New York

Trump Organization's former Chief Financial Officer (CFO) Allen Weisselberg was released from New York City’s Rikers Island jail on Friday (Jul 19) after serving a sentence for lying under oath, the prison correctional officials confirmed. 

Advertisment

Weisselberg served 100 days behind bars for lying during an investigation into the former United States president's real estate business. 

“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. 

Rosenberg added that Weisselberg had been released from custody and “reunited with his family". 

Advertisment

Weisselberg's lies

In October last year, the former Trump Organization CFO on the witness stand said that he was not involved in an incorrect valuation of Trump's Manhattan penthouse. However, Forbes later published a report accusing Weisselberg of lying on the stand. 

Trump's 2015 and 2016 financial statements valued the former president's Manhattan townhouse at $327 million based on its stated size of more than 30,000 square feet, nearly three times the actual size.

Advertisment

The civil fraud case culminated in a $454 million penalty imposed on the former president. The judge also imposed a fine worth $1.1 million, including interest, on the former executive. He was also barred for three years from serving in top leadership positions in any New York corporation or business entity.

In March this year, Weisselberg pleaded guilty to two perjury counts at a hearing before Judge Laurie Peterson in a Manhattan criminal court. 

Watch | Trump's longtime CFO Allen Weisselberg sentenced on charges of fraud, tax invasion

×

In return for pleading guilty, prosecutors agreed not to prosecute him for any other crimes he might have committed in connection with his longtime employment at the Trump Organization.

Notably, the 76-year-old had also served another 100 days sentence in jail last year after pleading guilty to dodging taxes on $1.7 million in off-the-books compensation from the Trump Organization. 

(With inputs from agencies)