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The Fall of Trump’s CFO; Weisselberg Sentenced to 5 Months in Jail on Perjury Charges

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The Fall of Trump’s CFO; Weisselberg Sentenced to 5 Months in Jail on Perjury Charges

Edited by: TJVNews.com

In a swift and decisive ruling, Allen Weisselberg, the former chief financial officer of the Trump Organization, faced the consequences of his actions as he was sentenced on Wednesday to five months in jail by Judge Laurie Peterson in Manhattan Criminal Court, according to report in The New York Post. The sentencing came after Weisselberg admitted to lying during former President Donald Trump’s New York civil fraud trial, marking a significant development in the legal saga surrounding the Trump Organization.

During the two-minute hearing, Weisselberg, now 76, maintained his silence as the judgment was passed, his stoic demeanor contrasting sharply with the gravity of the situation. According to the information provided in the Post report, the former CFO was clad in a black jacket and blue sweatpants, and was swiftly handcuffed and led away from the courtroom by court officers, signaling the end of an era for one of Trump’s most trusted confidants.

This latest legal blow follows Weisselberg’s previous stint behind bars, where he spent approximately 100 days incarcerated last year on charges of tax fraud. As was detailed in the Post report, his conviction stemmed from accepting $1.7 million in company perks off the books, including lavish benefits such as free rent on a Manhattan residence and tuition payments for his grandchildren. The Post reported added that these revelations not only tarnished Weisselberg’s reputation but also cast a shadow over the Trump Organization’s financial practices.

However, it was Weisselberg’s recent plea deal with the Manhattan District Attorney’s Office that proved to be the tipping point in his downfall. Indicated in the Post report was that in a stunning turn of events, Weisselberg pleaded guilty to two counts of perjury, admitting that he had lied to New York Attorney General Letitia James and her investigators during a deposition on May 12, 2023, and while testifying in Trump’s civil fraud case on October 10 of the same year.

As part of the plea agreement, Weisselberg confessed to knowingly providing false information to the AG’s Office on July 17, 2020, when they sought to evaluate the value of Trump’s properties and assets, the Post report explained. This revelation not only called attention to the extent of Weisselberg’s deception but also raised serious questions about the integrity of the Trump Organization’s financial disclosures and practices.

In a recent court session, Weisselberg confessed to lying about the size of Trump’s triplex in Trump Tower, stating that Trump had inflated its size to 30,000 square feet, despite it being considerably smaller at just under 11,000 square feet, as was pointed out in the Post report.

The details of Weisselberg’s severance from the Trump Organization also came to light during his testimony. According to the Post report, he disclosed that Trump paid him a $2 million severance package, under the condition that he would not publicly criticize the Republican presidential hopeful. This aspect of their agreement highlights the complex intertwining of personal and professional obligations that characterized Weisselberg’s tenure at the Trump Organization.

Weisselberg’s legal representation has expressed his intent to move past these challenges. According to the Pos report, his attorney, Seth L. Rosenberg, conveyed that Weisselberg had accepted responsibility for his actions and was eager to conclude this tumultuous chapter of his life, focusing on his family and retirement.

Meanwhile, the legal dramas involving Donald Trump continue to unfold. Trump is facing an upcoming trial regarding alleged “hush money” payments made to porn star Stormy Daniels before the 2016 presidential election, the Post report said. Jury selection for this trial is scheduled to begin on April 15. Trump has pleaded not guilty to 34 felony counts related to these allegations, which are separate from the issues involving Weisselberg but contribute to the broader legal challenges surrounding the former president.

 

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