Current:Home > reviewsFormer Trump Organization CFO Allen Weisselberg released from jail -Edge Finance Strategies
Former Trump Organization CFO Allen Weisselberg released from jail
View
Date:2025-04-18 02:07:17
Former Trump Organization chief financial officer Allen Weisselberg has once again been released from jail, according to New York City corrections records.
Weisselberg was sentenced April 10 to five months in New York City's Rikers Island jail complex, in line with a plea agreement reached with prosecutors over perjury he committed in a 2023 civil fraud case. He was released Friday, after 100 days, due to good behavior. It was his second 100-day stint in jail in just over a year.
Weisselberg pleaded guilty to two felony counts of perjury, admitting he gave false testimony regarding the size of former President Donald Trump's triplex apartment in New York during a July deposition. Prosecutors originally charged Weisselberg with three more counts of perjury, but Weisselberg's plea agreement allowed him to avoid pleading guilty to those charges.
One of those initial counts was related to false sworn testimony on May 12, 2023 in a discovery deposition. The other two counts stemmed from Weisselberg's Oct. 10, 2023, testimony in his civil fraud trial, in which he, Trump and other company executives were found liable for fraud.
The trial revolved around allegations by New York State Attorney General Letitia James that Trump, two of his sons, Weisselberg and others falsely inflated valuations of Trump Organization properties. A judge ordered the former president to pay more than $450 million, including interest, an amount attributed to "ill-gotten gains" from the scheme.
Weisselberg was found liable for fraud and ordered to pay $1 million plus interest. During the fraud trial, he acknowledged receiving $2 million in severance after leaving the Trump Organization.
Weisselberg committed perjury soon after he was released from jail following a previous guilty plea in a separate 2022 criminal tax fraud case against the company. A jury in that case found two subsidiaries of the Trump Organization guilty of 17 felony counts.
The Trump Organization entities were fined $1.6 million in the 2022 case. Trump was not personally charged in that case and denied any knowledge of fraud.
Weisselberg was released from that first five-month jail sentence after 100 days, also for good behavior, on April 19, 2023. He committed perjury during a deposition 32 days later, on May 21, 2023, according to Manhattan District Attorney Alvin Bragg..
He admitted to committing perjury again 55 days after that, during the July 17 deposition in the civil fraud case. And again 87 days later, on Oct. 12, while testifying during the trial.
Weisselberg's recent sentence saw him incarcerated while Trump himself stood trial as the first former president ever charged with crimes. At one point, the judge in that case asked prosecutors for Bragg and lawyers for Trump why Weisselberg wasn't called to the stand, having been identified as a potential witness to a falsification of business records scheme that Trump was convicted of in May.
Both prosecutors and Trump's attorneys demurred, indicating that neither wanted to call the twice-jailed perjurer as a witness for their side.
Graham KatesGraham Kates is an investigative reporter covering criminal justice, privacy issues and information security for CBS News Digital. Contact Graham at KatesG@cbsnews.com or grahamkates@protonmail.com
veryGood! (33)
Related
- B.A. Parker is learning the banjo
- What do we know about Jason Eaton, man accused of shooting 3 Palestinian students
- Alabama, Nick Saban again run the SEC but will it mean spot in College Football Playoff?
- Holiday shopping: Find the best gifts for Beyoncé fans, from the official to the homemade
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Indonesia’s Marapi volcano erupts, spewing ash plumes and blanketing several villages with ash
- No. 8 Alabama knocks off No. 1 Georgia 27-24 for SEC title. Both teams await postseason fate
- Fiery crash on New Hampshire interstate sets off ammunition
- $73.5M beach replenishment project starts in January at Jersey Shore
- It's been a brutal year for homebuyers. Here's what experts predict for 2024, from mortgage rates to prices.
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- 1 person is dead and 11 missing after a landslide and flash floods hit Indonesia’s Sumatra island
- How a quadruple amputee overcame countless rejections to make his pilot dreams take off
- As host of UN COP28 climate talks, the autocratic UAE is now allowing in critics it once kept out
- Skins Game to make return to Thanksgiving week with a modern look
- The Excerpt podcast: The temporary truce between Israel and Hamas is over
- Bullets scattered on Rhode Island roadway after wild pursuit of vehicle laden with ammo
- Joe Flacco will start for Browns vs. Rams. Here's why Cleveland is turning to veteran QB
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Supernatural Actor Mark Sheppard Says He Had 6 Massive Heart Attacks
Thousands of climate change activists hold boisterous protest march in Brussels with serious message
32 female athletes file lawsuit against Oregon citing Title IX violations
The Daily Money: Spending more on holiday travel?
Republicans had New Yorkers lead the way in expelling Santos. Will it help them keep the majority?
Why solar-powered canoes could be good for the future of the rainforest
Enjoy This Big Little Look at Zoë Kravitz and Channing Tatum's Sweet Love Story