JUST IN: Trump family-owned business is convicted of all counts of tax fraud in a New York trial
The Trump Corp. and Trump Payroll Corp. were found guilty on all charges they faced. Donald Trump and his family were not charged in this case, but the former president was mentioned repeatedly during the trial by prosecutors about his connection to the benefits doled out to certain executives, including company-funded apartments, car leases and personal expenses. The Trump Organization could face a maximum of $1.61 million in fines when sentenced in mid-January.
He also testified that he paid himself and other executives’ bonuses as though they were independent consultants – enabling the Trump companies to evade paying taxes on them. Weisselberg testified that he pulled off the scheme with the help of his underling, Trump Organization controller Jeffrey McConney. McConney, who received immunity for testifying before the grand jury, admitted to some of the illegal conduct in his testimony.
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