Former President Trump has criticized the politically motivated trial. He also attacked his former CFO Allen Weisselberg after he pleaded guilty and testified against the company.
The family business of former United States President Donald Trump was found guilty of fraud and tax evasion by a New York jury on Tuesday, December 6, for paying executives “under the table”, giving them a significant part of their compensation so that they could reduce their part subject to taxes, according to local media.
The two companies found guilty by a jury in Manhattan are Trump Corporation and Trump Payroll Corporation, while neither the former president nor his relatives had been indicted in this case.
The Manhattan Prosecutor’s Office had accused the company of operating a tax evasion scheme for more than 15 years, also arguing that the scheme reached the highest levels of responsibility, against the defense argument that its orchestrators acted for their own benefit. and not on behalf of the company.
The organization is expected to face a fine of around $1.6 million and may also have difficulty obtaining loans and funding in the future.
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Former President Trump has criticized the politically motivated trial. He also attacked his former CFO Allen Weisselberg after he pleaded guilty and testified against the company.
Prosecutors accused the company of having a “culture of fraud and deceit” during the trial. They said he ran a scheme that allowed some executives to “understate their compensation” so that their taxes “were significantly less than the amounts they should have paid.”
Trump and his three oldest children face a separate civil lawsuit brought by the New York attorney general that could bar them from doing business in the state.
With information from BBCNews
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