Allen Weisselberg, known as "Donald Trump's moneyman, who previously pleaded guilty to a tax fraud scheme, was released from jail on Wednesday after serving about four months.

The 75-year-old former chief financial officer (CFO) of the Trump Organization may still face pressure, and additional charges from prosecutors after a separate probe by New York Attorney General Letitia James found he lied to an underwriter from an insurance company by submitting an independent property appraisal that the Trump Organization did.

Weisselberg has remained loyal to former president Donald Trump even if he spent a few months in New York City's Rikers Island jail for his role in a decade-long tax fraud scheme. 

He pleaded guilty to 15 felonies and was forced to testify against the Trump Organization during the criminal tax fraud trial.

According to CNN, the trial resulted in two business entities tied to the Trump Organization being convicted and made to pay the maximum penalty of $1.6 million.

Weisselberg, who had initially worked for the former president's father, Fred Trump, had been with the Trump Organization for around 50 years. He soon rose through the ranks, becoming a close friend to the former president and becoming his "top moneyman," who knows all ins and outs of the company.

Weisselberg was let go by the company in January and was given a "generous" severance package before starting his jail sentence.

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Allen Weisselberg, a Potential Witness in the Manhattan DA's Hush Money Case Against Donald Trump

Allen Weisselberg may find himself testifying against Donald Trump once again, as the former Trump Organization executive may have known something about the former president's hush money payment to porn star Stormy Daniels before the 2016 presidential election. 

According to the Associated Press, because of his intimate knowledge of the Trump Organization's financial dealings, the Trump "moneyman" could be a valuable witness for the Manhattan District Attorney's Office, which has indicted Trump in a historic move.

Trump was accused of directing underlings, including his former lawyer Michael Cohen, to cover up his alleged affair before the 2016 elections.

Trump allegedly reimbursed and rewarded Cohen for his work buying the silence of people with stories about Trump's alleged marital infidelity. Cohen was also imprisoned after pleading guilty. However, unlike Weisselberg and Cohen, Trump has yet to face justice. Court filings indicated that Weisselberg advised Cohen how to pay off two women who said they had sexual encounters with Trump. It was also reported in the filings that he also arranged for Cohen to be paid $420,000 for paying these people off.

Former Trump Organization CFO Allen Weisselberg Parted Ways With Attorneys Before Jail Release

Before he was freed, Allen Weisselberg cut ties with his defense attorneys. He did this at the urging of Donald Trump's firm because they were concerned that his defense lawyers would be willing to entertain overtures from Manhattan prosecutors seeking the executive's cooperation in their investigation of Trump.

His now-former attorneys arranged Weisselberg's plea deal, which led him to testify against his company in exchange for a lighter sentence. It also led to fraud convictions against the Trump Organization and the Trump Payroll Corporation.

According to USA Today, there was a reported rift between Weisselberg's now-former lawyers and the Trump firm because they took the plea deal.

READ MORE: Trump Organization Convicted of 17 Felonies, Gets Maximum Punishment

This article is owned by Latin Post.

Written by: Rick Martin

WATCH: Allan Weisselberg Released From Jail - From CBS New York