The numbers expert has calculated: Allen Weisselberg — Donald Trump's longtime loyal lieutenant — what if he goes to trial? It could have been years in prison and the tax evasion allegations could not be defeated. But if he agrees to testify in the next trial of the former president's company, he will likely serve time in 100 days.
His 75-year-old Mr. Weisselberg is accused of tax evasion and He pleaded guilty to 15 charges, including theft, and made the deal Thursday.
Now, prosecutors say he is a "drastic and bold" plan by the company to help management, including Weisselberg, avoid taxing benefits such as: You could be a star witness against the Trump organization in a trial about the matter. 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 accused of doing?
Federal officials have accused Mr. He said he paid no taxes on more than $1.7 million in compensation.
These benefits include: Trump His Organization paid the rent for his Manhattan apartment, paid for his grandson's private school tuition, and bought a Mercedes for him and his wife. Leased a car and gave him cash. I handed it out as a vacation tip and paid for a flat-screen TV, carpet and furniture for a winter home in Florida. While Weisselberg's son lived in an apartment owned by Trump, he didn't have to pay rent or pay below market rent.
After all — Is Allen Weisselberg still the Trump Organization's Chief Financial Officer?
Weisselberg is still employed by the Trump Organization, but has After indictment, his title was changed to Senior Counsel.
Why did Allen Weisselberg decide to enter into a plea bargain?
Weisselberg's attorneys said that years of "legal turmoil had brought him and his family a lot of trouble." It's time to put an end to this 'personal nightmare'. The Trump Organization called Weisselberg a "respectable and honorable man" who was "harassed, persecuted and intimidated by law enforcement" and he didn't seem to have harsh feelings.
What were the terms of Allen Weisselberg's plea bargain?
The judge ordered Weisselberg to commit his I agreed to serve a five-month sentence. He will also have to pay about $2 million and spend five years on probation. But, importantly, he will testify honestly when the Trump Organization begins its trial in October. He remains out on bail.
Will the Trump Organization also make a plea bargain? Weisselberg and the Trump Organization initially pleaded not guilty to the charges, saying the perks are standard for corporations and the investigation was politically motivated. However, consenting to Weisselberg's testimony could seriously undermine the company's defense
What is the Trump organization really doing?
It's the entity Trump manages many of his entrepreneurial ventures for, including investments in office towers, hotels and golf. It collects checks from businesses that run golf clubs and hotels, rents offices, and charges licensing fees for buildings bearing Trump's name, etc.
What does this mean? Donald Trump
It is not clear. No Republicans have been charged in the case. Prosecutors have not alleged personal wrongdoing by Trump. , criminal offenses can result in hefty fines or complicate future business dealings. The trial, which begins in October just before the midterm elections, could also yield new revelations about the company's business practices, but Trump supporters may not mind. To give you an idea, I said this whole incident was hoaxed by Democrats.
