court and is set to serve only five months in jail on Rikers Island if he testifies during the trial of the ex-president's family business."Today Allen Weisselberg admitted in court that he used his position at the Trump Organization to bilk taxpayers and enrich himself,"Manhattan District Attorney Alvin Bragg in a statement.

Weisselberg, who also faces five years' probation, admitted to charges including grand larceny, criminal tax fraud, conspiracy, and falsifying business records from 2005 through June 2021. He will be required to pay nearly $2 million in taxes, penalties, and interest to New York City and state tax authorities before his sentencing. Bragg's office said the state will recommend prison time if the 75-year-old fails to abide by the conditions of his plea deal.

his lawyer, Nicholas A. Gravante Jr."Rather than risk the possibility of 15 years in prison, he has agreed to serve 100 days. We are glad to have this behind him."that"Weisselberg said nothing as he left court, offering no reply when a journalist asked him whether he had any message for" former President Donald Trump—who is a target of various other investigations but has not been charged in this case.

Despite not securing Mr. Weisselberg's cooperation, the Manhattan district attorney... may still gain a victory from the deal. Prosecutors now can point to Mr. Weisselberg's admissions that he conspired with the Trump Organization—damning evidence against the company—when they face off at trial. And Mr. Weisselberg, an accountant who served a vital role as the company's financial gatekeeper, will be branded as a felon.

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