Donald Trump's company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president's business.
The guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars. The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren't expected to be severe enough to jeopardize the future of Trump's company.
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.
Top Excecutives? 🧐
Lol...a slap on the wrist for that company. 'Please don't do it again!'
Shocking
No idea how tax law & order works, but Avenatti just got 14 years in prison for tax fraud. The unclear inequity of laws in this country is so confusing.
How amazing that they spent $4.5 million in taxpayer dollars to get his company fined for something he’s not directly involved in. Just another witch hunt.
Noth8ng but a political nut job by the democrats or communist party.
Taxation is fraud. Prove me wrong.
'Trump Trump Trumpeter Trumper Trumpet Trumpeting Trump Trump Trumped Trumps.......'
Trump and his people carry around 1.6 MM in their pockets....
That’s Trump Change. Who cares about this?
😹😹😹😹 KARMA ‼️‼️😂😂😂
1.6m is not a punishment to the ultra rich.
And it really important we hear all about this and not about how corrupt government officials and partisan hacks colluded with corrupt tech executives to subvert democracy. Do not pay attention to such things. Comply citizen.
So quick with this but zero on hunter bidens laptop. Yall are a disgrace
Not buying it!
After liability insurance for civil cases...here, $1.6 million.
Pay a fine and move on. Stupid.
'Trump himself was not on trial. The verdict came on the second day of deliberations.' The spin on this will be fun to watch. Grab your popcorn.
Cool. Now get Nancy Pelosi and BOTH sides of the isle on insider trading and corruption.
🤣 love it!
Its a $1.6M fine. It's a cost of doing business as far as the Trump org is concerned. BTW, you might want to check every company in the U.S. as they all do the same thing.
You mean the scheme hatched by Donald J Trump and his children for all those years?
Pffft... big deal! who cares
TwitterFiles
“Only the best people.”
Now come the appeals and nothing will ever happen
When the DA goes into office saying she'll get Trump, I find it hard to believe there would be any other result.