Trump Organization CFO Pleads Guilty to Tax Fraud & Evasion

Allen Weisselberg is pleading guilty.

The longtime chief financial officer for the Trump Organization entered the guilty plea to 15 charges related to tax fraud and evasion on Thursday (August 18), via Deadline.

The plea requires that he testify against the Trump Organization at an upcoming trial.

He now faces a five month jail sentence on Rikers Island and five years probation, and a fee of nearly $2 million in taxes, penalty and interest.

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New York prosecutors charged him and the Trump Organization in an alleged scheme to evade taxes on more than $1.7 million in income last year, and he originally pled not guilty to the charges.

The 15 felony counts include a scheme to defraud, conspiracy, grand larceny and falsifying business records.

“This plea agreement directly implicates the Trump Organization in a wide range of criminal activity and requires Weisselberg to provide invaluable testimony in the upcoming trial against the corporation,” New York District Attorney Alvin Bragg said.

Donald Trump was not charged. The investigation into himself and the organization is still ongoing.

The trial is scheduled to begin on October 24.