Trump Organization found guilty of tax fraud scheme

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Donald Trump's real estate company was convicted of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S. president as he campaigns for the office again in 2024

The case centered on charges that the company paid personal expenses like free rent and car leases for executives including Weisselberg without reporting the income, and gave them bonuses as non-employee compensation from other Trump entities like the Mar-a-lago Club, without deducting taxes.

"The whole narrative that Donald Trump was blissfully ignorant is just not real, prosecutor Joshua Steinglass told jurors during his closing argument on Friday.Republican Trump, who on Nov. 15 announced his third campaign for the presidency, said in a statement he was "disappointed" by the verdict but called the case a "Manhattan witch hunt." Both Bragg and his predecessor who brought the charges, Cyrus Vance, are Democrats.

Lawyers for the Trump Organization argued that Weisselberg carried out the scheme to benefit himself, not the company. They tried to paint him as a rogue employee. Weisselberg is currently on paid leave and testified that he hopes to get another $500,000 bonus in Januaryon his Truth Social platform on Nov. 19. that his family got "no economic gain from the acts done by the executive."

He said that the company saved money by paying for his rent, utilities, Mercedes-Benz car leases for him and his wife and other personal expenses rather than raising his salary, because a wage hike would have had to account for taxes.

 

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