Trump's company convicted by New York jury of scheme to defraud tax authorities

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NEW YORK — Donald Trump’s real estate company was convicted on Tuesday of carrying out a 15\u002Dyear\u002Dlong criminal scheme to defraud tax authorities, adding to the…

The Trump Organization – which operates hotels, golf courses, and other real estate around the world – faces up to $1.6 million in fines following the guilty verdicts by a jury on all charges the company faced.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“The smorgasbord of benefits is designed to keep its top executives happy and loyal,” prosecutor Joshua Steinglass told jurors during his closing argument on Friday. Republican Trump, who on Nov. 15 announced his third campaign for the presidency, had called the probe a politically motivated “witch hunt.” Both Bragg and his predecessor who brought the charges, Cyrus Vance, are Democrats.The Trump Organization separately faces a fraud lawsuit brought by New York state Attorney General Letitia James.

The Trump Organization argued that Weisselberg carried out the scheme to benefit himself. He is on paid leave from the company and testified that he received more than $1 million in salary and bonus payments this year.

 

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Trump companies convicted in New York criminal tax fraud trial - BNN BloombergDonald Trump’s company was found guilty of engaging in a tax fraud over more than a decade, in which executives including former chief financial officer Allen Weisselberg evaded taxes on company-paid perks including free apartments and luxury cars. Wow all this for 1.6 m fine
Source: BNNBloomberg - 🏆 83. / 50 Read more »