Trump Organization ex-CFO Allen Weisselberg expected to plead guilty, won't testify against Trump
Former Trump Organization finance chief Allen Weisselberg met with New York prosecutors on Monday and is expected to plead guilty as soon as Thursday to tax fraud and other financial crimes, The New York Times and several other news organizations reported Monday evening. Weisselberg, however, has not agreed to cooperate in the Manhattan district attorney's broader criminal investigation into former President Donald Trump and his company or testify against Trump, the news organizations report.
The Manhattan district attorney's office indicted Weisselberg and the Trump Organization last year, charging them with "a sweeping and audacious illegal payments scheme" in which company executives avoided paying millions in taxes by accepting off-the-book perks like free apartments and leased luxury cars. Prosecutors say Weisselberg alone skipped paying taxes on $1.76 million in such benefits since 2005. Trump has not been accused of wrongdoing.
A New York judge rejected a motion to dismiss the case last week, setting up an October trial for Weisselberg, who has worked for the Trump family for nearly 50 years, and the Trump Organization.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Weisselberg, 75, is facing financial penalties as well as up to 15 years in prison if convicted by a jury," the Times reports, but the plea deal, if it becomes final, "would avoid a high-profile trial and spare him a lengthy sentence." The current deal reportedly involves five months in prison, or about 100 days with good behavior. Weisselberg's refusal to testify against Trump has frustrated Manhattan prosecutors, the Times adds, and his plea deal would bring them "no closer to indicting the former president but would nonetheless brand one of his most trusted lieutenants a felon."
The Trump Organization is reportedly not joining in Weisselberg's plea deal, meaning the company is still on track for trial this fall. District Attorney Alvin Bragg, who inherited the criminal investigation of the Trump Organization from his predecessor, has said the case is still open, but its direction and status are unclear. Two lead prosecutors who resigned earlier this year suggested in a resignation letter that Trump himself might escape "justice" even though there's sufficient evidence he's "guilty of numerous felony violations."
A civil investigation of Trump and his business by the New York state attorney general appears to be nearing its conclusion. Trump testified, and invoked his Fifth Amendment right against self-incrimination hundreds of times, in that case last week.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
The real story behind the Stanford Prison Experiment
The Explainer 'Everything you think you know is wrong' about Philip Zimbardo's infamous prison simulation
By Tess Foley-Cox Published
-
Is it safe for refugees to return to Syria?
Talking Point European countries rapidly froze asylum claims after Assad's fall but Syrian refugees may have reason not to rush home
By Richard Windsor, The Week UK Published
-
Quiz of The Week: 14 - 20 December
Have you been paying attention to The Week's news?
By The Week Staff Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Will Trump (and Sanders) cut credit card rates?
Talking Points Common ground is possible. But there's a catch.
By Joel Mathis, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
What does Trump's Treasury secretary pick mean for the economy?
In the Spotlight Scott Bessent was once a Democratic donor. Now he'll serve Trump.
By Joel Mathis, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
Is this the end of the free trade era?
Today's Big Question Donald Trump's threat to impose crippling tariffs 'part of a broader turn towards protectionism in the West'
By Elliott Goat, The Week UK Published
-
Big Oil doesn't need to 'drill, baby, drill'
In the Spotlight Trump wants to expand production. Oil companies already have record output.
By Joel Mathis, The Week US Published