Former CFO of Donald Trump’s company detailed efforts undertaken by him and his colleagues to clean up payment practices after his boss became President of the United States.

What happened: Allen Weisselberg testified on the second day against the former president’s companies in November, touching on the practice of untaxed gifts, reported Rolling Stone.

“We went through a complete cleanup process at the company after Mr. Trump became president to make sure everything was done right,” Weisselberg said.

The former CFO said the executives “went through all the practices that we’ve used over the years and … we corrected everything that we needed to correct,” according to Rolling Stone.

Why it matters: The chief financial officer’s testimony follows a plea deal he completed with prosecutors who have charged Weisselberg with receiving nearly $1.7 million in untaxed benefits on 15 counts, Rolling Stone noted.

As part of the deal, Weisselberg is reportedly required to testify truthfully, and if he does, he faces nearly five months in prison. Failure to comply could result in a heavy prison sentence.

The Trump Organization, also charged in the trial, will plead not guilty. Weisselberg has not relented in testifying against Trump Despite the efforts of the prosecutor.

The Trump loyalist has admitted he conspired to evade taxes through unusual payment methods that spanned a Manhattan apartment and Leasing of two Mercedes-Benz vehicles.

This story was originally published on November 18, 2022.

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