Chairman of the Joint Chiefs of Staff from Washington D.C, United States via Wikimedia Commons

The former CFO of the Trump Organization, Allen Weisselberg, is now reportedly set to plead guilty tax crimes and also testify against his former employer.

As Rolling Stone reports:

ALLEN WEISSELBERG, THE Trump Organization’s finance chief, will say in Manhattan court Thursday that he conspired with several of the ex-president’s companies when he pleads guilty to state tax crimes, two sources familiar with the case tell Rolling Stone.

As part of Weisselberg’s plea deal, he has agreed to testify against The Trump Corporation and the Trump Payroll Corporation at trial, which is scheduled for October.

If called to the witness stand during trial, Weisselberg will provide testimony that is the same as what he admits to in court this week, the source said. One of the sources said that while Weisselberg is agreeing to testify, that does not mean he necessarily will; it depends on whether prosecutors decide to call him. The New York Times first reported that Weisselberg was expected to plead guilty, and CNN reported he would testify if called.

Weisselberg will not go beyond his testimony to help the criminal probe, one of the sources said. Still, his potential testimony could pose a severe threat to Trump’s companies. This possible testimony, which allegedly implicates Trump’s businesses, could be key to prosecutors’ securing a guilty verdict against these companies. When a company is found to have engaged in criminal conduct, significant fines can pile up quickly — potentially leading to its demise.

Weisselberg has been accused of receiving up to 1.7 million in compensation from the Trump organization for which he did not pay taxes.

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1 month ago

If an employer pays his employee, and the employee does not pay his taxes
on his salary the employer is not liable .