Trump’s Ex-Financial Chief Pleads Guilty — Again
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The Trump Organization’s former chief financial officer, Allen Weisselberg, agreed to a plea deal with Manhattan prosecutors over charges of perjury. The former CFO, who has been out of jail for less than a year, is once again in hot water after allegedly lying during his testimony in New York’s civil fraud case against former President Donald Trump and his flagship company.
According to NBC News, the guilty plea does not entail a cooperation agreement requiring Weisselberg to testify in future trials related to Trump’s business practices. The deal will also mark the second such agreement Weisselberg has made with prosecutors since 2023. In January of last year, Weisselberg was sentenced to five months in prison after pleading guilty to failing to declare and pay taxes on more than $1.7 million in company benefits provided by the former president’s flagship company. He was released in April of 2023 after having his sentence significantly reduced on good behavior.
Weisselberg, who worked for the Trump Organization for nearly 50 years, is a critical figure in two New York prosecutions targeting his former employer. Last month, Trump was ordered to pay $355 million in damages after he and his company were found liable for years of financial fraud pertaining to his corporate and real estate holdings. Weisselberg’s October testimony in the civil fraud trial led to accusations of perjury. Following weeks of negotiations, which were first reported by The New York Times last month, Weisselberg is expected to enter his new guilty plea Monday in Manhattan court.
Separately, Manhattan District Attorney Alvin Bragg has sought Weisselberg’s cooperation in his criminal hush-money case against the former president. In March of last year, Trump was indicted on 34 felony charges related to the former president’s hush-money payment to adult film actress Stormy Daniels ahead of the 2016 election. Prosecutors accused the former president and his cronies of falsifying business records to mask reimbursements made to former Trump’s attorney Michael Cohen for money spent on buying Daniels’ silence. While Weisselberg was not directly targeted in the indictment, his longtime service as Trump’s top financial officer could once again provide critical insight into the inner workings of the company.
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