October 2, 2022

A good rule of thumb for anyone running a small or large business is to never be in a position where you have to say, “One of our top executives is a convicted criminal.” Unfortunately for the Trump Organization, that’s exactly the situation it is about to find itself in, as Allen Weisselberg, its longtime chief financial officer, pleaded guilty on Thursday to running a yearslong tax scheme with Donald Trump’s family business. And if you are thinking this sounds like bad news for the ex-president, you are thinking right!

While Weisselberg’s plea deal does not require him to cooperate with the Manhattan district attorney’s broader criminal investigation against Trump the man, he will likely be a central witness during the government’s trial against the Trump Organization in October, where, per The New York Times, “he will have to testify about his role in the scheme to avoid paying taxes on lavish corporate perks” if he is called as a witness. While the Trump Organization has pleaded not guilty to the cornucopia of crimes it was charged with in July 2021—including conspiracy, grand larceny, and multiple counts of tax fraud and falsifying records—it’s pretty clear that having one of its most powerful employees detail the many crimes he committed while working for the joint will not be great for its defense.

If Weisselberg tells the truth during the trial—i.e. he tells the jury about how, as CFO of the company, he engaged in a scheme to compensate…

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