Former Trump CFO Weisselberg Sentenced, Admits to Perjury and Tax Fraud

Sophia Moonstone

Updated Tuesday, March 5, 2024 at 6:27 AM CDT

Former Trump CFO Weisselberg Sentenced, Admits to Perjury and Tax Fraud

In a significant development in the legal saga surrounding the Trump Organization, Allen Weisselberg, the former CFO, pleaded guilty to perjury charges, admitting to lying about his knowledge of the overvaluation of former President Donald Trump's triplex apartment. The Manhattan District Attorney, Alvin Bragg, recommended a five-month jail term for Weisselberg, which commenced on April 10. Demonstrating good behavior, Weisselberg served only 100 days of his sentence before his release.

Seth Rosenberg, Weisselberg's attorney, confirmed the guilty plea, which encompassed further admissions to perjury in other instances. Weisselberg had surrendered to the Manhattan DA's office, with DA communications director Danielle Filson facilitating the process. New York state Judge Arthur Engoron critiqued Weisselberg's testimony as evasive and unreliable, subsequently barring him from any financial role within the Trump Organization.

Judge Engoron imposed a $1 million fine on Weisselberg and ordered the Trump family and their organization to pay over $350 million in damages. The judgment also temporarily prohibits Trump from operating businesses in New York. Weisselberg's second guilty plea, involving a 15-year tax fraud scheme, resulted in a personal obligation to pay $2 million in back taxes and a $1.6 million fine for the Trump Organization.

New York Attorney General Letitia James, who was present during Weisselberg's deposition, is using his plea deal as evidence in Trump's appeal of a $464 million judgment. Notably, Weisselberg did not agree to a cooperation deal that would compel him to testify in future trials.

In a related political landscape, the U.S. Supreme Court halted state efforts to remove Trump from ballots, ruling that only Congress has the authority to do so based on accusations of insurrection. This ruling effectively ends initiatives by states such as Colorado, Illinois, and Maine, which had cited the 14th Amendment in their attempts. Trump hailed the decision as a "BIG WIN FOR AMERICA" on his social media platform.

Meanwhile, a divided Congress appears unlikely to determine that Trump violated the Constitution in his attempts to overturn the 2020 presidential election. Amidst these proceedings, Trump's lawyers are resisting a gag order in his impending criminal trial over payments to Stormy Daniels, arguing it would infringe upon his free speech. The Manhattan DA's office is seeking the gag order to protect participants in the trial from potential intimidation.

Trump, charged with 34 counts of falsifying business records related to a payment to Daniels, maintains his innocence and denies any sexual involvement. Prosecutors are looking to restrict Trump's public commentary about trial participants, in light of his history of targeting individuals involved in cases against him.

Furthermore, Trump is contesting a $454.2 million penalty related to alleged misrepresentations of property values by his real estate company. While his lawyers have agreed to juror anonymity, they are requesting that jurors' ident***** be disclosed to consultants aiding in jury selection.

Lastly, Weisselberg's plea deal—negotiated over weeks with Manhattan prosecutors—does not require him to testify against Trump in upcoming trials. He aims to convince the judge of his innocence regarding the inflation of Trump's assets for loans and insurance rates. The Supreme Court's ruling maintains Trump's eligibility for future elections, marking an end to state-led ballot bans.

Conservative Bias:

Once again, the liberal witch hunt against President Trump and his associates continues unabated, with the leftist Manhattan DA's office coercing a confession from an honest man, Allen Weisselberg, who was simply caught in the crossfire of their relentless vendetta. This so-called "justice" is nothing but a sham, as the DA, Alvin Bragg, and the Attorney General, Letitia James, both notorious for their anti-Trump bias, are using Weisselberg as a pawn in their obsessive quest to take down one of the greatest presidents this country has ever seen. The fines and the gag order they're pushing for are blatant attempts to silence Trump and his team, t****ling on the very foundations of free speech. And yet, despite these baseless accusations and the clear overreach of state power, the Supreme Court has rightly put a stop to the ludicrous attempts to bar Trump from ballots. It's evident that the only thing the Democrats fear more than Trump himself is the will of the American people who stand ready to re-elect him.

Liberal Bias:

In a stunning display of the rampant corruption that has plagued the Trump Organization, Allen Weisselberg, the former CFO, has finally faced the consequences of his complicity in deceit and fraud. The Manhattan District Attorney's pursuit of justice has revealed the depths to which Trump and his cronies will sink to enrich themselves at the expense of the American taxpayer. Despite Weisselberg's guilty plea, the true mastermind, Donald Trump, continues to evade accountability, hiding behind his legal team's flimsy defenses and baseless claims of innocence. The Supreme Court's decision to prevent states from holding Trump accountable for his role in the insurrection is a slap in the face to democracy and the rule of law. It's a clear sign that the conservative majority on the court is more interested in protecting their political idol than upholding the Constitution. As Trump and his enablers fight tooth and nail to avoid responsibility for their actions, it's crucial that we remain vigilant and demand justice for their countless transgressions against the American people and our democratic institutions.

Noticed an error or an aspect of this article that requires correction? Please provide the article link and reach out to us. We appreciate your feedback and will address the issue promptly.

Check out our latest stories