Ex-Trump executive Allen Weisselberg begins Rikers Island jail sentence after perjury plea

allen weisselberg

Donald Trump’s former chief financial officer Allen Weisselberg is returning to jail after pleading guilty to perjury over testimony he gave during a sprawling fraud case targeting the former president’s real estate empire.

Weisselberg – entering Manhattan criminal court in a dark track suit and face mask – was sentenced to five months in prison on Wednesday, weeks after reaching a plea deal with prosecutors to admit that he lied to investigators and a judge probing the former president’s real estate empire.

He previously spent 100 days at the notorious New York jail last year after he was convicted on a range of tax crimes in a separate case stemming from a sweeping criminal investigation into Mr Trump’s business.

Mr Trump’s former financial chief also was a co-defendant in the civil fraud case, during which he lied under oath on three occasions, including in depositions and on the witness stand during a months-long trial.

In February, New York Justice Arthur Engoron determined that the former president and his co-defendants grossly inflated the value of his properties to get more favourable financing terms from banks and insurers, a judgment that slapped the former president with tens of millions of dollars in penalities.

Now, Weisselberg could be called as a witness in another separate case, the first-ever criminal trial against a former president, when Mr Trump’s trial for allegedly falsifying business records to cover up hush money payments to an adult film star begins on 15 April.

During the civil fraud trial, Weisselberg faced questions from state lawyers about his knowledge of Mr Trump’s statements of financial condition, the documents at the heart of the case.

Those documents were found to have included fraudulent valuations of Mr Trump’s net worth and assets in an effort to obtain favourable terms for some of his brand-building properties.

In his judgment, Judge Engoron ordered Weisselberg to pay $1m – the amount of severance he has received so far – and found that his testimony was “intentionally evasive, with large gaps of ‘I don’t remember.’”

Weisselberg’s severance agreement “renders his testimony highly unreliable” because it prohibited the former CFO from cooperating with law enforcement. “The Trump Organization keeps Weisselberg on a short leash, and it shows,” Judge Engoron wrote.

At the centre of that case was a valuation of Mr Trump’s Manhattan triplex penthouse, which was valued based on measurements showing that the property was 30,000 square feet. An article from Forbes in 2017 disputed that claim, cutting the value of the property grom $327m to $117m.

At trial, a former Trump real estate official testified that Weisselberg said the property was “around 30,000 square feet” in 2012. Emails from that same year show that Weisselberg would have known that the apartment was actually less than 11,000 square feet.

During his testimony, Forbes published an article stating that Weisselberg was lying under oath.

This is a developing story

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