A jury in New York has found two Trump Organization companies guilty of all charges of tax fraud and other crimes. The verdict in 17 criminal cases was pronounced in the court on Tuesday afternoon.
The jury began convening around noon on Monday, following testimony and closing arguments in the six-week trial.
Two Trump Organization companies called Trump Corporation and Trump Payroll Corporation were indicted in July 2021 along with the company’s longtime chief financial officer, Alan Weiselberg, and several others for reducing payroll liability from executive salaries through no withholding tax. He was accused of using a variety of methods. The bonuses and luxury perks are worth lakhs of rupees.
weiselbergin August and agreed to testify against the company as part of a deal with prosecutors. He is expected to face a prison sentence of five months.
Former President Donald Trump was not charged in the case, but Manhattan District Attorney Alvin Bragg has said Trump is under investigation. The investigation into the office began in 2018 under Bragg’s predecessor, Cyrus Vance Jr. The investigation initially targeted covert-money payments made by Trump’s former lawyer and fixer Michael Cohen to adult film star Stormy Daniels during the 2016 presidential campaign, but later broadened to include corporate. Tax fraud charges.
Cohen was rarely mentioned during the trial, but Trump’s name was repeatedly invoked by both sides.
Weiselberg spent several days on the stand, He and two witnesses who received immunity during prior grand jury proceedings — current company comptroller Jeffrey McConkey and outside accountant Donald Bender — testified that Trump Organization executives were used to avoid taxes and payroll liability on large bonuses and luxury benefits. described a range of methods.
Jurors were told about an internal “clean up” conducted at the Trump Organization after Trump became president in 2017. The company hired an outside attorney to investigate its tax practices. Her review prompted the company to stop many of the practices that led to these criminal charges, multiple witnesses testified.
Trump Organization lawyers said that Trump and his companyby Weiselberg, and he accused Bender of failing to protect the company from Weiselberg.
The lawyers repeatedly said, “Weiselberg did it for Weiselberg,” a phrase a prosecutor later called his “mantra”.
Prosecutors said Wesselberg was one of several officials who received large annual bonus checks, signed and logged by Trump as if they were paying independent contractors, and paid for high-end apartments, private school tuition and cars. Such as luxury perks were not reported as salary. ,
And Manhattan Assistant District Attorney Joshua Steinglass said during his closing arguments thatabout this.
“The fact is that it was approved, and that the practice was known to Mr. Trump,” Steinglass said.
Defense attorneys said Trump was unaware of the plans operating under him, while prosecutors said he signed up to them.
The Trump Organization could face fines of up to $1.6 million if convicted in the case.
New York Attorney General Letitia James indicated that the jury’s findings could have ramifications.being followed by his office. Her office conducted a parallel civil investigation and assigned two prosecutors to work on the Manhattan District Attorney’s investigation. While the criminal case focuses solely on executive compensation, the civil case – filed in September – Extensive, years-long effort to commit fraud and manipulate property valuations.
The company and Trump deny all allegations in the case, which is due for trial in October 2023.