Trump Organization found guilty of tax fraud


A jury has found the Trump Organization to be guilty on all the counts of tax fraud they were charged with. The verdict came very quickly, within a day of the case being sent to the jury, a sign that they thought it was an easy decision.

A jury in New York has convicted the Trump Organization of criminal tax fraud in a major blow for the former president.

Although Donald Trump was not personally on trial, prosecutors insisted he was fully aware of the 15-year scheme in which they said executives were enriched by off-the-books perks to make up for lower salaries, reducing the company’s tax liabilities.

The 12-person jury in New York’s state court was sent out to deliberate on Monday morning after a six-week trial in which Trump Organization lawyers pinned blame for the fraud solely on the greed of longtime chief financial officer Allen Weisselberg.

The former close ally of Trump accepted a plea deal earlier this year admitting fraud in exchange for a five-month prison sentence. Prosecutors laid out a case heavily reliant on Weisselberg’s testimony.

The verdict represents a serious blow to Trump and his family who rose to fame as property moguls in New York but whose business practices have long shadowed in secrecy with rumors of ill-doing.

What this means for the company is unclear, though it will clearly not be good.

Meanwhile, New York attorney general Letitia James has a pending criminal case against Trump and his family.

Get ready for the inevitable aftermath: a long whiny rant from Trump about how this is all part of a witch hunt against him even though he is the most innocent man.

Comments

  1. tuatara says

    “I had never heard of the Trump organisation before Ye invited it to dinner, but I hear they think I am great!”

  2. Holms says

    A fine of “up to $1.6M” is paltry stuff. Hopefully the business partnerships dry up and end up costing far more.

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