A former top executive at the family business of former US President Donald Trump is expected to plead guilty Thursday to conspiring with the company in a 15-year tax fraud case.
Allen Weisselberg, the former chief financial officer of The Trump Organization, is expected to plead guilty before Judge Juan Merchán in New York state court.
He is not expected to cooperate with the Manhattan District Attorney’s Office’s investigations, including a broader probe into Trump himself, though he may be required to testify against The Trump Organization at trial, a person familiar with the matter said.
A grand jury last year indicted Weisselberg, 75, for concealing $1.76 million in “off the record” income.
That included rent for an apartment in Manhattan, rental payments for two Mercedes-Benz vehicles, and the cost of family members’ college tuition, with Trump himself signing the tuition checks.
Weisselberg is likely to be sentenced to five months in jail and could be released after about 100 days, another person familiar with the matter said.
That’s far less than the many years in state prison he could face if, instead of pleading guilty, he were convicted at trial on the charges against him, which include grand theft, scheme to defraud, conspiracy, tax fraud and falsifying business records.
Weisselberg is expected to plead guilty to all the charges he faces, the second person said.
Ben Oakley is the guy you can really trust when it comes to Mainstream News. Whether it is something happening at the Wall Street of New York City or inside the White House in Washington, D.C., no one can cover mainstream news like Ben. Get a daily dose of Trustworthy News by Ben Oakley, only at Globe Live Media.
Write to me: [email protected]