Allen Weisselberg, the former chief financial officer for the Trump Organization, reached a plea deal and is expected to cooperate with investigators in a probe into the former president’s finances, a source said.
Weisselberg, 75, cut a deal and will plead guilty to 15 felony tax charges at a Manhattan state court hearing scheduled for Thursday, according to sources familiar with the legal proceedings.
He is also required to testify against former President Donald Trump as part of the plea deal first hinted at earlier this week, the source said.
Weisselberg had pleaded not guilty in July last year to charges of tax fraud, conspiracy, grand larceny and falsifying business records. The Trump Organization was slapped with similar charges.
Weisselberg’s case was set to go to trial with jury selection beginning on Oct. 24, but the former CFO made an unexpected appearance in Manhattan state court Monday, sparking speculation that Weisselberg was nearing a plea deal with prosecutors.
Prosecutors said Weisselberg was paid more than $1.7 million “off the books” in order to avoid taxes through a 15-year tax fraud scheme led by the CFO and the Trump Organization.
As part of the scheme, the Trump loyalist was given perks like free rent at a Manhattan apartment, luxury cars and private school tuition payments for his grandchildren, according to the indictment.
The indictment against Weisselberg was the first charge brought by former Manhattan DA Cy Vance last year amid a probe into Trump’s business empire finances.
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