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Trump Organization, Ex-President Donald Trump’s Firm, Found Guilty In Tax Fraud Case

The Trump Organization was convicted Tuesday over what prosecutors say was a years-long scheme to defraud state and federal tax authorities, multiple outlets reported.

The big picture: Trump Organization and its Chief Financial Officer Allen Weisselberg were charged in 2021 with tax-related offenses, including paying executives with “off the books” compensation, such as apartments and luxury cars.

  • The indictment said that the Trump Organization operated the years-long scheme to allow some employees to “understate their compensation” so that their taxes “were significantly less than the amounts that should have been paid.”
  • Weisselberg pleaded guilty in August to all 15 counts in the indictment from the Manhattan district attorney’s office. He was also required to testify as part of the plea deal.
  • Trump has criticized the charges as politically motivated.

State of play: The tax fraud case is just one of the several legal matters involving the former president, who last month announced his official bid for president in 2024.

  • Trump also faces an investigation by the Department of Justice over efforts to overturn the 2020 presidential election results and his handling of classified documents.

Axios

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