Former Trump Organization CFO Allen Weisselberg released from jail
Former Trump Organization CFO Allen Weisselberg has been released from jail after spending over two months behind bars. Weisselberg was indicted on charges of tax fraud and grand larceny in connection with an alleged scheme to avoid paying taxes on fringe benefits he received from the Trump Organization.
Weisselberg’s release comes as a surprise to many, as he was expected to remain in jail until his trial in September. However, his lawyers were able to secure his release on a $500,000 bond, citing his age and the fact that he is not a flight risk. Weisselberg, who is 73 years old, has worked for the Trump Organization for over 40 years and is considered a loyal employee by former President Donald Trump.
The charges against Weisselberg stem from an investigation by the Manhattan District Attorney’s office into the financial dealings of the Trump Organization. Prosecutors allege that Weisselberg and other executives at the company received millions of dollars in off-the-books compensation, including rent-free apartments, car leases, and school tuition for family members, in order to avoid paying taxes on that income.
Weisselberg has pleaded not guilty to the charges and has maintained his innocence throughout the investigation. His lawyers have argued that he is being targeted by prosecutors in an attempt to pressure him to cooperate with their investigation into Trump’s business dealings.
The release of Weisselberg from jail is not expected to have any immediate impact on the case against him or on the broader investigation into the Trump Organization. However, it does raise questions about the strength of the prosecution’s case and whether they will be able to secure a conviction against him.
As Weisselberg prepares to face trial in September, all eyes will be on the outcome of the case and what it could mean for the future of the Trump Organization. With Weisselberg now out of jail, the legal battle is sure to intensify as prosecutors and defense attorneys prepare to make their case in court.
