Lots of bad news for the Trump organization that is making it look more and more like it is in a death spiral of its own making.
Tim O'Brien, author of Trump Nation, said in a Friday interview with MSNBC that there are various signs of an impending collapse.
He said one of those signs is Trump's longtime chief financial officer, Allen Weisselberg, taking a plea deal last week, per Newsweek. Weisselberg, as Insider's Laura Italiano reported, admitted that the Trump Organization, under his purview as a chief financial officer, dodged payroll taxes for 15 years.
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Weisselberg will have to testify against the Trump Organization.
"Weisselberg, if he is found to have lied during that testimony, could face as much as 15 years in prison instead of a five-month sentence he will get otherwise," O'Brien said, according to Newsweek. "So he is going to be mightily incented to answer every question that the p
rosecutors asked him about a wide range of financial issues in the Trump Organization."
A writer who chronicled Donald Trump's rise to fame predicted that the Trump Org will be 'put out of business'
ydzhanova@businessinsider.com- Tim O'Brien, a writer who wrote Trump Nation in 2005, said the Trump Org will go out of business.
- The prediction comes after Trump's longtime CFO took a plea deal and admitted that the Trump Org dodged payroll taxes for 15 years.
- "I think a lot of this is going to come to a head in the fall," O'Brien told MSNBC.
Tim O'Brien, author of Trump Nation, said in a Friday interview with MSNBC that there are various signs of an impending collapse.
He said one of those signs is Trump's longtime chief financial officer, Allen Weisselberg, taking a plea deal last week, per Newsweek. Weisselberg, as Insider's Laura Italiano reported, admitted that the Trump Organization, under his purview as a chief financial officer, dodged payroll taxes for 15 years.
Related video: Trump refuses to say ‘election is over’
I'll, I'll do this. I'm going to do this. Let's go. But this election
Weisselberg will have to testify against the Trump Organization.
"Weisselberg, if he is found to have lied during that testimony, could face as much as 15 years in prison instead of a five-month sentence he will get otherwise," O'Brien said, according to Newsweek. "So he is going to be mightily incented to answer every question that the p
rosecutors asked him about a wide range of financial issues in the Trump Organization."