According to The New York Times, a top executive at the Trump Organization is close to a deal with the Manhattan District Attorney's office that would allow him to serve just five months in jail and not have to testify against his boss or the business.
The ex-CFO of the Trump Organization is Allen Weisselberg, a 75-year-old man.
The deal described by The Times would be a far cry from the harsher penalties that prosecutors had threatened to impose in announcing his indictment last summer.
The Trump Organization and Weisselberg have been charged with 15 felonies. Weisselberg is accused of orchestrating a scheme that allowed him to avoid taxes on over one million dollars of income.
Weisselberg is accused of pocketing thousands of dollars in federal tax refunds in order to avoid paying taxes.
Weisselberg could be sentenced to just five months if prosecutors dropped the charge.
The deal would spare the Manhattan district attorney from the high-profile spectacle of trying a steadfast Trump loyalist for allegedly accepting untaxed perks as income, including an apartment, his-and-hersMercedes for him and his wife, and tuition for his grandchildren.
The Times didn't give a clue as to whether a deal was in the works for the Trump Organization.
The three-year investigation into possible financial wrongdoing by Trump and his company was stopped after prosecutors tried to "flip" the Trump executive.
Sources told The Times that Weisselberg is negotiating a guilty plea.
An attorney didn't say anything. A request for comment from the Manhattan district attorney was not immediately responded to.
During the hearing on Thursday, a plea could be entered, The Times reported.
The Times reported that the plea deal would bring prosecutors no closer to indicting the former president but would nonetheless brand one of his most trusted lieutenants a felon.
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