cnnpolitics
Aug 18
10K
0.77%
Allen Weisselberg, the former chief financial officer of the Trump Organization, pleaded guilty Thursday to his role in a 15-year-long tax fraud scheme, and as part of the deal he has agreed to testify against former President Donald Trump's real estate company at trial.
Weisselberg pleaded guilty to 15 felonies and admitted he failed to pay taxes on $1.7 million in income, including luxury perks, such as rent and utilities for a Manhattan apartment, leases for a pair of Mercedes-Benz cars and private school tuition for his grandchildren.
He admitted to concealing those benefits from his accountant to under-report his income and knowingly omitting the income from his personal tax returns. As part of the deal, he will pay nearly $2 million in back taxes, interest and penalties and waive any right to appeal.
📸: Jeenah Moon/Bloomberg/Getty Images
cnnpolitics
Aug 18
10K
0.77%
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