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Allen Weisselberg, the former chief financial officer for the Trump Organization, was sentenced to five months in jail on Tuesday for his involvement in a tax fraud scheme at the real estate company.
Tuesday’s sentence comes after Weisselberg entered a plea deal and admitted that he, as well as several other top-level employees, had received bonuses and other financial perks while intentionally concealing the benefits from tax authorities to avoid paying taxes.
As part of that plea deal, Weisselberg pleaded guilty to 15 felony charges. He will serve five months at the Rikers Island jail complex in New York while paying back about $2 million in taxes, penalties, and interest.
The 75-year-old money manager could be eligible for release after three months of detention if he exemplifies good behavior, the judge said. Once released, he will be ordered to complete five years of probation.
