The Jury finds Trump Organization guilty on all counts of criminal tax fraud
A Manhattan jury has found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records connected to a 15-year scheme to defraud tax authorities by failing to report and pay taxes on compensation for top executives.
The Trump Corp. and Trump Payroll Corp. were found guilty of all charges they faced.
Donald Trump and his family were not charged in this case, but the former president was mentioned repeatedly during the trial by prosecutors about his connection to the benefits doled out to certain executives, including company-funded apartments, car leases and personal expenses.
The Trump Organization could face a maximum of $1.61 million in fines when sentenced in mid-January. The company is not at risk of being dismantled because there is no mechanism under New York law that would dissolve the company. However, a felony conviction could impact its ability to do business or obtain loans or contracts.
The guilty verdict comes as Trump is under scrutiny by federal and state prosecutors for his handling of classified documents, the effort to overturn the 2020 election results, and the accuracy of the Trump Organization’s business records and financial statements. He is also facing a $250 million civil lawsuit from the New York attorney general alleging he and his adult children were involved in a decade long fraud.
Weisselberg testified that he pulled off the scheme with the help of his underling, Trump Organization controller Jeffrey McConney. McConney, who received immunity for testifying before the grand jury, admitted to some of the illegal conduct in his testimony.
After Trump was elected president, Weisselberg testified, there was a “clean up” and many of the illegal practices stopped.
He revealed conversations he had with Trump, Eric Trump and Donald Trump Jr., but told the jury when questioned by the Trump attorneys that he did not scheme or conspire with anybody in the Trump family.
Weisselberg became emotional at times, telling the jury he was “embarrassed” by his conduct and that he “betrayed” the Trump family, who has been his employer for 49 years.
Prosecutors and defense attorneys called out Weisselberg’s split loyalties – wanting to live up to his plea deal and serve a lower jail sentence and his loyalty to the Trump family, who could pay him $1 million in compensation this year.
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