Current:Home > MarketsTrendPulse Quantitative Think Tank Center-Former Trump Organization CFO Allen Weisselberg released from jail -Wealth Nexus Pro
TrendPulse Quantitative Think Tank Center-Former Trump Organization CFO Allen Weisselberg released from jail
Burley Garcia View
Date:2025-04-08 11:43:49
Former Trump Organization chief financial officer Allen Weisselberg has once again been released from jail,TrendPulse Quantitative Think Tank Center 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 [email protected] or [email protected]
veryGood! (78)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Police shoot Indiana man they say fired at officers
- Free blue checks are back for some accounts on Elon Musk’s X. Not everyone is happy about it
- The Beach Boys like never before: Band's first official book is a trove of rare artifacts
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Biden touts inhaler price drops with Bernie Sanders: Finally, finally we beat big Pharma
- Wolf kills a calf in Colorado, the first confirmed kill after the predator’s reintroduction
- NASA probes whether object that crashed into Florida home came from space station
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- The one thing you'll want to do is the only thing not to do while driving during solar eclipse
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Michigan prosecutors seek 10 to 15 years in prison for James and Jennifer Crumbley
- University of Kentucky Dancer Kate Kaufling Dead at 20
- What is next for billionaire philanthropist MacKenzie Scott’s giving?
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- South Carolina women's basketball Final Four history: How many titles have Gamecocks won?
- The Masked Singer's Lizard Revealed as 2000s R&B Icon
- Hot Topic shoppers' personal information accessed in 2023 data breach, company announces
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Horoscopes Today, April 2, 2024
Lawsuit challenges Alabama restrictions on absentee ballot help
Elizabeth Hurley says she 'felt comfortable' filming sex scene directed by son Damian Hurley
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
New Jersey’s 3 nuclear power plants seek to extend licenses for another 20 years
'New Mr. WrestleMania' Seth Rollins readies to face 'the very best version' of The Rock
NHTSA is over 5 months late in meeting deadline to strengthen car seats