Jul 19, 2024, 12:44 PM
Jul 19, 2024, 12:44 PM

Former Trump CFO Allen Weisselberg Released After 100 Days in Jail

Highlights
  • Allen Weisselberg, the former CFO of the Trump Organization, has been released from prison after serving 100 days.
  • His imprisonment follows a fraud case linked to the Trump Organization's financial practices.
  • Weisselberg's return raises discussions about the implications for the Trump Organization and ongoing legal challenges.
Story

Allen Weisselberg, the former Chief Financial Officer of the Trump Organization, has been released from jail after serving 100 days of a five-month sentence. Weisselberg, who has been with the Trump Organization for nearly five decades, pleaded guilty to lying under oath during a civil fraud case involving former President Donald Trump. The case centered on allegations that Trump exaggerated his wealth to secure bank loans, with Weisselberg admitting to misrepresenting the value of Trump’s Manhattan penthouse. In his testimony, Weisselberg acknowledged that he provided false information regarding the size of Trump’s Fifth Avenue triplex, which was inaccurately reported as 30,000 square feet instead of its actual size of less than 11,000 square feet. As part of his plea deal, prosecutors agreed not to pursue additional charges against him for other potential crimes committed during his tenure at the Trump Organization. Weisselberg's attorney, Seth Rosenberg, stated that his client is eager to move on from this "life-altering experience" and return to his family and retirement. Weisselberg had previously testified in defense of Trump on two occasions. Meanwhile, Judge Arthur Engorgon ordered Trump to pay $464 million in damages for inflating his net worth, although Trump has temporarily blocked this judgment by posting a $175 million bond while he appeals the decision.

Opinions

You've reached the end