Tuesday, February 7, 2023

Former Trump Organization executive to be sentenced

NEW YORK ( Associated Press) – The former chief financial officer of the Trump Organization, whose testimony convicted former President Donald Trump’s company of tax fraud, will be sentenced Tuesday for tax evasion related to $1.7 million in employee benefits. ,

Alan Weiselberg is expected to be sentenced to five months in prison based on a plea bargain reached in August.

Under the settlement, Wesselberg, 75, agreed to plead guilty to 15 financial crimes and testify against the company, for which he has worked since the mid-1980s.

Weiselberg is expected to serve his sentence at Rikers Island Jail in New York City. He will be eligible to be released in just over three months if he is of good behaviour.

As part of the deal, Wesselberg must pay approximately $12 million in back taxes, penalties and interest, which he says he is beginning to pay. You must also complete five years of supervised release.

Wesselberg faced the possibility of 15 years in prison – the maximum sentence on the financial theft charge – if he did not accept the settlement or if he lied when testifying in the trial against the Trump Organization. He is the only person charged by the Manhattan district attorney in a three-year investigation into Trump and his financial practices.

Wesselberg testified for three days, offering a glimpse into the inner workings of Trump’s real estate emporium. He worked for the Trump family for nearly 50 years, starting as an accountant for Trump’s father, Fred Trump, in 1973, before being hired by Donald Trump in 1986 and expanding the company’s interests beyond New York City. helped to expand. Chain to include golf courses and hotels.

Weiselberg told jurors that he violated the Trump family’s trust by conspiring with an underling to hide excess income such as Manhattan apartments, luxury cars and his grandson’s private schools for more than a decade. He insisted that he tampered with payroll records and W-2 tax forms.

Nation World News Desk
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