Home News Former Trump Org. CFO Sentenced to Notorious Prison

Former Trump Org. CFO Sentenced to Notorious Prison

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Allen Weisselberg, the former chief financial officer for the Trump Organization, is expected to be sent to Rikers Island jail in New York after receiving his sentence for his participation in a tax fraud scheme.

Wesselberg, along with other top executives, pled guilty to running the scheme for the past 15 years where he and others received bonuses and other kickbacks designed to save the real estate company money.

On Tuesday, the CFO was sentenced to five months in jail as well as pay nearly $2 million in taxes, penalties, and interest, and serve five years of probation.

Rikers Island is one of New York’s most well-known jails and has become notorious for violence and drug use.

The Washington Examiner reports:

Weisselberg’s sentence comes one month after prosecutors and defense lawyers gave their closing arguments in the criminal tax fraud trial against the Trump Organization, wrapping up the yearslong investigation into the former president’s company and its financial dealings.The former CFO emerged as the prosecutor’s star witness after he testified that he had accepted illegal compensation for his own benefit and hid the payments from the company’s outside accountant. The former CFO continued this practice for years, ending it once Donald Trump was elected president and his company’s business practices came under new scrutiny.

Weisselberg’s testimony strengthened prosecutors’ accusations that the Trump Organization paid for the personal expenses of several company executives without reporting them as income. These payments included paying for the managers’ rent, car lease payments, and other expenses. Prosecutors also alleged the company partially paid these executives as independent contractors rather than company employees.

The Trump Organization pleaded not guilty, and defense lawyers sought to point the finger solely at Weisselberg.

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2 COMMENTS

  1. In no way does this involve Trump. He trusted his CFO and other executives to take care of his company. They became greedy and hid everything that was taking place.

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