As presumptive GOP 2024 nominee Donald Trump continues to face the slings and arrows of his political enemies, he now has what appear to be at least two rats in his midst.
First and foremost, there are concerns about a potential FBI informant in the former President’s inner circle, which would have likely led to the unprecedented raid of his Mar-a-Lago estate earlier this month.
But now, right out in the open, the CFO of the Trump Organization is flipping on his boss, in what appears to be an attempt to lessen his culpability in a number of financial crimes.
Trump Organization executive Allen Weisselberg pleaded guilty on Thursday to 15 criminal tax fraud charges alleging that he and the Trump Organization participated in a scheme to evade federal, state, and local taxes.
Weisselberg, 75, who started working for the Trump family nearly 50 years ago and served as its long-time chief financial officer, admitted to omitting $1.7 million in personal income from his tax flings between 2005 and 2021 and agreed to full repayment of taxes due, plus interest, totaling $1,994,321.Trending:
“Yes, your honor,” Weisselberg said in response to the judge’s separate questions asking whether he agreed to plead guilty to each of the 15 criminal charges during a hearing Thursday morning in New York state’s Supreme Court.
Here is where Weisselberg becomes a snitch:
The plea agreement requires that Weisselberg testify truthfully, if called to take the stand in the criminal fraud trial scheduled to proceed against the Trump Organization. Jury selection in that case is schedule for October 24. Weisselberg’s official sentencing, tentatively agreed to as a split sentence including 5 months incarceration and 5 years probation, is postponed until after that trial — though the judge mentioned a sentencing date of November 17 during Thursday’s proceedings.
The case against the Trump Organization involves an alleged scheme to avoid payroll tax.