THIS JUST IN: A Manhattan jury has found former President Donald Trump's namesake real estate company guilty of criminal tax fraud.
A Manhattan jury has found former President Donald Trump's namesake real estate company guilty of criminal tax fraud.A Manhattan jury has found former President Donald Trump's namesake real estate company guilty of criminal tax fraud, three weeks after Trump announced a third presidential run.
Prosecutors believed the Trump Organization was culpable because the conduct of CFO Allen Weisselberg benefitted the company and because his position as CFO meant he was entrusted to act on the company's behalf. Weisselberg testified at trial that he reduced his reported salary by the total amount of the personal expenses that the company covered, and that the company benefitted by paying less in payroll taxes. He also testified that his primary motive was greed.
Defense attorneys asked witnesses roughly 60 times about Trump's knowledge of the tax scheme that his company was charged with, as they sought to show that Trump was in the dark about the fraud being committed by his top executives. Defense attorney Michael van der Veen said in his closing statement Friday that jurors "heard no evidence in this case that Mr. Trump or any of his children were aware of anything improper.
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