Donald Trump’s company has been convicted of tax fraud for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars.
As punishment, the Trump Organization could be fined up to $1.6 million.
The guilty verdict Tuesday day came on the second day of deliberations in the only criminal trial to arise from the Manhattan district attorney’s three-year investigation of the former president and his businesses.
The Trump Organization — the entity through which Trump manages his real estate holdings and other ventures — is accused of helping Allen Weisselberg and other executives avoid paying income taxes on company-paid perks.
Weisselberg pleaded guilty in August to dodging taxes on $1.7 million in extras and testified against the Trump Organization in exchange for a promised sentence of five months in jail.
Weisselberg has worked for Trump's family for nearly 50 years, starting as an accountant for his real estate-developer father Fred Trump in 1973 before joining Donald Trump’s company in 1986.
Trump has denied any knowledge of the scheme, writing Tuesday on his Truth Social platform: “There was no gain for ‘Trump,’ and we had no knowledge of it.”
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