Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Trump ex-deputy Weisselberg sentenced to five months for perjury

Published 04/10/2024, 06:07 AM
Updated 04/10/2024, 10:27 AM
© Reuters. FILE PHOTO: Trump Organization's former Chief Financial Officer Allen Weisselberg appears in Manhattan Criminal Court in New York City, U.S., March 4, 2024.  Curtis Means/Pool via REUTERS/File Photo

By Luc Cohen

NEW YORK (Reuters) -Former Trump Organization Chief Financial Officer Allen Weisselberg was sentenced on Wednesday to five months in jail after pleading guilty last month to perjury charges for lying to investigators and a judge about Donald Trump's finances.

Judge Laurie Peterson handed down the sentence at a hearing in Manhattan criminal court. The sentence was in line with the punishment the judge said she would impose at Weisselberg's March 4 plea hearing.

Court officers led Weisselberg out of the courtroom in handcuffs following a brief hearing.

The sentence marks the second stint behind bars for the former U.S. president's longtime loyal deputy.

Weisselberg, 76, spent around three months in New York's Rikers Island jail in 2023 after pleading guilty to participating in a 15-year tax fraud scheme at the Trump Organization.

The perjury charges stem from Weisselberg's testimony at a civil fraud case New York state Attorney General Letitia James brought against Trump, Weisselberg and other executives at Trump's family real estate company for manipulating property values to dupe lenders and insurers.

Weisselberg testified at the trial on Oct. 10 that he was not involved in an incorrect valuation of Trump's Manhattan townhouse. Trump's 2015 and 2016 financial statements valued the unit at $327 million based on its stated size of more than 30,000 square feet, nearly three times the actual size.

Manhattan District Attorney Alvin Bragg's office, which brought the charges against Weisselberg, said the former CFO's emails showed he was in fact paying close attention to the apartment.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Weisselberg also admitted to lying about his role in Trump's financial statements during two earlier depositions with James' office. James' investigation culminated in a $454 million penalty imposed on Trump for fraudulently valuing properties. Trump is appealing the order by Justice Arthur Engoron.

Engoron also ordered Weisselberg to pay $1.1 million including interest.

Weisselberg worked for the former president's family for half a century. His written plea agreement did not indicate if he would be cooperating with Bragg's office.

Trump is set to go on trial starting on Monday on criminal charges of covering up $130,000 in hush money his former lawyer Michael Cohen paid porn star Stormy Daniels for her silence before the 2016 election about a sexual encounter she says she had with Trump in 2006.

Trump has pleaded not guilty to 34 counts of falsifying business records and denies any such encounter with Daniels, whose real name is Stephanie Clifford.

The case, also brought by Bragg, is poised to be the first-ever criminal trial of a former U.S. president. Trump also faces three other indictments, which stem from his efforts to overturn his 2020 election loss and his handling of sensitive government documents. He has pleaded not guilty to all charges.

Latest comments

Total political procecution by EVIL people and everyone knows it. This banana republic bs should chill every American to rhe bone.
I hope he enjoys his time at Rikers and thinks it is worth supporting a total POS for
OK move along, nothing to see here.........it's all a conspiracy!........what about Hunter's laptop??!!??
You must be joking.
Youre a traitor to humanity.
@Jake, @Jerry, he's being sarcastic, of course.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.