The Trump Organization's ex-chief financial officer Allen Weisselberg will plead guilty to a company tax-dodge scheme in a deal with the Manhattan District Attorney's office on Thursday, Insider has learned.
Weisselberg has agreed to testify, but a source with knowledge of the deal stressed to Insider that Weisselberg has nothing incriminating to say about anyone with the last name of Trump and if called to testify, would say just that.
Weisselberg, 75, will serve just 5 months — 100 days — in jail. It's a good outcome considering that the top grand larceny charge for allegedly pocketing thousands in fraudulently-obtained federal tax refunds usually carries a mandatory minimum sentence of one year behind bars — and a possible maximum sentence of 15 years.
Weisselberg, the longtime top executive for the Trump Organization, was expected to plead guilty in a deal. He and the organization face 15 felony counts that include scheme to defraud, conspiracy, and grand larceny.
The charges came from a "sweeping and audacious payment scheme," prosecutors have said, where Weisselberg skirted paying taxes for up to $1.7 million of his income beginning in March 2005.
This story is developing. Please check back for updates.
