Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney
Trump Organization Attorney Michael van der Veen returns to the courtroom after a short recess during the Trump Organization tax fraud trial at the New York Supreme Court on December 05, 2022 in New York City. — Donald Trump’s company was convicted of tax fraud on Tuesdaybrought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business.
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, who recently announced he was running for president again, has said the case against his company was part of a politically motivated “witch hunt” waged against him by vindictive Democrats.
, who previously pleaded guilty to charges that he manipulated the company’s books and his own compensation package to illegally reduce his taxes.To convict the Trump Organization, prosecutors had to convince jurors that Weisselberg or his subordinate, Senior Vice President and Controller Jeffrey McConney, were “high managerial” agents acting on the company’s behalf and that the company also benefited from his scheme.
During his closing argument, prosecutor Joshua Steinglass attempted to refute the claim that Trump knew nothing about the scheme. He showed jurors a lease Trump signed for Weisselberg’s company-paid apartment and a memo Trump initialed authorizing a pay cut for another executive who got perks.The verdict doesn’t end Trump’s battle with Manhattan District Attorney Alvin Bragg, a Democrat who took office in January.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Some Rain Tuesday; Showers to Come All Day WednesdayTuesday starts cloudy, but dry. Rain will arrive during the afternoon, with mild high temperatures in the lower to middle 50’s. Rain continues through Tuesday night and into Wednesday morning. Lows stay very mild, in the middle 40’s. Wednesday will feature bursts of heavy rain, and breezy conditions. As much as 2 inches of rain may fall. Highs in the…
Read more »
Scattered Showers to Begin in Western, Central New England TuesdayIt’ll be a relatively mild December day despite overcast skies across the region. Our highs will top out over 50 in many locations, and in the 40s in far northern New England, about 5 to 10 degrees above average for the date. Scattered showers will march into western and central New England from midday through the afternoon, so it’s worth…
Read more »
Donald Trump's Company Found Guilty In Tax Fraud TrialManhattan prosecutors alleged a 15-year scheme to pay executives off the books to avoid taxes.
Read more »
Donald Trump's company found guilty of 15-year-long tax fraudBREAKING: Former President Donald Trump’s company has been found guilty on all counts it faced in a tax fraud trial in New York.
Read more »
Sacha Baron Cohen Resurrects Borat To Burn Donald Trump And Kanye WestThe comedian riffed on Ye's anti-Semitism as US president Joe Biden looked on at ceremony for lifetime achievements in the arts.
Read more »