Ex-Trump CFO Weisselberg Released from Jail

April 19, 2023

Former Trump Organization chief financial officer Allen Weisselberg was released from jail on Wednesday, according to the New York City Department of Corrections. 

Weisselberg had been sentenced in January to five months at Rikers Island for his role in a decades-long tax fraud scheme after testifying as New York state’s star witness against the former President’s real estate company. However, the 75-year-old was eligible for release after 100 days with time off for good behavior.

He had pleaded guilty in August to 15 felonies in a deal with prosecutors. As part of the deal, he was required to testify at the trial of the Trump Organization, pay $2 million in back taxes, interest and penalties, and waive any right to appeal. 

Weisselberg admitted he should have paid taxes on off-the-books compensation, totaling roughly $200,000 in one year, which included a luxury Manhattan apartment overlooking the Hudson River, two Mercedes Benz car leases, parking, utilities, furniture and private school tuition for his grandchildren.

Three days after Weisselberg was sentenced, the Trump Organization was fined $1.6 million—the maximum legal amount—after it had been convicted of tax fraud.

A Manhattan jury in December had found two companies under former President Trump’s real estate enterprise guilty of 17 separate counts of criminal tax fraud and faisifying business records. The conviction was connected to a 15-year scheme by the Trump Corp. and Trump Payroll Corp. to defraud tax authorities by failing to report and pay taxes on compensation for top executives.

Trump, who in November announced he was running for reelection in 2024, has denied any wrongdoing and said he is being targeted because of politics.

In a statement released after sentencing, the Trump Organization also said it did nothing wrong and would appeal the verdict.

Since then, Trump has been indicted and arraigned in Manhattan on 34 felony counts of falsifying business records and conspiracy related to his role in a hush money payment during the 2016 campaign season. Trump has pleaded not guilty to the charges.

PHOTO source: Bin im Garten

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