Alan Weiselberg, the former chief financial officer of the Trump Organization, has admitted to participating in a 16-year tax avoidance scheme. A longtime associate of the former US president has pleaded guilty to 15 tax offenses – in exchange for a five-month prison sentence and testifying against the company. At the same time, he is not obligated to testify against Donald Trump.
Alan Weiselberg admitted Thursday that he engaged in “systematic” tax evasion. Weiselberg should receive income tax-free benefits, incl. In the form of an apartment in New York’s Central Park, tuition at an exclusive school for their grandchildren, or the use of luxury cars.
A 75-year-old businessman will be sentenced to five months in prison instead of 15 years and must pay nearly $2 million in restitution. Tax evasion and will testify in a future criminal trial against the Trump Organization, set to begin in October. Contrary to initial expectations, he is not required to testify in a broader investigation against Trump.
According to the New York Times, Weiselberg resisted intense pressure from prosecutors to testify against his former employer about his financial practices. The businessman had been associated with the Trumps since the 1970s and had an “encyclopedic knowledge” of Trump’s finances and his organization, according to the newspaper.
“New York Times” journalists recall that Alan Weiselberg was a “right-hand man” and one of the most reliable collaborators. Donald Trump. He started his career as a junior accountant to his former father President of the United States. New York prosecutors in recent months have gathered evidence that Weiselberg helped executives avoid paying certain taxes.
Donald Trump has not been charged in the case. Allan Weiselberg was the only person New York journalists wanted to investigate. His guilty plea — as the New York Times points out — undermines the work of company representatives who argued there was no wrongdoing. Conviction of the Trump Organization’s former chief financial officer could see the company face stiff fines.
A raid on Donald Trump’s estate
Last week, a federal court made it public Search warrant for Donald Trump’s estate In Florida. Papers Ex-Pres America Suspected of violating the Espionage Act, and FBI agents seized top-secret documents from his home. These measures – as the New York Times insists – are not related to the issue of tax avoidance.
The release of the documents — the search warrant and the protocol of seized items — was made at the request of the attorney general and with the approval of the former president. The order allows for the seizure of “all documents containing evidence, contraband, fruits of crime or other illegally possessed material” in violation of three sections of the Criminal Code, including the Espionage Act.
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