Â鶹´«Ã½

Skip to main content

Former Trump executive sentenced to 5 months in jail for lying in civil fraud case

The Trump Organization's former Chief Financial Officer Allen Weisselberg arrives at court, Friday, Aug. 12, 2022, in New York. (AP Photo/John Minchillo) The Trump Organization's former Chief Financial Officer Allen Weisselberg arrives at court, Friday, Aug. 12, 2022, in New York. (AP Photo/John Minchillo)
Share
NEW YORK -

Allen Weisselberg, a retired executive in Donald Trump's real estate empire, was sentenced Wednesday to five months in jail for lying under oath during his testimony in the civil fraud lawsuit brought against the former president by New York's attorney general.

Weisselberg, 76, was escorted out of the courtroom in handcuffs following the sentencing, which lasted less than five minutes.

Asked if he wanted to address the court, Weisselberg, wearing a black windbreaker and a face mask, responded, "No, your honor."

It is Weisselberg's second time behind bars. The former Trump Organization chief financial officer 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 a stay at New York City's notorious Rikers Island jail complex, though he's also getting something in return.

When Weisselberg pleaded guilty last month to two counts of perjury, the office of Manhattan District Attorney Alvin Bragg made a legally binding promise not to prosecute him for any other crimes he might have committed in connection with his longtime employment by the Trump Organization.

Weisselberg's plea agreement also does not require him to testify at Trump's hush money criminal trial, which is scheduled to start with jury selection Monday.

"Allen Weisselberg accepted responsibility for his conduct and now looks forward to the end of this life-altering experience and to returning to his family and his retirement," his attorney, Seth Rosenberg, said in a statement after the court hearing.

Prosecutors with Bragg's office declined to address the court during the brief sentencing hearing. As part of his guilty plea, 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.

The two cases highlighted 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 he took pains to suggest that his boss hadn't committed any serious wrongdoing.

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.

Weisselberg's sentence mirrors 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.

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 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, who lives in Boynton Beach, Florida, has not been charged in that case, and neither prosecutors nor Trump's lawyers have indicated they will call him as a witness.

CTVNews.ca Top Stories

British Columbia saw a rare unanimous vote in its legislature in October 2019, when members passed a law adopting the United Nations Declarations on the Rights of Indigenous Peoples, setting out standards including free, prior and informed consent for actions affecting them.

A pedestrian has died after reportedly getting struck by an OPP cruiser in Bala early Sunday morning.

Two and a half years after losing her best friend and first love to suicide, Brooke Ford shared her story of grief and resilience at the CMHA Windsor-Essex Suicide Awareness Walk.

opinion

opinion How to make the most out of your TFSA

The Tax-Free Savings Account can be a powerful savings tool and investment vehicle. Financial contributor Christopher Liew explains how they work and how to take full advantage of them so you can reach your financial goals faster.

Local Spotlight

A tale about a taxicab hauling gold and sinking through the ice on Larder Lake, Ont., in December 1937 has captivated a man from that town for decades.

When a group of B.C. filmmakers set out on a small fishing boat near Powell River last week, they hoped to capture some video for a documentary on humpback whales. What happened next blew their minds.

A pizza chain in Edmonton claims to have the world's largest deliverable pizza.

Sarah McLachlan is returning to her hometown of Halifax in November.

Wayne MacKay is still playing basketball twice at Mount Allison University at 87 years old.

A man from a small rural Alberta town is making music that makes people laugh.

An Indigenous artist has a buyer-beware warning ahead of Sept. 30, the National Day for Truth and Reconciliation.

Police are looking to the public for help after thieves broke into a Lethbridge ice creamery, stealing from the store.

An ordinary day on the job delivering mail in East Elmwood quickly turned dramatic for Canada Post letter carrier Jared Plourde. A woman on his route was calling out in distress.