Trump's ex-fixer critical of Weisselberg plea as too lenient

Michael Cohen, who was sentenced to three years in prison for violating campaign-finance laws for former President Donald Trump as well as bank and tax fraud, criticized New York prosecutors for their leniency with a former colleague at the Trump Organization.

Allen Weisselberg, the longtime chief financial officer at Trump's company, pleaded guilty to 15 counts related to a yearslong scheme to avoid paying taxes by taking compensation in perks like cars and an apartment. He agreed to the plea on the understanding he'd serve a five-month jail term, which could be cut shorter with good behavior.

"It is counter productive to permit an individual who committed years and years of tax fraud, failed to cooperate or provide any testimony to authorities, lied about information to the SDNY to obtain immunity, burdened the system with a not guilty plea as well as multiple motions for dismissal to receive the benefit of a five-month plea deal," Cohen said in an interview. "Just another example of disproportionate sentencing."

cohen-michael.jpg
Michael Cohen, former personal lawyer to former President Donald Trump, leaves federal court in New York.
Jefferson Siegel/Bloomberg

Cohen, who for years was Trump's lawyer and fixer, has blamed the former president for his past conduct and said he "emphatically" believes that Weisselberg's plea is indicative of what happens to professionals in Trump's orbit.

"Currently, there are more than two dozen people in Trump's inner circle who have been indicted, incarcerated or facing criminal indictments for actions done at the direction of, or for the benefit of, Donald," Cohen said.

Bloomberg News
Tax Tax fraud Donald Trump Fraud
MORE FROM ACCOUNTING TODAY