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Trump Organization Found Guilty Of Tax Fraud

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deadline.com

A New York jury has found the the Trump Organization guilty of tax fraud and a series of other charges. The jury found that two entities of Trump’s business were found guilty of the criminal tax fraud charges, which also included scheme to defraud, conspiracy, and falsifying business records.

The sentencing is scheduled for Jan. 13, with a maximum penalty of $1.6 million, according to the Associated Press. Jurors deliberated over two days.

Trump himself was not charged in the case, but Manhattan District Attorney Alvin Bragg noted that the juror rendered the first criminal convictions against Trump’s companies. “This was a case about greed and cheating.

In Manhattan, no corporation is above the law,” Bragg said in a statement. “For 13 years the Trump Corporation and the Trump Payroll Corporation got away with a scheme that awarded high-level executives with lavish perks and compensation while intentionally concealing the benefits from the taxing authorities to avoid paying taxes.

Read more on deadline.com
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