Trump’s company was convicted of tax fraud Tuesday for helping executives dodge taxes on extravagant perks such as Manhattan apartments and luxury cars, a repudiation of financial practices at the former president’s business as he mounts another run
A jury found two corporate entities at the Trump Organization guilty on all 17 counts, including charges of conspiracy and falsifying business records. Trump himself was not on trial. The verdict in state court in New York came after about 10 hours of deliberations over two days.
“A former president’s companies now stand convicted of crimes. That is consequential,” Manhattan District Attorney Alvin Bragg said outside the courtroom. “It underscores that in Manhattan we have one standard of justice for all.” The verdict adds to mounting legal woes for Trump, who faces a criminal investigation in Washington over the retention of top-secret documents at his Mar-a-Lago estate, as well as efforts to undo the results of the 2020 presidential election.
The Trump Organization — and Trump’s management of it — was at the center of “The Apprentice,” the reality show that solidified his global celebrity. That fame in turn helped fuel his unlikely political rise, allowing him to sell himself to voters as a successful businessman who could take lessons from that sphere and apply them to Washington.
Trump Organization lawyers repeated the mantra “Weisselberg did it for Weisselberg” throughout the monthlong trial, contending that he had gone rogue and betrayed the company’s trust. Weisselberg attempted to take responsibility on the witness stand, saying nobody in the Trump family knew what he was doing.But prosecutor Joshua Steinglass alleged in his closing that Trump “knew exactly what was going on” and was “explicitly sanctioning tax fraud.
Still, the Trump Organization may now run into some trouble getting loans and making deals, and New York City could have more leverage to try to end the company’s contract managing a city-owned golf course in the Bronx.
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.
Editorial: Time to take a jackhammer to the Trump sign on Chicago’s Trump Tower.It's now time to remove the Trump sign on the Trump International Tower and Hotel. Take it down.
Read more »
Trump News Live Updates: Lara Trump reportedly out as paid Fox contributorWhile Trump was not charged in the tax fraud case, it comes amid several other legal investigations facing the former president. Follow Newsweek for the latest.
Read more »
Trump knew all: Cohen eyes Trump himself after company guilty of crimesIn his first interview moments after The Trump Org was convicted on all 17 counts, Donald Trump’s former lawyer, Michael Cohen joins MSNBC Chief Legal Correspondent Ari Melber on “The Beat.” Trump’s entire company found guilty of criminal tax fraud, conspiracy and falsifying records. Cohen saying Trump knew about everything happening financially within his company and adding “I believe if in fact they did indict him tomorrow, the same crimes and the same criminal behavior could be exposed and identified for a jury.”
Read more »
Two men cuffed for plotting terrorist attack against Manhattan Jewish community: DA | amNewYorkTwo people were indicted in Manhattan on a slew of charges for making terroristic threats to the borough's Jewish community.
Read more »
Dog rescued in New Jersey after swimming across Hudson River from ManhattanThe dog's owners said they just got him last week as a service dog for their son with special needs. They were scared they would never see him again.
Read more »