Knesset Member Omri Sharon submitted a resignation letter to Knesset Speaker Reuven Rivlin. Sharon has confessed to, and was convicted of violating the Party Law and giving false testimony to the State Comptroller.
Omri Sharon also declared Tuesday that he was exiting public life, and that he was not planning on running in the next round of elections. His replacement has not yet been appointed.
The prime minister's son's trial will soon convene to determine the punishment.
Last month, the president of the Tel Aviv District Court, Edna Beckenstein, ruled against a request by Sharon to delay sentencing.
Sharon Junior had asked for the delay arguing that competing political parties would attempt to make use of the trial, which would seriously harm the chances of a fair treatment of his case.
Sharon was convicted of crimes committed in 1999, when his father competed in the Likud primaries. According to Attorney General Menachem Mazuz, Omri Sharon managed his father's elections campaign.
Between July 1999 and February 2000, Sharon Junior received over NIS 6 million (about USD 1,280,000) in donations from both Israel and abroad for the campaign.
The sums are a major violation of the permitted amount according to the Party Law.
Omri Sharon did not report the massive funds to the Likud. In order to use the funds, he set up a private company to which the money was sent, and which then paid service providers.
Sharon ordered some service providers to be careful while writing their invoices, so that they don't expose the level of work they carried out.