Allen Weisselberg, the former chief financial officer of the Trump Organization, the family real estate company of former US President Donald Trump, was sentenced to five months in prison in New York on Tuesday. This is according to a Manhattan attorney. Weisselberg also has to pay a fine of more than $2 million.
The CFO of Donald Trump’s real estate company and his family admitted last summer that the Trump Organization had been evading taxes for years by rewarding him and other employees with perks such as housing, private education and withheld cars.
Weisselberg, 75, has been working for the former US president’s family business since the 1980s. The CFO admitted to receiving $1.76 million in unreported income and agreed to pay nearly $2 million in back taxes.
Trump himself has not been charged in the case, but the Trump Organization has. The company was found guilty of fraud in December because it had deceived the tax authorities with a criminal scheme for years. Weisselberg could have been sentenced to fifteen years in prison if he had not testified against the family business in court. The company’s penalty, possibly a fine, will be announced on Friday.
The Trump Organization has hotels, golf courses, and vacation rentals around the world. Trump has previously denied the charges, calling them “a witch hunt by radical left-wing Democrats” and “judicial misconduct”.
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