The chief financial officer of the Trump Organization is close to reaching a plea deal in a case in which he is accused of funneling off-the-books income to himself and other executives.
The New York Times reported Monday that Allen Weisselberg and his lawyers met with a judge and that a hearing is scheduled for Thursday, pointing to a possible agreement being reached by then.
A person familiar with the matter told the Times that Weisselberg could face a shorter sentence if a deal is reached.
Weisselberg refused to testify against Trump despite the potential deal being struck.
In June of last year, criminal indictments were filed against Weisselberg and the Trump Organization related to charges that the company avoided paying taxes on fringe benefits such as cars, apartments and other bonuses they received through the company.
The case is being investigated by the Manhattan District Attorney, who filed 15 criminal charges against Weisselberg and the Trump Organization. Legal experts say that the executive could face up to 15 years in prison if they are convicted.
The District Attorney's office didn't reply to a request from The Hill.
The case is unrelated to the deposition Trump gave last week related to the investigation of the Trump Organization.
After the deposition, Trump's lawyer told the Times that the only question he answered was about his name.
His Mar-a-Lago estate was searched by the FBI one week ago, in an unprecedented operation in which authorities seized documents, a portion of which were marked top secret.
The Espionage Act and other laws may have been violated by Trump, according to the search warrant.
It was updated at 7:44 pm.
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