NEW YORK (AP) — Donald Trump’s company was convicted of tax fraud on Dec 6 in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business. The guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top utives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars. The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren’t expected to be severe enough to jeopardize the future of Trump’s company. As punishment, the Trump Organization could be fined up to $1.6 million — a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated. Trump himself was not on trial but prosecutors alleged he “knew exactly what was going on” with the scheme, though he and the company’s lawyers have denied that. The case against the company was built largely around testimony from the Trump Organization’s former finance chief, Allen Weisselberg, who previously pleaded guilty to charges that he manipulated the company’s books and his own compensation package to illegally reduce his taxes. Weisselberg testified in exchange for a promised five-month jail sentence. Trump Organization lawyers repeated the mantra “Weisselberg did it for Weisselberg” throughout the monthlong trial. They contended the utive had gone rogue and betrayed the company’s trust. No one in the Trump family or the company was to blame, they argued. https://apnews.com/article/business-new-york-manhattan-donald-trump-government-and-politics-86177401a887c85ab50d8b78eb1ed397
Now The Trump Organization May Have To Pay Back $1.6 Million Dollars, Are You Going To Send Him Money ?
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