Prosecutors in Manhattan saw victory today when a jury found the Trump Organization guilty “on all counts” after an investigation and trial focused on tax fraud within Donald Trump’s business. The conviction comes with a fine and the criminalization of Trump’s organization.
JUST IN: Donald Trump’s company was convicted of tax fraud on Tuesday, a significant repudiation of financial practices at the former president’s business. https://t.co/YcjT42dBwi
— KCTV5 News (@KCTV5) December 6, 2022
Testimony in the case came from the Trump Organization’s CFO, Allen Weisselberg, who attempted to take on the blame and exclude the Trump family as having knowledge about the tax fraud that resulted from offering top executives perks in place of pay and fail to report it on tax documents.
The Associated Press reports that:
‘Trump himself was not on trial but prosecutors alleged he “knew exactly what was going on” with the scheme, though he and the company’s lawyers have denied that…during his closing argument, prosecutor Joshua Steinglass attempted to refute the claim that Trump knew nothing about the scheme. He showed jurors a lease Trump signed for Weisselberg’s company-paid apartment and a memo Trump initialed authorizing a pay cut for another executive who got perks.’
The penalty for the crime came with a $1.6 million dollar fine and a five month prison sentence for Weisselberg. However, Trump himself is not guaranteed a lack of accountability. Not only will the conviction define the organization as a criminal organization, loans will become hard to come by and an ongoing investigation into Trump and his ties to the crimes committed at his business may reveal more of Trump’s complicity.
Twitter was delighted by the news that Trump and three of his adult children – Ivanka, Donald Jr., and Eric – will face at least some punishment for the crimes. Read some of their comments below: