Former CFO of Trump Org pleads guilty for his role in tax fraud scheme

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Former CFO of Trump Org pleads guilty for his role in tax fraud scheme
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Ex-Trump Organization executive Allen Weisselberg pleads guilty for his role in a 15-year-long tax fraud scheme and has agreed to testify against the company at trial

In court Thursday, Weisselberg said,"Yes, your honor" when asked if he was pleading guilty of his own choice. Weisselberg pleaded guilty to 15 felonies and admitted he failed to pay taxes on $1.7 million in income, including luxury perks, such as rent and utilities for a Manhattan apartment, leases for a pair of Mercedes-Benz cars and private school tuition for his grandchildren.

Weisselberg has been fiercely loyal to the Trump family, having worked for them since 1973. Yet even by providing testimony against the company Weisselberg will not implicate any Trump family members, who were not accused of any wrongdoing. If the Trump Organization is convicted, it could be required to pay back taxes and fines, but no individual will go to prison.

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