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Friday, January 27, 2023

US court jury finds Trump Organization guilty of tax fraud

Nuevanew yorkDec. 6 -Donald Trump’s real estate company pleaded guilty Tuesday to running a criminal scheme to defraud tax authorities over 15 years, leaving the former US president in legal trouble while campaigning for a return to the White House in 2024. had to face.

The Trump Organization, which operates hotels, golf courses and other real estate around the world, faces fines for the conviction. The exact amount will be determined at a later date by the judge presiding over the trial in New York state court.

The company pleaded not guilty. Trump himself was not charged in this case.

While the fine is not expected to be significant for a company of the Trump Organization’s size, a jury conviction could complicate its ability to do business by scaring off lenders and partners.

The case centered on allegations that the company paid personal expenses such as free rent and car leases to top executives, including former CFO Alan Weissberg, without reporting income, and paid them bonuses as if they were independent contractors.

“The smorgasbord of benefits is designed to keep its top executives happy and loyal,” prosecutor Joshua Steinglass told the jury during closing arguments on Friday.

The Trump Organization is facing a separate fraud lawsuit brought by New York State Attorney General Letitia James.

Trump himself is under investigation by the US Justice Department for his handling of confidential government documents after he leaves office in January 2021, after losing the November 2020 election to Democrat Joe Biden.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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