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Trump CFO pleads guilty to tax evasion

The Trump Organization’s CFO has pleaded guilty to tax evasion and will serve a five-month jail term under a deal with prosecutors.

Allen Weisselberg pleaded guilty to 15 charges in a New York court yesterday, admitting to taking $1.7m in untaxed perks and keeping them off the books of the former president’s company.

Under a deal struck with prosecutors, he will appear as a star witness to testify against the Trump Organization in a trial set to begin in October. The company is accused of helping Weisselberg and other executives avoid tax by failing to report their full income.

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