Forbes reports:
The Trump Organization has been found guilty of criminal tax fraud, a jury declared Tuesday, after prosecutors accused former President Donald Trump’s company of evading taxes by paying executives through gifts and off-the-books compensation.
Trump was not directly charged in the case, but prosecutors tried to implicate him in the scheme at trial by providing evidence that showed he signed off on perks that executives received on multiple occasions, with DA Joshua Steinglass arguing Trump was “explicitly sanctioning tax fraud.”
The company could now face up to $1.6 million in fines, along with potential broader impacts like creditors being less willing to do business with it.
Read the full article.
Guilty verdicts on all charges in the Trump Org trial, follow along here –> https://t.co/m0F6xuY6Qj
— Maggie Haberman (@maggieNYT) December 6, 2022
This is a significant verdict—the Trump Organization is found guilty of serious felony fraud charges.
This will give even more leverage to New York Attorney General Tish James in her civil suit, which seeks extraordinary remedies that would cripple the company. https://t.co/aSlrJAIq3c
— Renato Mariotti (@renato_mariotti) December 6, 2022