Wise said he gave close friend Mr Jimenez £500,000 to invest in a golf course in France.
He claimed that the agreed purpose was not fulfilled and said he was entitled to have the money back.
Mr Jimenez disputed Mr Wise’s claim and said the money was invested in the golf course development in Les Bordes as agreed.
Judge Penelope Reed QC ruled in Mr Wise’s favour after a High Court hearing in London, and ordered Mr Jimenez to pay compensation.
Jimenez is a co-owner of Charlton Athletic and the pair used to work together at Newcastle - when Mr Wise was director of football and Mr Jimenez a vice president.
Judge Reed said Mr Wise, 46, had been subjected to long “sometimes aggressive” questioning but had come across as a “truthful witness”.
She said she had treated Mr Jimenez’s evidence with extreme caution.
“I consider that Mr Jimenez received the sum of £500,000 from Mr Wise for a specific purpose and he has not satisfied me on the balance of probabilities that he has fulfilled that purpose,” said the judge.
He is liable to pay equitable compensation to Mr Wise in the sum of £500,000 together with interest.
Mr Jimenez said later that he intended to appeal.
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NEWCASTLE UNITED 2013/14
CARDIFF CITY 1 NEWCASTLE 2 (Remy 2)
Krul, Debuchy, Williamson, Coloccini, Santon, Tiote, Cabaye (86' Ben Arfa), Gouffran, Sissoko, Remy (71' Gutierrez), Cisse
Subs: Anita, Yanga-Mbiwa, Elliot, Sammy Ameobi, Dummett
EVERTON 3 NEWCASTLE 2 (Cabaye, Remy)
Krul, Debuchy, Yanga-Mbiwa (46' Williamson), Coloccini, Santon, Tiote, Anita (69' Cisse), Ben Arfa (46' Cabaye), Sissoko, Gouffran, Remy
Subs: Elliot, Obertan, Sammy Ameobi, Dummett
NEWCASTLE 2 HULL CITY 3 (Remy 2)
Krul, Debuchy (86' Tiote), Yanga-Mbiwa, Coloccini, Santon, Cabaye (62' Gouffran), Anita, Sissoko, Ben Arfa, Cisse (73' Marveaux), Remy
Subs: Williamson, Elliot, Sammy Ameobi, Dummett
ASTON VILLA 1 NEWCASTLE 2 (Ben Arfra, Gouffran)
Krul, Debuchy, Coloccini, Yanga-Mbiwa, Santon, Anita (74' Tiote), Cabaye (88' Sammy Ameobi), Ben Arfa, Sissoko, Remy (63' Gouffran), Cisse
Subs: Elliot, Marveaux, S Taylor, Dummett
NEWCASTLE 1 FULHAM 0 (Ben Arfa)
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita 65' (Cabaye), Marveaux 74' (Remy), Shola Ameobi 65' (Gouffran), Cisse
Subs: Gosling, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 0 WEST HAM 0
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita, Marveaux 66' (Sammy Ameobi), Shola Ameobi, Cisse 72'
Subs: Gosling, Bigirimana, Elliot, Vuckic, Dummett
MAN CITY 4 NEWCASTLE 0
Krul, Debuchy, Coloccini, S Taylor, Yanga-Mbiwa, Sissoko, Tiote, Gouffran 45+4' (Dummett), Ben Arfa 65' (Sammy Ameobi), Gutierrez 44' (Anita), Cisse
Subs: Elliot, Marveaux, Shola Ameobi, Obertan
NEWCASTLE 2 LEEDS UTD 0 (Cisse, Gouffran)
Krul, Debuchy, Williamson, Coloccini, Dummett, Gouffran (90' Vuckic), Anita (80' Gosling), Tiote, Marveaux, Sammy Ameobi, Cisse (71' Obertan).
Subs: Ben Arfa, Yanga-Mbiwa, Bigirimana, Alnwick
MORECAMBE 0 NEWCASTLE 2 (Shola Ameobi, Sammy Ameobi)
Elliot, Debuchy, Yanga-Mbiwa, Good, Dummett, Bigirimana, Gosling, Marveaux 88' (Sissoko), Vuckic 46' (Shola Ameobi), Sammy Ameobi, Gouffran 71' (Ben Arfa)
Subs: Santon, Anita, Alnwick, Streete
Newcastle United Fixtures
Saturday October 19
12:45 Premier League
Newcastle United v Liverpool
Sunday October 27
13:30 Premier League
Sunderland v Newcastle United
Wednesday October 30
19:45 League Cup - 4th Rnd
Newcastle United v Manchester City
Saturday November 2
12:45 Premier League
Newcastle United v Chelsea
Sunday November 10
12:00 Premier League
Tottenham v Newcastle United