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