Trump Organization found guilty of tax fraud, financial crimes




  • In US
  • 2022-12-06 21:25:07Z
  • By The Week
Trump Tower
Trump Tower  

Former President Donald Trump's eponymous business was found guilty on multiple counts of tax fraud and other financial crimes on Tuesday, jurors in the state Supreme Court in Manhattan announced. After more than one day of deliberations, the court declared both the Trump Organization and the Trump Payroll Corporation broke the law as part of an expansive scheme to shelter top executives from retail taxes, convicting the companies on all 17 counts.

Neither the former president nor his family were indicted as part of the case and have all denied any wrongdoing, although prosecutors have alleged Trump "knew exactly what was going on" at his namesake company.

In a statement released shortly after the verdicts were announced, the Trump Organization blamed former CFO Allen Weisselberg, who pleaded guilty to tax fraud charges this summer, claiming "Mr. Weisselberg testified under oath that he 'betrayed' the trust the company had placed in him. The notion that a company could be held responsible for an employee's actions, to benefit themselves, on their own personal tax returns is simply preposterous."

While the Trump Organization is now required to pay just $1.62 million in fines, The New York Times reports that the reputational damage to the former president's business could limit its ability to find potential lenders, while also giving the Trump Organization diminished leverage to negotiate favorable deals.

"The former president's companies now stand convicted of crimes," Manhattan District Attorney Alvan Bragg announced following the verdict. "That is consequential. It underscores that in Manhattan we have one standard of justice for all."

You may also like

How low will gas prices go this winter? 3 analyst predictions.

439 Texas churches split from United Methodist Church as slow-motion schism continues

If China invades Taiwan

COMMENTS

More Related News

Ex-Prosecutor
Ex-Prosecutor's Book Details Struggle Over Indicting Trump On His Business Records

"Once again, Donald Trump had managed to dance between the raindrops of accountability," writes Mark Pomerantz.

Federal judge
Federal judge's order demands answers from Springfield man convicted in Jan. 6 breach
  • US
  • 2023-02-03 22:16:33Z

Thomas B. Adams Jr. has until Feb. 10 to tell the court why his conviction should not be vacated in light of comments made to the SJ-R

The Manhattan DA was skeptical about using Michael Cohen to testify against Trump. He
The Manhattan DA was skeptical about using Michael Cohen to testify against Trump. He's now helping the office investigate the ex-president's hush-money scandal.

A grand jury is now reportedly weighing charges against Donald Trump for the 2016 hush-money payments to Stormy Daniels.

Trump splits with ally McCarthy over Ashli Babbitt shooting on Jan. 6
Trump splits with ally McCarthy over Ashli Babbitt shooting on Jan. 6

Former President Donald Trump took a jab at House Speaker Kevin McCarthy for defending the Capitol Police officer who shot and killed Ashli Babbitt on Jan. 6...

Trump Campaign Staff On 2020 Election Lies:
Trump Campaign Staff On 2020 Election Lies: 'Fan The Flame'

Audio from days after the election is surfacing as Trump again seeks the White House while continuing to lie about the legitimacy of the outcome and Democrat...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • 온라인카지노
    (2022-12-07 16:49:33Z)

    This is very appealing, however , it is very important that will mouse click on the connection:

    REPLY
  • 안전놀이터
    (2022-12-11 12:21:18Z)

    I invite you to the page where see how much we have in common.

    REPLY

Top News: US