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The Trump Organization is found guilty of several counts of tax fraud

2022-12-06T21:27:57.811Z


A jury found two Trump Organization companies guilty of multiple counts of tax fraud and falsifying business records related to a 15-year scheme to defraud tax authorities.


Here's what you need to know about the Trump Organization trial 2:19

(CNN) -- 

A jury found two Trump Organization companies guilty of multiple counts of tax fraud and falsifying business records related to a 15-year scheme to defraud tax authorities by failing to report and pay taxes on compensation of top executives.

Trump Corp. and Trump Payroll Corp. were found guilty of all charges they faced.

  • Former Trump Organization CFO Pleads Guilty to Tax Fraud, Agrees to Testify Against Company

Donald Trump and his family were not charged in this case.

However, prosecutors repeatedly mentioned during the trial the former president's connection to benefits granted to certain executives, including company-financed apartments, car leases and personal expenses.

The guilty verdict comes as Trump faces scrutiny from federal and state prosecutors over his handling of classified documents, the effort to overturn the 2020 election results and the accuracy of the Trump Organization's business records and financial statements.

He also faces a $250 million civil lawsuit from the New York attorney general accusing him and his adult children of being involved in a decade-long fraud.

The attorney general seeks to permanently bar them from serving as officers or directors of a company in the state of New York, among other sanctions.

Prosecutor Joshua Steinglass told jurors in closing arguments that Trump "explicitly sanctioned" the tax fraud and urged them to reject the defense's argument that former Trump Organization CFO Allen Weisselberg was a rogue employee motivated by his own personal greed.

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Source: cnnespanol

All news articles on 2022-12-06

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