Trump Organization found guilty of tax evasion in New York

Trump Organization found guilty of tax evasion in New York

The former US president was not convicted in this case of financial and tax fraud.

Donald Trump’s family business, the Trump Organization, was found guilty Tuesday of financial fraud and tax evasion after a trial in New York in which the former Republican president was not tried, Manhattan prosecutor Alvin announced. Bragg.

The jury, which retired Monday to deliberate after more than a month of hearings, “found the Trump Corporation and the Trump Payroll Corporation guilty on all counts,” Alvin Bragg said on his Twitter account.

The two companies were prosecuted for tax evasion and falsification of accounts, particularly for the purpose of concealing financial compensation of certain senior employees from the tax authorities.

A first for a Trump company

“This is a case of greed and fraud. In Manhattan, no business is above the law,” Prosecutor Bragg said in a statement, adding that it was the first time a Donald Trump company had been convicted in a criminal case. The billionaire is now officially in the running to become the Republican presidential nominee in 2024.

“For 13 years, the Trump Corporation and the Trump Payroll Corporation have evaded the law by awarding high-level executives lavish benefits and compensation while deliberately hiding those benefits from the IRS to avoid paying taxes,” he added.

The sentence must be pronounced on 13 January 2023, the prosecutor says.

In this case, the former financial director of the family group, Allen Weisselberg, reached an agreement with the courts in August and pleaded guilty to 15 counts of fraud and tax evasion related to $1.76 million in black income between 2005 and 2021. This relative of Trump- the family testified at the trial against the company, a group that mainly manages hotels, golf courses and real estate investments.


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