Index Investing News
Saturday, April 4, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Trump’s ex-CFO Allen Weisselberg will be sentenced for lying under oath in ex-president’s New York civil fraud case

by Index Investing News
April 10, 2024
in Financial
Reading Time: 3 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York civil fraud case.

He is expected to be sentenced to five months in jail after pleading guilty last month to two counts of perjury. Weisselberg admitted lying when he testified he had little knowledge of how Trump’s Manhattan penthouse came to be valued on his financial statements at nearly three times its actual size.

It will be the 76-year-old’s second time behind bars. He served 100 days last year for dodging taxes on $1.7 million in company perks, including a rent-free Manhattan apartment and luxury cars.

Now, he’s again trading life as a Florida retiree for another stay at New York City’s notorious Rikers Island jail complex.

The two cases highlight Weisselberg’s unflinching loyalty to Trump, the presumptive Republican presidential nominee.

Trump’s family employed Weisselberg for nearly 50 years, then gave him a $2 million severance deal when the tax charges prompted him to retire. The company continues to pay his legal bills.

Weisselberg testified twice in trials that went badly for Trump, but each time took pains to suggest that his boss hadn’t committed any serious wrongdoing. His plea agreement does not require him to testify at Trump’s hush money criminal trial, which is scheduled to start with jury selection Monday.

In agreeing to a five-month sentence, prosecutors cited Weisselberg’s age and willingness to admit wrongdoing. In New York, perjury is a felony punishable by up to seven years in prison. Prosecutors promised not to prosecute Weisselberg for other crimes he might have committed in connection with his Trump Organization employment.

Weisselberg’s expected sentence would mirror his previous case in which he was ordered to serve five months in jail but was eligible for release after little more than three months with good behavior. Prior to that, he had no criminal record.

Trump’s lawyers took issue with Weisselberg’s perjury prosecution, accusing the Manhattan district attorney’s office of deploying “unethical, strong-armed tactics against an innocent man in his late 70s” while turning “a blind eye” to perjury allegations against Michael Cohen, the former Trump lawyer who is now a key prosecution witness in the hush money case.

A message seeking comment was left for Weisselberg’s lawyer Seth Rosenberg.

Weisselberg pleaded guilty March 4. He admitted lying under oath on three occasions while testifying in New York Attorney General Letitia James’ lawsuit against Trump: in depositions in July 2020 and May 2023 and on the witness stand at the trial last October. To avoid violating his tax case probation, however, he agreed to plead guilty only to charges related to his 2020 deposition testimony.

The size of Trump’s penthouse was a key issue in the civil fraud case.

Trump valued the apartment on his financial statements from at least 2012 to 2016 as though it measured 30,000 square feet (2,800 square meters). A former Trump real estate executive testified that Weisselberg provided the figure. The former executive said that when he asked for the apartment’s size in 2012, Weisselberg replied: “It’s quite large. I think it’s around 30,000 square feet.”

However, state lawyers noted, Weisselberg got an email early in that same year with a 1994 document attached that pegged Trump’s apartment at 10,996 square feet (1,022 square meters). Weisselberg testified that he remembered the email but not the attachment and that he didn’t “walk around knowing the size” of the apartment.

After Forbes magazine published an article in 2017 disputing the size of Trump’s penthouse, its estimated value on his financial statement was cut from $327 million to about $117 million.

As Weisselberg was testifying last October, Forbes published an article with the headline “Trump’s Longtime CFO Lied, Under Oath, About Trump Tower Penthouse.”

The civil fraud trial ended with Judge Arthur Engoron ruling that Trump and some of his executives had schemed to deceive banks, insurers and others by lying about his wealth on financial statements used to make deals and secure loans. The judge penalized Trump $455 million and ordered Weisselberg to pay $1 million. They are both appealing.

In his decision, Engoron said he found Weisselberg’s testimony “intentionally evasive” and “highly unreliable.”

Weisselberg is likely to factor into Trump’s hush-money trial — even if he’s in jail and not on the witness stand while it’s happening.

Trump is accused of falsifying his company’s records to cover up payments during his 2016 campaign to bury stories of marital infidelity. It is the first of Trump’s four criminal cases scheduled to go to trial. Trump has pleaded not guilty and denies wrongdoing.

Cohen has said Weisselberg had a role in orchestrating the payments. Weisselberg has not been charged in that case and neither prosecutors nor Trump’s lawyers have indicated they will call him as a witness.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.



Source link

Tags: AllenCaseexCFOexpresidentsfraudLyingOathSentencedTrumpsWeisselbergYorkcivil
ShareTweetShareShare
Previous Post

AstroNova: A Lot To Like (NASDAQ:ALOT)

Next Post

GOP still chained to decades-old ‘rule’ created by child molester

Related Posts

Kinneret ends March above bottom red line

Kinneret ends March above bottom red line

by Index Investing News
April 1, 2026
0

The Kinneret (Sea of Galilee) has ended March 2026 just above the bottom red line following heavy rainfall over...

Crude Check: Volatile But Firm

Crude Check: Volatile But Firm

by Index Investing News
March 28, 2026
0

Crude oil prices saw considerable volatility last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($105.30/barrel) was down 6.1...

Dow, S&P 500, Nasdaq wobble after rally as Iran war drags on

Dow, S&P 500, Nasdaq wobble after rally as Iran war drags on

by Index Investing News
March 24, 2026
0

The war in Iran is “incomparable” with any past oil shock in both its scale and its wide-ranging impact on...

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

by Index Investing News
March 20, 2026
0

Eternal shares on Friday rose 3% from the day's low of Rs 230.10 on the NSE to scale the day's...

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

by Index Investing News
March 16, 2026
0

A haunting whale song discovered on decades-old audio equipment could open up a new understanding of how the huge animals communicate, according...

Next Post
GOP still chained to decades-old ‘rule’ created by child molester

GOP still chained to decades-old ‘rule’ created by child molester

0,000 Homes in West Virginia, Mississippi and the District of Columbia

$420,000 Homes in West Virginia, Mississippi and the District of Columbia

RECOMMENDED

Three Years After Taliban Return, Terrorists Discover Protected Haven in Afghanistan

Three Years After Taliban Return, Terrorists Discover Protected Haven in Afghanistan

August 17, 2024
Ohio Dad and mom Plead Responsible After Video Reveals Abuse of 5 Adopted Boys ‘Worse Than Prisoners of Conflict’

Ohio Dad and mom Plead Responsible After Video Reveals Abuse of 5 Adopted Boys ‘Worse Than Prisoners of Conflict’

December 30, 2024
Prime Avenue analysts are upbeat concerning the potential of those 3 shares 

Prime Avenue analysts are upbeat concerning the potential of those 3 shares 

August 18, 2024
‘The Bear’ Wins Best Comedy at the Golden Globes

‘The Bear’ Wins Best Comedy at the Golden Globes

January 8, 2024
I’ve recorded 450 UFO sightings up to now 12 months at ‘alien hotspot’ – my staff are able to reveal ‘proof’ to the world

I’ve recorded 450 UFO sightings up to now 12 months at ‘alien hotspot’ – my staff are able to reveal ‘proof’ to the world

June 26, 2022
Wizards bungle trade deadline in every possible way

Wizards bungle trade deadline in every possible way

February 8, 2024
China cuts key rate of interest to 1.4%

China cuts key rate of interest to 1.4%

May 7, 2025
Best Crypto to Buy Now January 8 – Arbitrum, Celestia, Nexo

Best Crypto to Buy Now January 8 – Arbitrum, Celestia, Nexo

January 8, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In