Allen Weisselberg, Former Trump Organization CFO, Faces Sentencing for Perjury

Former Trump Organization CFO Allen Weisselberg was sentenced Wednesday to five months in New York City's Rikers Island jail complex.

Allen Weisselberg, Former Trump Organization CFO, Faces Sentencing for Perjury
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10 Apr 2024, 04:49 PM
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Former Trump Organization chief financial officer Allen Weisselberg is once again facing jail time, less than a year after his previous release.

Following a plea agreement with prosecutors over perjury committed during a 2023 civil fraud case, Weisselberg has been sentenced to five months in New York City's Rikers Island jail complex.

In March, Weisselberg pleaded guilty to two felony counts of perjury, admitting to providing false testimony about the size of former President Donald Trump's triplex apartment in New York during a deposition.

Initially facing three additional perjury charges, Weisselberg's agreement allowed him to avoid pleading guilty to those charges. The charges were related to false sworn testimony given in May and October of 2023, during a discovery deposition and his civil fraud trial with Donald Trump, respectively.

In a recent development, New York State Attorney General Letitia James accused Trump and his associates, including Weisselberg, of inflating the value of the Trump Organization to receive favorable loans and other benefits. The civil case concluded with a judge ordering the former president to pay more than $450 million, including  interest, which was later reduced by an appeals court to $175 million. Weisselberg, on the other hand, was found liable for fraud and ordered to pay $1 million plus interest. During the trial, he admitted to receiving $2 million in severance after leaving the Trump Organization.

Additionally, Bragg's office previously secured a guilty plea from Weisselberg in connection with a separate case, a 2022 criminal tax fraud case against the company, where two subsidiaries of the Trump Organization were found guilty of 17 felony counts. The Trump Organization entities were fined $1.6 million in the 2022 case. Trump, however, was not personally charged in that case and denied any knowledge of fraud.

As part of Weisselberg's plea deal in the tax fraud case, he was required to testify at the Trump Organization trial in 2022. Furthermore, as part of his plea agreement in the perjury case, prosecutors agreed not to call him as a witness in Trump's upcoming criminal trial, scheduled to begin Monday.