Former Trump Organization CFO Allen Weisselberg pleaded guilty on Monday to perjury charges, multiple outlets reported.

Why it matters: His guilty plea to five counts of perjury caps several weeks of talks with Manhattan prosecutors after Weisselberg gave false testimony during former President Trump's civil fraud trial last fall.

• A judge sentenced him to five months in jail, per AP.
• This is Weisselberg's second guilty plea in a criminal case involving his work with the Trump Organization. He pleaded guilty in a tax fraud case in 2022 and was sentenced to serve five months.

State of play: As part of Monday's plea, Weisselberg admitted that he lied on the witness stand when he testified at Trump's civil fraud trial in October, AP reported.

• Prosecutors also accused Weisselberg of lying under oath at a deposition last year.

The big picture: New York Judge Arthur Engoron last month ordered Trump, his companies and fellow defendants to pay about $364 million for committing years of financial fraud.

• Engoron ruled that Weisselberg, one of the defendants, owed $1 million.
• Trump appealed the decision and offered to post a partial bond in an effort to halt collection of the penalties until his appeal is complete.
• A New York appellate judge rejected his request last week and ordered Trump to post bond for the full amount in order to stay enforcement of the judgment.

Editor's note: This is a breaking news story. Check back for updates.