The Trump Organization and the Trump Payroll Corp were found guilty on 17 counts of fraud. Donald Trump's family business was found guilty of tax fraud by a New York jury on Tuesday, dealing a blow to the ex-president as he eyes the White House again.
Trump himself was not charged, but the fact the sprawling real-estate, hotel and golf business that bears his name is now a convicted felon is likely to inflict damage to his reputation as he seeks the Republican nomination for the presidency in 2024. Longtime CFO Allen Weisselberg, had already pleaded guilty to 15 counts of tax fraud, and testified against his former company as part of a plea bargain. He did not implicate Trump during the trial.A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife and private school tuition for his grandchildren.
Under the headline"Manhattan Witch Hunt!" Trump said no benefit accrued to the company from Weisselberg's actions, and that neither he nor any employees were"allowed to legally view" the CFO's returns.Trump's company faces a fine of around $1.5 million, a paltry sum to the billionaire real estate developer.
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