Donald Trump's former CFO will admit in Manhattan on Thursday that he was involved in a scheme to avoid paying payroll taxes.
A source tells Insider that Allen Weisselberg may have to testify against the Trump Organization.
The source said that Weisselberg had nothing incriminating to say against Trump.
Insider has learned that Allen Weisselberg, the Trump Organization's ex-chief financial officer, will plead guilty on Thursday to a company tax-dodge scheme.
The trial date for the tax-dodge indictment against the Trump Organization has been set for October 24.
A source with knowledge of the deal told Insider that Weisselberg wouldn't tell a jury anything incriminating about anyone with the last name of Trump.
Weisselberg will serve 100 days in New York City's notorious Rikers Island jail if he admits guilt and testifies. According to the source, he will also serve time for violating the terms of his parole. Penalties and interest will also be paid by Weisselberg.
It's a good outcome for Weisselberg, since the top grand larceny charge for allegedly pocketing thousands in fraudulently-obtained federal tax refunds usually carries a mandatory minimum sentence of one year behind bars.
The former president's company has a multi-billion dollar real estate and golf resort company. The Trump Organization is accused of conspiring to underreport Weisselberg's income to the IRS.
Weisselberg is expected to plead guilty on Thursday to conspiring with a former Trump Organization comptroller to give him and others perks that were not subject to payroll.
Weisselberg can't hurt McConney, who testified under subpoena with the grand jury last year, and who has immunity from prosecution. It was his own mistake that fringe benefits were not reported as income.
No one has implicated Trump in the tax-dodge scheme. According to the source and to defense filings from January, Weisselberg has not cooperated at all with the investigation of Trump and his business.
It has been less than enlightening. He told the grand jurors that at the time of the alleged events in question, he did not think that he did anything wrong, and that he did not know that he was assisting Weisselberg to commit a tax fraud.
The New York Times reported that Weisselberg was going to plead guilty in the upcoming deal. He and the organization were accused of 15 felonies last summer.
The charges came from a "sweeping and audacious payment scheme," prosecutors have said, where Weisselberg skirted paying taxes on up to $1.7 million in income, pay he instead enjoyed in the form of free apartments, cars, and tuition for his grandchildren.
The office of the district attorney wouldn't say anything.
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