Ex-Trump CFO Admits to Perjury Ahead of NY Hush Money Trial

  • Ex-Trump CFO Admits to Perjury Ahead of NY Hush Money Trial

    Posted by Unknown Member on March 4, 2024 at 3:19 pm

    Allen Weisselberg, the former chief financial officer of Donald Trump’s real estate company, pleaded guilty to perjury over false testimony he gave to support Trump in New York state’s civil fraud case.

    Weisselberg, who was led into a lower Manhattan courtroom in handcuffs Monday, was also a defendant in the civil suit brought by New York Attorney General Letitia James. He entered his plea following talks with Manhattan District Attorney Alvin Bragg and, under an agreement with Bragg’s office, will be sentenced to five months in jail when he is sentenced next month.

    The development comes as Trump is appealing his loss in the fraud case. That trial resulted in a $454 million judgment against him and his company for inflating the value of his assets by billions of dollars a year for more than a decade to get better terms on loans from Deutsche Bank AG and other lenders.

    But it also comes just before the March 25 start of Trump’s criminal trial over hush money payments made to the porn star Stormy Daniels in the days leading up to the 2016 presidential election. Weisselberg isn’t expected to testify against Trump in the trial, but Bragg’s office could use him to corroborate testimony from their star witness, Michael Cohen.

    A Crime, ‘Plain and Simple’

    Weisselberg, 76, pleaded guilty over two incidents in which he lied under oath about his participation in the inflation of the Trump assets, specifically about the size of a Trump Tower penthouse.

    Before he struck his plea deal with prosecutors, he was facing five counts of first-degree perjury, a felony punishable by as many as seven years in prison. He will be sentenced on April 10 and will be allowed to remain free in the meantime.

    “It is a crime to lie in depositions and at trial — plain and simple,” a spokesperson for Bragg said in a statement.

    “Allen Weisselberg took an oath to be truthful, and then committed perjury both at depositions during the New York State attorney general’s investigation and proceeding, as well as at their recent trial.”




    https://news.bloombergtax.com/daily-tax-report-state/ex-trump-cfo-weisselberg-to-plead-guilty-to-perjury-in-ny-case

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