Trump Organization companies found guilty of all charges in tax fraud in New York trial

  • 📰 CBSNewYork
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Breaking - Read more about this here:

A jury in New York has found two Trump Organization companies guilty on all charges of tax fraud and other crimes. The verdict on 17 criminal counts was announced in court Tuesday afternoon.

The two Trump Organization companies, called the Trump Corporation and Trump Payroll Corporation, were indicted in July 2021, along with the company's longtime chief financial officer, Allen Weisselberg, and accused of using a variety of methods to reduce payroll liability from executive salaries through untaxed bonuses and luxury perks worth millions. in August and agreed to testify against the company as part of a deal with prosecutors. He is expected to face a five-month jail sentence.

Jurors were told about an internal"clean up" conducted in 2017 at the Trump Organization after Trump became president. The company hired an outside lawyer to examine its tax practices. Her review led the company to cease many of the practices that led to these criminal charges, multiple witnesses testified.by Weisselberg, and they accused Bender of failing to protect the company from Weisselberg.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 268. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines