Tuesday, December 6, 2022

Trump Organization Found Guilty in Tax Fraud Scheme

 The former president’s company had been accused of providing off-the-book benefits to executives. The testimony of its former chief financial officer proved crucial to the case.


The guilty verdict is a stern rebuke for a company that fostered crime.

Donald J. Trump’s family real estate business was convicted on Tuesday of tax fraud and other financial crimes, a remarkable rebuke of the former president’s company and what prosecutors described as its “culture of fraud and deception.”

The conviction on all 17 counts, after more than a day of jury deliberations in State Supreme Court in Manhattan, resulted from a long-running scheme in which the Trump Organization doled out off-the-books luxury perks to some executives: They received fancy apartments, leased Mercedes-Benzes, even private school tuition for relatives, none of which they paid taxes on.



Trump at Mar-a-Lago after the verdict.



No comments:

Translate