Trump Organization Found Guilty of Criminal Tax Fraud

Wednesday - 07/12/2022 07:18 Author: Editors Desk Source: WSJ:
A jury found former President Donald Trump’s family business engaged in an off-the-books compensation scheme to pay some executives in car leases, apartments and cash.
The two Trump Organization entities that were found guilty could face more than $1.6 million in fines. PHOTO: TED SHAFFREY/ASSOCIATED PRESS
The two Trump Organization entities that were found guilty could face more than $1.6 million in fines. PHOTO: TED SHAFFREY/ASSOCIATED PRESS

Former President Donald Trump’s family business was convicted Tuesday of criminal tax fraud, with a New York jury finding the Trump Organization engaged in an off-the-books compensation scheme to pay some executives in car leases, apartments and cash.

The jury found two Trump Organization corporate entities guilty of all criminal counts they faced, including conspiracy, criminal tax fraud and falsifying business records. The two entities could face a total of more than $1.6 million in fines.

The guilty verdict is a blow to Mr. Trump, who, while facing civil lawsuits and criminal investigations, declared his third consecutive presidential bid last month. The conviction and subsequent penalties for his company could compound the weariness from some Republicans who want to move on to other party leadership.

A judge set the company’s sentencing for Jan. 13.

Manhattan District Attorney Alvin Bragg said the verdict holds the Trump business accountable for a long-running criminal scheme. “This was a case about greed and cheating,” Mr. Bragg said in a statement. “In Manhattan, no corporation is above the law.”

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 Keywords: Donald Trump

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