Former CFO of Trump Organization Set to Admit to Perjury Charges
Reports indicate that the ex-chief financial officer of the Trump Organization is preparing to admit to perjury charges in connection to his testimony during a civil investigation into the company's financial affairs. The anticipated plea is scheduled for Monday, as revealed by a source familiar with the ongoing investigation.
The former chief financial officer of the Trump Organization is set to admit to lying under oath in a civil investigation about the company's finances. A source familiar with the case revealed that the CFO will plead guilty to perjury charges on Monday.
Allen Weisselberg, who was a close confidant of Donald Trump for many years, showed up at the Manhattan district attorney's office on Monday morning. He is anticipated to make his plea later today.
Weisselberg declined to comment. Seth Rosenberg, an attorney for Weisselberg, also declined to comment.
Weisselberg has been in discussions with Manhattan prosecutors for some time regarding his testimony in the New York attorney general’s civil investigation into the former president in 2020 and his testimony last year, according to sources familiar with the investigation.
The specific charges he will admit to are still unknown. During the plea negotiations, Weisselberg is not anticipated to betray Trump and will not give testimony against him during the upcoming criminal trial set to begin later this year.
Trump faces indictment on 34 counts related to falsifying business records in connection to hush money payments before the 2016 election. Despite Weisselberg's involvement in the financial dealings, it is unlikely that he will be called as a witness by either prosecutors or Trump's legal team. Trump maintains his innocence and has pleaded not guilty to the charges.
Weisselberg, who previously pled guilty to 15 counts of tax fraud in 2022, is expected to enter another guilty plea. In his previous case, Weisselberg provided truthful testimony that led to the conviction and fines of two Trump Organization entities. Following his cooperation, Weisselberg was sentenced to five months in jail and supervised release. He served around 100 days in Rikers Island jail.
The latest charges are tough for Weisselberg personally. He is in his late 70s and has medical problems. Last month, a New York state judge ruled in the attorney general's civil case against him. The judge found Weisselberg guilty of fraud and told him to pay $1 million plus interest. This is about half of the $2 million severance he got from the Trump Org.
This story has been updated with more details.
Editor's P/S:
The upcoming perjury charges against the former CFO of the Trump Organization, Allen Weisselberg, are a significant development in the ongoing investigations into the company's finances. Weisselberg's plea guilty will shed light on the allegations of financial misconduct within the organization and may provide valuable insights into the former president's involvement. It is crucial that the investigation proceeds thoroughly and objectively to ensure accountability and transparency.
Weisselberg's cooperation and guilty plea in his previous tax fraud case suggest that he may be willing to provide information that could implicate others. However, his reluctance to testify against Trump during the upcoming criminal trial raises questions about the extent of his cooperation. It remains to be seen whether Weisselberg's testimony will ultimately lead to charges against Trump or provide exonerating evidence. Regardless, the ongoing investigations serve as a reminder of the importance of upholding the rule of law and holding those in power accountable for their actions.
