Translation. After years of a politically driven investigation with the sole objective to prosecute Trump, they found nothing on him. Absolutely nothing. Just like Russia collusion. Instead they found one minor tax issue with an employee of the organization. Something that is typically handled via a civil fine (which will be the resolution here). All smoke and no fire. Another major disappointment for Trump haters. And how about that Supreme Court! Big wins for all Americans interested in fair elections today.
It looked like an ordinary White Collar expense-claim fraud case that would be typically covered by a fine. But the papers say it's a $1.76 million off-the-books "compensation" fund that paid no taxes, thus the IRS was defrauded. Because he under-reported, Weisselberg received tax refunds he wasn't entitled to and so is charged with grand larceny. Remember it was tax evasion that brought down Al Capone.
Some speculate Weisselberg will "flip" and bring down the whole rotten mess. Some of the funds and benefits Weisselberg failed to report involved personal checks signed by Trump.