The Trump Organization was found guilty Tuesday of criminal tax fraud — and now former President Donald Trump’s real-estate company could land a $1.6 million fine.
The Trump Org was convicted on all 15 counts it faced — including tax fraud, falsifying business records, conspiracy and related crimes — following two days of deliberations in Manhattan Supreme Court.
Prosecutors alleged during the four-week trial that for 15 years the Trump Org helped top execs skirt income taxes on cushy, off-the-books benefits including rent, private school tuition and luxury cars.
The jury of eight men and four women heard from star prosecution witness and former Trump Org CFO Allen Weisselberg, who testified last month, “It was my own personal greed that led to this case.”
Trump Org lawyers have maintained that Weisselberg acted on his own and that the blame lay solely with him.
Still, Weisselberg, 75, admitted that even after Donald Trump’s children Eric and Donald Trump Jr. found out in 2017 that he and other executives were cheating on taxes, they weren’t penalized. Instead, Weisselberg – who is currently on a leave of absence and getting paid $640,000 salary from the company – was given a $200,000 raise.
The 45th president and his children are not charged in the case.
