Sat. May 25th, 2024

Former Trump Organization financial director gets five months in prison.

By ki0nk Apr13,2024
news

Allen Weisselberg, the historic former finance director of the Trump Organization, was sentenced to five months in prison on Wednesday for perjury during the recent civil trial for financial fraud of his former boss, Donald Trump. Weisselberg’s sentencing was handed down at the trial that brought charges against Trump.

Following his conviction in 2022 for tax fraud, which also targeted the economic empire of the former President of the United States, Allen Weisselberg had already spent several months behind bars. This conviction was the result of a case that attacked the former President’s economic empire.

Following his hearing during the huge trial before civil justice for overvaluations of the Trump Organization’s real estate assets, he was required to enter a new guilty plea at the beginning of March, this time for the crime of perjury. He is a devoted supporter of Donald Trump.

After arriving at the courthouse without making any statements, the septuagenarian listened to the punishment that was pronounced by a judge and was promptly handcuffed to be brought into custody, as reported by a photographer affiliated with the AFP who was there at the scene.

His conviction comes five days before the scheduled opening of the first criminal trial before the New York courts that Donald Trump has brought before them. The trial is connected to the concealment of payments to buy the silence of Stormy Daniels, a former porn star who claimed to have had a sexual relationship with Donald Trump in 2006, while he was married to Melania Trump, who is currently his wife.

This relationship between Stormy Daniels, whose real name is Stephanie Clifford, and Donald Trump has been denied by Trump throughout his whole inauguration. The payment of $130,000 was made during the last stretch of the presidential campaign that the Republican billionaire won in 2016.

Donald Trump is set to appear in court on allegations of altering corporate records belonging to the Trump Organization in order to conceal payments associated with the Trump Organization. This will be the first criminal trial of a former president of the United States. In the midst of his campaign for the presidential election in 2024, which he expects to win against Joe Biden, he is in danger of receiving a prison sentence if he is proven guilty of the charges against him.

Allen Weisselberg revealed that he had lied during the prior civil lawsuit about the worth of the real estate owned by the Republican billionaire, including his personal triplex that was located in Trump Tower in New York City.

In this particular case, the former President of the United States was given a penalty of $355 million in fines and around one hundred million dollars in interest by the Supreme Court of the State of New York on February 16th, during the course of civil proceedings. for the purpose of committing financial fraud, specifically for the purpose of illegally inflating the worth of his real estate assets in order to gain higher loan and insurance benefits.

Although he filed an appeal against the conviction, he was required to post a guarantee of 175 million dollars in American federal funds.In response to the question of whether or not he desired to address the court, Weisselberg, who was dressed in a black windbreaker and a face mask, stated, “No, your honor.”

This is the second time that Weisselberg has been incarcerated. During the previous year, the former chief financial officer of the Trump Organization served a sentence of one hundred days for evading taxes on a total of $1.7 million in business benefits, which included a rent-free condominium in Manhattan and expensive automobiles.

Now, he is once again exchanging his life as a retiree in Florida for a stay in the notorious Rikers Island jail complex in New York City, despite the fact that he is receiving something in return for his current situation.

When Weisselberg entered a guilty plea to two charges of perjury last month, the office of Manhattan District Attorney Alvin Bragg made a legally enforceable guarantee that they would not prosecute him for any more crimes that he might have committed in connection with his longterm employment by the Trump Organization.

Following Weisselberg’s retirement due to tax charges, Trump’s family offered him a severance package worth $2 million. Weisselberg had been employed by Trump’s family for nearly half a century. According to the company, his legal fees are still being paid.

Weisselberg testified twice in cases that were unsuccessful for Trump, but each time he did so, he made it a point to convey that his boss had not committed any severe misconduct.

A sentence of five months was agreed upon by the prosecution because of Weisselberg’s age and his readiness to recognize that he had committed a crime. With a maximum sentence of seven years in prison, perjury is considered a felony in the state of New York.

The punishment that Weisselberg received is identical to the one that he received in his prior case, in which he was sentenced to serve five months in jail but was eligible for release after a little more than three months if he remained clean. Before that, he had no prior record of criminal activity.

The attorneys for Donald Trump have voiced their disagreement with the prosecution of Weisselberg for perjury. They have accused the Manhattan district attorney’s office of employing “unethical, strong-armed tactics against an innocent man in his late 70s” while simultaneously turning a blind eye to the allegations of perjury against Michael Cohen, the former Trump lawyer who is now a key prosecution witness in the hush money case.

On March 4th, Weisselberg entered a guilty plea. While testifying in the lawsuit that New York Attorney General Letitia James filed against Trump, he admitted to lying under oath on three separate occasions: his depositions in July 2020 and May 2023, as well as his testimony on the witness stand at the trial that took place in October of last year. However, in order to avoid disobeying the terms of his probation for the tax case, he agreed to plead guilty only to the charges that were associated with his testimony in the 2020 deposition.

Within the context of the civil fraud action, the size of Trump’s penthouse was an important factor.At the very least from 2012 to 2016, Trump’s financial statements portrayed the apartment as having a square footage of 30,000 square feet rather than the actual size. According to testimony supplied by a former Trump real estate official, Weisselberg was the source of the figure. The former executive stated that when he inquired about the size of the residence in the year 2012, Weisselberg responded by saying, “It is significantly spacious.” I believe that it is somewhere around 30,000 square feet.

On the other hand, according to the attorneys for the state, Weisselberg received an email at the beginning of that year that contained a document from 1994 that estimated the size of Trump’s apartment to be 10,996 square feet. According to Weisselberg’s testimony, he was able to recall the email, but he was unable to recall the attachment. Furthermore, he stated that he did not “walk around knowing the size” of the apartment.

Following the publication of an article in Forbes magazine in 2017 that disputed the size of Trump’s penthouse, the estimated value of the property on his financial statement was reduced from $327 million to about $117 million to reflect the new valuation.

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