New York, NY (WOAY) – A federal court has convicted the Trump Organization of tax fraud for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars.
As punishment, the Trump Organization could face fines of $1.6 million.
The guilty verdict came on the second day of deliberations in the only criminal trial to arise from the Manhattan district attorney’s three-year investigation of the former president and his businesses.
Longtime Trump Organization finance chief Allen Weisselberg previously pleaded guilty to hatching the 15-year scheme. He testified at the trial in exchange for a promised five-month jail sentence.