Saturday, May 4, 2024

Former Trump Organization CFO Released From Jail

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Former Trump Organization Chief Financial Officer Allen Weisselberg has been released from prison.

According to reports from CNBC, he was promised a sentence of five months in jail to be served on Rikers Island and five years' probation in exchange for his testimony and agreed to repay nearly $2 million in owed.

He was sentenced to five months behind bars but was eligible for release after 100 days with time off for good behavior.

Weisselberg pleaded guilty in August to all 15 charges: one count of grand larceny in the second degree; three counts of criminal tax fraud in the third degree; one count of scheme to defraud in the first degree; one count of conspiracy in the fourth degree; one count of criminal tax fraud in the fourth degree; four counts of offering a false instrument for filing in the first degree; and four counts of falsifying business records in the first degree. (RELATED: Longtime Trump Org CFO Heads to Rikers Island)

Weisselberg, while no longer the company's chief financial officer, remained employed with Trump's family real estate firm and expected to make more than $1 million last year in salary and bonuses, according to his testimony.

In December, a Manhattan jury found two companies, the Trump Corp. and Trump Payroll Corp., guilty of criminal tax fraud.

READ NEXT: Trump Returns To Instagram

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Nancy Jackson
Nancy Jackson
Nancy grew up in the South where her passion for politics first began. After getting her BA in journalism from Ole Miss she became an arts and culture writer for Athens Magazine where she enjoyed reporting on the eclectic music and art scene in Athens, GA. However, her desire to report on issues and policies impacting everyday Americans won out and she packed her bags for Washington, DC. Now, she splits her time between the Nation’s Capital and Philadelphia where she covers the fast-paced environment of politics, business, and news. In her off time, you can find Nancy exploring museums or enjoying brunch with friends.

4 COMMENTS

  1. What a bunch of hooey. Typical, “if you plead guilty to all these charges, your sentence will be light, but, if you don’t, we will destroy you.” We also know Trump pays more in taxes that what is required. It’s been proven. Justice is dead.

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