Article author:
Associated Press
Weisselberg, 75, pleaded guilty to 15 charges, including tax evasion and theft, and made the deal Thursday.
Now, prosecutors say it was a "drastic and bold" plan by the company to help management, including Weisselberg, avoid taxes on benefits such as You could be a star witness against the Trump Organization in a trial about Luxury cars and rent-free apartments.
Here are the basics of the lawsuit and what Weisselberg's decision to plead guilty means for Donald Trump and his family business.
What have Allen Weisselberg and the Trump Organization been accused of doing?
Federal officials have accused Mr. He said he paid no taxes on more than $1.7 million in compensation.
Among these perks are the Trump Organization paying the rent for his Manhattan apartment, paying for his grandchildren's private school tuition, and buying a Mercedes for him and his wife. Leased a Benz car, gave him cash to hand out as vacation tips, and paid for a flat-screen TV, carpet and furniture for his winter home in Florida. Weisselberg's son is owned by Trump. I didn't have to pay rent or pay less than market rent while living in an apartment that does.
After all — Is Allen Weisselberg still the chief financial officer of the Trump organization?
Weisselberg is still employed by the Trump organization , his title was changed to Senior Counsel after the July 2021 indictment.
Why did Allen Weisselberg take his plea deal?
It is time to put an end to years of "a legal and personal nightmare that has brought him and his family," in the words of Weisselberg's attorneys. The Trump Organization appeared to have no hard feelings, calling Weisselberg a "respectable and respectable man" who was "harassed, persecuted and intimidated by law enforcement."
What were the terms of Allen Weisselberg's plea bargain?
A judge agreed to sentence Weisselberg to his five-month sentence at New York's infamous Rikers Island prison complex. If he behaves well, he will be eligible for his release in less than three months. He also has to pay nearly $2 million and spend five years on probation. But he will have to testify honestly when the Trump Organization goes on trial in October. , you will not be formally sentenced until the trial is over. Until then, he is out on bail.
Will the Trump organization also make a plea bargain?
In a statement, the company said it had done nothing wrong and "looked forward to spending the day in court." Weisselberg and the Trump Organization initially pleaded not guilty to the indictments, arguing that the perks were standard for corporations and that the investigation was politically motivated. , could seriously undermine the company's defense. This could increase pressure to settle cases without a trial.
What does the Trump Organization actually do? is a business entity that manages many entrepreneurial operations. It collects checks from companies that run golf clubs and hotels, rents offices, and charges licensing fees for buildings bearing Trump's name.
What does this mean for Donald Trump?
I'm not sure. No Republicans have been charged in the case. Prosecutors have not alleged any personal wrongdoing by Trump. But if his company is found guilty, it could face hefty fines or complicate future deals. His trial, which begins in October, just before the midterm elections, could bring fresh revelations about the company's business practices, but Trump supporters may not mind. He said the whole incident was fabricated by Democrats to damage him politically.
