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Trump CFO Allen Weisselberg to take plea deal that will require him to TESTIFY against the company

Allen Weisselberg, Donald Trump’s longtime financial chief, is expected to plead guilty Thursday in a deal requiring him to testify against the former president’s company.

Under the terms of the agreement, Weisselberg, who faced up to 15 years in prison, will spend just 100 days behind bars. The New York Times reported.

It does not require Weisselberg to turn against Trump.

But the former Trump Organization finance officer will have to admit to all 15 felonies he was accused of and testify about his role in a scheme to avoid tax on generous corporate benefits.

That testimony will make Weisselberg a central witness in the October trial of the Trump Organization, where he will face many of the same charges.

He is not expected to involve the former president or any other family members of Trump in his testimony.

But the admission of one of the Trump Organization’s top executives that he committed the crimes will undermine any attempt by the company’s lawyers to claim that no crime was committed.

Law enforcement officers escort Allen Weisselberg, the former chief financial officer of the Trump Organization, as he leaves court, Friday, August 12, 2022 in New York

Law enforcement officers escort Allen Weisselberg, the former chief financial officer of the Trump Organization, as he leaves court, Friday, August 12, 2022 in New York

Donald Trump with the financial director of the Trump Organization, the then Republican presidential candidate of the United States

Donald Trump with the financial director of the Trump Organization, the then Republican presidential candidate of the United States

Donald Trump with Allen Weisselberg, chief financial officer of the Trump Organization at a press conference at Trump Tower in May 2016

The guilty plea is just the latest event to undermine Trump’s campaign statement that ‘surrounds'[s] myself only with the best and most serious people

Prosecutors are expected to use Weisselberg’s testimony as a springboard to broader claims against the Trump organization.

Weisselberg, 75, is the only Trump executive to be charged in the year-long criminal investigation launched by former Manhattan District Attorney Cyrus Vance Jr., who went to the Supreme Court to secure Trump’s tax records.

Vance’s successor, Alvin Bragg, is now leading the investigation. Several other Trump executives have been granted immunity to testify before a grand jury in the case.

Weisselberg started working for Trump’s father, Fred Trump, in 1973.

In the decades that followed, he rose through the ranks of the Trump Organization. By the late 1980s, he was the company’s controller, and in 2000, he was named chief financial officer and vice president of Trump Hotels & Casino Resorts. He was also a board member and treasurer of the Donald J. Trump Foundation.

He has also handled the Trump family’s household expenses.

On January 11, 2017, shortly before Trump’s inauguration as President of the United States, the Trump Organization announced that Weisselberg would lead the company along with Eric Trump and Donald Trump Jr. during the Trump presidency.

Weisselberg has unprecedented knowledge of the Trump Organization and was under intense pressure from prosecutors to cooperate with their investigation.

Prosecutors alleged that Weisselberg and the Trump Organization had plans to give unofficial compensation to senior executives, including Weisselberg, for 15 years.

Weisselberg was charged with evading $1.7 million in revenue, including rent for a Manhattan apartment, lease payments for two Mercedes-Benz vehicles and tuition for family members, with Trump signing checks for tuition himself.

He was also charged with defrauding the federal, state and city of over $900,000 in unpaid taxes and unearned tax refunds.

The suspects have declared that they are innocent. Donald Trump has not been charged with any crimes.

Trump, who has labeled the New York investigations a “political witch hunt,” has said his company’s actions were standard practice in the real estate industry and were not a crime in any way.

The trial is scheduled for the end of October.

If the schedule is right, the Trump organization will face trial in the November midterm elections, where the former president’s Republican party could gain control of one or both houses of Congress.

Trump is also considering a presidential bid for 2024.

Allen Weisselbrg in New York State Supreme Court last month

Allen Weisselbrg in New York State Supreme Court last month

Allen Weisselbrg in New York State Supreme Court last month

Allen Weisselberg led the Trump Organization, along with Eric Trump and Donald Trump Jr., during Trump's presidency;  above Allen Weisselberg, center, is seen between President-elect Donald Trump, left, and Donald Trump Jr.  during a press conference in January 2017

Allen Weisselberg led the Trump Organization, along with Eric Trump and Donald Trump Jr., during Trump's presidency;  above Allen Weisselberg, center, is seen between President-elect Donald Trump, left, and Donald Trump Jr.  during a press conference in January 2017

Allen Weisselberg led the Trump Organization, along with Eric Trump and Donald Trump Jr., during Trump’s presidency; above Allen Weisselberg, center, is seen between President-elect Donald Trump, left, and Donald Trump Jr. during a press conference in January 2017

Last week, Trump sat for a statement in the parallel civil investigation of New York Attorney General Letitia James into allegations that Trump’s company misled lenders and tax authorities about asset values.

Trump invoked the protection of his Fifth Amendment against self-incrimination more than 400 times.

In the months following Weisselberg’s arrest, the criminal investigation appeared to be progressing toward a possible criminal charge against Trump himself, but the investigation slowed, a grand jury was dissolved and a top prosecutor left after Bragg took office in January — though he insists that it’s continued.

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