Saturday, 1 October, 2022

Trump executive pleads guilty to tax fraud

Trump executive pleads guilty to tax fraud

Allen Weisselberg, the long-time chief financial officer of the Trump Organization, pleaded guilty on Thursday to tax fraud and agreed to testify at an upcoming criminal trial of the former US president's real estate company.

The 75-year-old Weisselberg, who served as CFO of the Trump Organization from 2005 to 2021, pleaded guilty to 15 counts of tax fraud, Manhattan District Attorney Alvin Bragg said in a statement.

Weisselberg admitted his involvement in a 15-year scheme with co-defendant the Trump Organization to defraud federal, New York State and New York City tax authorities, Bragg said.

Weisselberg is to serve five months in prison contingent on his testifying truthfully at the October criminal trial of the Trump Organization on tax fraud charges, Bragg said.

Trump is also facing legal scrutiny for his efforts to overturn the results of the November 2020 election and the January 6, 2021 attack on the US Capitol by his supporters.