BREAKING: Former Trump CFO Weisselberg to be sent to Rikers Island jail for 15-year tax scheme
Weisselberg is set to be sentenced on Tuesday afternoon in connection to the scheme after pleading guilty in August and admitting that he and several other company executives had received bonuses and other financial perks designed to save the company money. The former CFO is expected to be sentenced to five years in prison and be fined nearly $2 million in taxes, penalties, and interest.
Rikers Island is one of New York's most well-known jails and has become notorious for violence and drug use, according to Reuters. Nineteen inmates died at the prison last year. Weisselberg's testimony strengthened prosecutor's accusations that the Trump Organization paid for the personal expenses of several company executives without reporting them as income. These payments included paying for the managers’ rent, car lease payments, and other expenses. Prosecutors also alleged the company partially paid these executives as independent contractors rather than company employees.
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